TOA (1885) Q3 2024 earnings summary

Executive summary

• 9M FY2024 net sales rose 39.2% YoY to ¥206,552 million; operating profit rose to ¥13,569 million from ¥2,776 million, and profit attributable to owners rose to ¥8,338 million from ¥2,014 million.

• Full-year FY2024 forecasts were revised, with sales of ¥270,000 million and profit attributable to owners of ¥9,600 million.

Financial highlights

• 9M gross profit was ¥22,887 million, up from ¥11,114 million YoY; SG&A increased to ¥9,317 million from ¥8,337 million.

• 9M ordinary profit was ¥12,840 million versus ¥2,952 million; profit before income taxes was ¥13,003 million versus ¥3,079 million.

• 9M comprehensive income increased to ¥9,715 million from ¥2,178 million YoY.

Outlook and guidance

• FY2024 forecast: net sales ¥270,000 million (+26.4%), operating profit ¥15,900 million (+142.6%), and ordinary profit ¥15,100 million (+128.3%) YoY.

• FY2024 forecast profit attributable to owners: ¥9,600 million (+98.6%); basic EPS: ¥466.38.