(English Translation of the Japanese Press Release) | |
October 29, 2024 | |
To all related parties: | |
Name of the Company: | TOMY Company, Ltd. |
Name of the Representative: | Akio Tomiyama |
Representative Director, President & COO | |
(Code No. 7867; Prime Market of the Tokyo Stock Exchange) | |
Further Inquiries: | Katsufumi Hirooka |
Executive Officer, | |
Head of Corporate Administrations | |
(TEL 03-5654-1548) |
Notice Concerning Consolidated Earnings Forecasts and Revisions of Dividend Forecasts
TOMY Company, Ltd. (hereinafter "Tomy") hereby provides notification that, in light of recent earnings and other factors, it
has revised its consolidated earnings forecasts and dividend forecasts, which were announced on May 14, 2024. The details are
as follows.
1. Revisions of consolidated earnings forecasts
- Consolidated earnings forecasts for the six months ended September 30, 2024 (April 1, 2024 to September 30, 2024)
Operating | Profit attributable to | Basic | |||
Net sales | Ordinary profit | earnings per | |||
profit | owners of parent | ||||
share | |||||
Previously announced | Millions of yen | Millions of yen | Millions of yen | Millions of yen | Yen |
forecast (A) | 110,000 | 9,000 | 8,700 | 6,000 | 65.90 |
Revised forecast (B) | 120,000 | 12,000 | 11,700 | 8,000 | 89.06 |
Increase (Decrease) (B-A) | 10,000 | 3,000 | 3,000 | 2,000 | - |
Increase (Decrease) | 9.1 | 33.3 | 34.5 | 33.3 | - |
percentage (%) | |||||
(Reference) Actual results | |||||
for the six months ended | 96,078 | 8,013 | 7,361 | 5,613 | 61.55 |
September 30, 2023 |
(2) Consolidated earnings forecasts for the fiscal year ending March 31, 2025 (April 1, 2024 to March 31, 2025)
Operating | Profit attributable to | Basic | |||
Net sales | Ordinary profit | earnings per | |||
profit | owners of parent | ||||
share | |||||
Previously announced | Millions of yen | Millions of yen | Millions of yen | Millions of yen | Yen |
forecast (A) | 230,000 | 20,000 | 19,500 | 12,500 | 137.30 |
Revised forecast (B) | 240,000 | 23,000 | 22,500 | 14,500 | 161.43 |
Increase (Decrease) (B-A) | 10,000 | 3,000 | 3,000 | 2,000 | - |
Increase (Decrease) | 4.3 | 15.0 | 15.4 | 16.0 | - |
percentage (%) | |||||
(Reference) Actual results | |||||
for the fiscal year ended | 208,326 | 18,818 | 17,807 | 9,808 | 107.73 |
March 31, 2024 | |||||
- Reasons for revisions
Reasons for revisions of consolidated earnings forecasts for the six months ended September 30, 2024
In the financial results for the six months ended September 30, 2024, at TOMY Company, long-selling brands, such as TOMICA performed well, and sales expanded thanks to such events as the commencement of exporting to North America and Europe of BEYBLADE X from the first quarter, whose sales were launched in Japan and Asia in July last year. At T-ARTS Company, sales of plush toys and GACHA capsule toys increased, and at KIDDY LAND, the flagship stores of Harajuku Store, Umeda Store, etc., the character specialty stores, and activity staging and development performed well, providing a continued strong performance for the Japan segment. The Asia segment also saw robust sales, particularly for the TOMICA brand. As a result, net sales are expected to surpass the previously announced forecast. The items of profit are also expected to exceed the previously announced forecasts, partly owing to the growth in gross profit accompanying the increase in net sales. Consequently, for the six months ended September 30, 2024, record highs are expected for net sales and each item of profit.
Reasons for revisions of consolidated earnings forecasts for the fiscal year ending March 31, 2025
For the full fiscal year, at this moment, revisions have been made to the previously announced forecast to reflect only the upward revisions made to the six months ended September 30, 2024, it is necessary to spend some time studying how the current trends will affect the third and fourth quarters, particularly the peak season around the end of the year, which is the largest peak season. Accordingly, the Company has upwardly revised net sales and the profit items from the previously announced forecast.
2. Revisions of dividend forecasts
Annual dividends | |||
Second quarter-end | Year-end | Total | |
Previous forecast | ¥24.00 | ¥24.00 | ¥48.00 |
(May 14, 2024) | |||
Revised forecast | ¥28.00 | ¥28.00 | ¥56.00 |
Results for the fiscal year | - | - | - |
ending March 31, 2025 | |||
Results for the fiscal year | ¥32.50 | ¥50.00 | |
¥17.50 | (ordinary dividend of ¥24.50) | (ordinary dividend of ¥42.00) | |
ended March 31, 2024 | |||
(commemorative dividend of ¥8.00) | (commemorative dividend of ¥8.00) | ||
Reasons for revisions
As stated above in the revisions of consolidated earnings forecasts, for the six months ended September 30, 2024, the Company expects to record profit attributable to owners of parent of ¥8,000 million, up ¥2,000 million from the previously announced forecast. In conjunction with the increase in profit and in accordance with the new shareholder return policy announced on May 14, 2024, the Company has upwardly revised its forecasts for the second quarter-end dividend and the year-end dividend, increasing the expected payment by ¥4 from ¥24 per share to ¥28 per share for each dividend. Accordingly the forecast for annual dividends has been changed to ¥56 per share.
Note concerning forecasts of earnings, etc.
The forecast values that Tomy presents in this material have been determined based on information currently available to Tomy and are subject to a number of uncertainties. Accordingly, actual results may differ from the forecasted values due to the effect of future events.