Tokyotokeiba (9672) Q2 2024 earnings summary

Executive summary

• Net sales for the six months ended June 30, 2024 rose 7.3% year-over-year to ¥18,662 million, with operating profit up 2.6% to ¥6,532 million and profit attributable to owners of parent up 26.5% to ¥4,487 million.

• Comprehensive income increased 30.6% year-over-year to ¥4,757 million for the period.

Financial highlights

• Gross profit for the six months was ¥7,556 million, up from ¥7,313 million year-over-year.

• Basic earnings per share rose to ¥164.81 from ¥129.41 year-over-year.

• Total assets increased to ¥118,654 million as of June 30, 2024, up from ¥115,792 million at the previous year-end.

• Net assets reached ¥87,763 million, with an equity ratio of 73.9%.

• Cash and cash equivalents at period end were ¥8,940 million, down from ¥14,926 million at the previous year-end.

Outlook and guidance

• Full-year 2024 forecast: net sales of ¥40,047 million (up 6.7% year-over-year), operating profit of ¥12,349 million (down 7.6%), and profit attributable to owners of parent of ¥8,674 million (up 2.6%).

• Basic earnings per share for the full year forecasted at ¥316.46.

• No revisions to previously announced forecasts.