Tokyotokeiba (9672) Q3 2024 earnings summary

Executive summary

• Net sales/revenue rose 8.1% year-over-year to 30,216 million yen, with all segments contributing, especially SPAT4, amusement park, and warehouse leasing.

• Operating profit increased 3.6% year-over-year to 10,855 million yen, despite higher SPAT4-related expenses.

• Profit attributable to owners of parent/shareholders surged 19.0% year-over-year to 7,594 million yen, reflecting the absence of last year's extraordinary loss.

• All business segments contributed to revenue growth, with notable gains in amusement park and warehouse leasing.

Financial highlights

• Gross profit grew 4.3% year-over-year to 12,415 million yen, with cost of sales up 10.9%.

• Ordinary profit reached 10,836 million yen, up 3.3% year-over-year.

• Total assets increased by 2,829 million yen to 118,622 million yen; net assets rose by 2,040 million yen.

• Capital expenditures for Q3 cumulative reached 9,452 million yen, up from 7,687 million yen a year earlier.

• EPS for the period was 280.64 yen, up from 232.74 yen in the prior year.

Outlook and guidance

• Full-year revenue is forecast at 40,047 million yen (up 6.7% year-over-year), with operating profit of 12,341 million yen (down 7.8%) and net profit of 8,674 million yen (up 2.6%).

• No changes to previously announced full-year guidance.