Torishima Pump Mfg.co., Ltd.TSE: 6363

Consolidated Financial Results for the 3rd quarter of FY2024

Feb 13, 2025 at 6:56 AM UTC · Issued by Torishima Pump Mfg.co., Ltd.

RESULTS OF OPERATIONS FOR

THE THIRD QUARTER ENDED DECEMBER 31, 2024 (CONSOLIDATED)

Listed company name:

(Japanese GAAP)

February 13, 2025

Torishima Pump Mfg. Co., Ltd.

Stock exchange listings:

Tokyo

URL:http://www.torishima.co.jp/en

Code number:

6363

Representative:

Kotaro Harada, CEO

Contact person:

Ko Kaneko, General Manager of Finance & Accounting Division

Phone:

+81-72-695-0551

－

Scheduled date of filing quarterly financial statements:

Preparing supplementary material on quarterly financial results: Yes

Holding quarterly financial results presentation meeting:

Note: The amounts are rounded down to the nearest million.

1. Consolidated financial results of the third quarter ended December 31, 2024 (April 1, 2024 through

(1) Operating results

Dec. 31, 2024)

(Millions of yen)

Net sales

Operating income

Ordinary income

Net income

attributable to

owners of parent

Third quarter ended

59,689

3.2

2,801

△31.2

2,430

△24.9

2,515

5.8

Dec. 31, 2024

Third quarter ended

57,822

42.4

4,073

75.4

3,236

55.3

2,377

66.4

Dec. 31, 2023

Note: Comprehensive

income: (Nine months

ended Dec. 31, 2024)

¥ 2,621 million (△49.6%)

(Nine months ended Dec. 31, 2023) ¥ 5,208 million (45.0%)

Net income per share

Net income per share-Diluted

Third quarter ended Dec. 31, 2024

Yen

94.61

94.37

Third quarter ended Dec. 31, 2023

89.62

89.38

(2) Financial position

(Millions of yen)

Dec. 31, 2024

Total assets

Net assets

Equity ratio

8 606

49 0

March 31, 2024

101,560

52,632

51.4

Reference: Shareholders' equity: (Dec. 31, 2024)¥ 53,179

million

(March 31, 2024)

¥ 52,228 million

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2. Dividends

Dividends per share

End of 1Q

End of 2Q

End of 3Q

Fiscal year end

Annual

FY2024

Yen

30.00

58.00

Note: Revision of forecast for dividend

during this quarter:

FY2024(Forecast)

30.00

60.00

3. Forecast for the fiscal year ending March 31, 2025

Net income

(Millions of yen)

Net sales

Operating income

Ordinary income

attributable to

Net income per share

owners of parent

Annual 88,000

5,500

4,800

Yen

8.5 6,200

△9.1

△12.7

△22.9

179.24

Note1: % represents percentage change from a previous year

Note2: Revision of the forecast during this quarter: No

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Consolidated quarterly financial statement		(Millions of yen)
(1) Consolidated quarterly balance sheet
Assets	As of March 31, 2024	As of December 31, 2024
Current assets
Cash and deposits	13,402	15,736
contractNotes andassetsaccounts receivable - trade, and	35,421	32,505
Merchandise and finished goods	403	505
Work in process	12,564	16,816
Raw materials and supplies	2,943	2,940
Advance payments to suppliers	1,866	1,746
Other	2,746	3,929
Allowance for doubtful accounts	△990	△822
Total current assets	68,357	73,359
Non-current assets
Property, plant and equipment	17,993	19,272
Intangible assets	672	1,003
Investments and other assets
Investment securities	11,526	11,789
Other	4,010	4,184
Allowance for doubtful accounts	△1,000	△1,002
Total investments and other assets	14,536	14,971
Total non-current assets	33,202	35,247
Total assets		101,560	108,606

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			(Millions of yen)
Liabilities	As of March 31, 2024	As of December 31, 2024
Current liabilities
Notes and accounts payable - trade	11,845	8,696
Short-term borrowings	5,613	8,760
Income taxes payable	1,324	392
Contract liabilities	6,542	6,907
Provision for bonuses	1,119	601
Provision for product warranties	1,215	1,049
Provision for loss on construction contracts	900	912
Other	6,073	7,295
Total current liabilities	34,634	34,616
Non-current liabilities
Long-term borrowings	9,211	15,100
Deferred tax liabilities	2,476	2,545
directorsProvision(andfor retirothementr officers)benefits for	7	－

