January 14, 2025 | |
To Whom It May Concern | |
Company Name: | Toyo Denki Seizo K.K. |
Representative: | Akira Watanabe, President, Representative |
Director | |
(Stock Code: 6505 TSE Standard) | |
Inquiries: | Akihiro Otsuka, Operating Officer, General |
Manager, Corporate Planning Division | |
Tel.: +81-3-5202-8122 |
Notice on Differences between Consolidated Performance Forecast and Results for the Six Months Ended
November 30, 2024
Toyo Denki Seizo K.K. (hereinafter "Toyo Denki") hereby announces that there is a difference between the consolidated performance forecast for the six months ended November 30, 2024, disclosed on July 12, 2024, and the results for the same period disclosed today.
1. Differences between consolidated performance forecast and results for the six months ended November 30, 2024 (June 1, 2024, to November 30, 2024)
Profit | |||||||
Net sales | Operating | Ordinary profit | attributable to | Basic earnings | |||
profit | owners of | per share | |||||
parent | |||||||
Previous forecast (A) | Millions of yen | Millions of yen | Millions of yen | Millions of yen | Yen | ||
17,000 | 320 | 570 | 370 | 39.66 | |||
Results (B) | 19,015 | 762 | 987 | 800 | 86.24 | ||
Change (B - A) | 2,015 | 442 | 417 | 430 | |||
Change (%) | 11.9 | 138.2 | 73.3 | 116.4 | |||
(Reference) Results for | |||||||
the first six months of the | Millions of yen | Millions of yen | Millions of yen | Millions of yen | Yen | ||
previous fiscal year | |||||||
14,817 | 187 | 556 | 318 | 33.80 | |||
(six months ended | |||||||
November 30, 2023) | |||||||
2. Reason for the difference
Net sales exceeded the previous forecast, mainly due to production ahead of schedule in a large project for Indonesia in the Transportation Business. Operating profit exceeded the previous forecast mainly thanks to an increase in net sales. Ordinary profit and profit attributable to owners of parent were higher than the previous forecast, mainly due to an increase in operating profit, despite the recording of foreign exchange losses.
There is no change to the consolidated earnings forecast for the fiscal year ending May 31, 2025, but we will notify you as soon as possible if any revisions are necessary.