Retirement benefit liability	400	400
Other	2,197	2,297
Total non-current liabilities	14,294	20,342
Total liabilities	48,928	54,959
Net assets
Shareholders' equity
Share capital	1,592	1,592
Capital surplus	6,369	6,419
Retained earnings	38,546	39,364
Treasury shares	△1,863	△1,811
Total shareholders' equity	44,644	45,566
Accumulated other comprehensive income
secValuationritiesdifference on available-for-sale	4,344	4,604
Deferred gains or losses on hedges	△999	△1,250
Foreign currency translation adjustment	2,955	3,088
Remeasurements of defined benefit plans	1,283	1,170
incomeTotal accumulated other comprehensive	7,584	7,613
Share acquisition rights	77	72
Non-controlling interests	326	395
Total net assets	52,632	53,647
Total liabilities and net assets		101,560	108,606

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(2) Consolidated quarterly statement of income (April 1 - December 31, 2024)

				(Millions of yen)
	Nin	onths ended	Nin	onths ended
	December 31, 2023	December 31, 2024
Net sales	57,822		59,689
Cost of sales	41,886		43,579
Gross profit		15,935		16,110
Selling, general and administrative expenses		11,862		13,308
Operating profit		4,073		2,801

Non-operating income

Dividend income

equityShare methof prodfit of entities accounted for using Rental income

Insurance claim income

Gain on sale of non-current assets

Other

Total non-operating income

Non-operating expenses

Interest expenses

Foreign exchange losses

Loss on retirement of non-current assets Other

Total non-operating expenses

Ordinary profit

Extraordinary income

Gain on sale of investment securities

Gain on step acquisitions

265	313
128	75
86	87
2	2
93	28
199	241
777	749
91	127
1,424	924
53	8
45	59
1,614	1,120
3,236－	2,430
238	1,020
	－

Total extraordinary income	238	1,020
Extraordinary losses		－
Loss on disposal of non-current assets	59	－
Total extraordinary losses	59
Profit before income taxes	3,415	3,450
Income taxes	965	877
Profit	2,450	2,573
Profit attributable to non-controlling interests	72	57
Profit attributable to owners of parent		2,377	2,515

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(3) Consolidated quarterly statement of comprehensive income (April 1 - December 31, 2024)

			(Millions of yen)
	Nin	onths ended	Nin onths ended
	December 31, 2023	December 31, 2024
Profit	2,450	2,573
Other comprehensive income
secValuationritiesdifference on available-for-sale		1,382	259
Deferred gains or losses on hedges		173	△250
Foreign currency translation adjustment	1,284	152
taxRemeasurements of defined benefit plans, net of	△83	△113
accountedShare of otherfor usingcomprehensiveequity methodincome of entities		1	△0
Total other comprehensive income		2,758	47
Comprehensive income		5,208	2,621
Comprehensive income attributable to
parentComprehensive income attributable to owners of		5,116	2,544
nConmprehensive-controllinginterestscome attributable to		92	76

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3. Additional information
(1) Orders received and sales
Orders received and sales by demand category				(Millions of yen)
Orders received
	From April 1, 2023	From April 1, 2024		Year-on-year
	to December 31, 2023	to December 31, 2024		comparison
Public	13,965		22.0%	20,524	27.3%	6,558	47.0%
Private	7,955		12.5%	8,371	11.1%		416		5.2%
Overseas	41,578		65.5%	46,356	61.6%	4,778	11.5%
Total	63,499		100.0%	75,253	100.0%	11,753	18.5%
Sales								(Millions of yen)
	From April 1, 2023	From April 1, 2024		Year-on-year
	to December 31, 2023	to December 31, 2024		comparison
Public	9,531		16.5%	11,107		18.6%	1,576		16.5%
Private	8,855		15.3%	8,213		13.8%	△	642		△	7.3%

Overseas	39,435		68.2%	40,368		67.6%		933		2.4%
Total	57,822		100.0%	59,689		100.0%	1,867		3.2%
Orders backlog							(Millions of yen)
	From April 1, 2023	From April 1, 2024		Year-on-year
	to December 31, 2023	to December 31, 2024		comparison
Public	25,414		27.1%	35,930	32.4%	10,515	41.4%
Private	9,599		10.2%	9,908	9.0%		308		3.2%
Overseas	58,949		62.7%	64,863	58.6%	5,914	10.0%
Total	93,963		100.0%	110,701	100.0%	16,738	17.8%

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