Toyo Gosei Co., Ltd.TSE: 4970

FY2024 2Q Financial Summary (from April 1, 2024 to September 30, 2024)

· Issued by Toyo Gosei Co., Ltd.

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

November 8, 2024

Non-consolidated Financial Results

for the Second Quarter of the Fiscal Year Ending March 31, 2025

(Under Japanese GAAP)

Company name:

TOYO GOSEI Co., Ltd.

Listing:

Tokyo Stock Exchange, Standard Market

Securities code:

4970

URL:

https://www.toyogosei.co.jp/

Representative:

Yujin Kimura, President and Representative Director

Inquiries:

Shiro Shinozaki, General Manager of Financial and Accounting Department

Telephone:

+81-3-5822-6170

Scheduled date to file semi-annual securities report:

November 11, 2024

Scheduled date to commence dividend payments:

December 6, 2024

Preparation of supplementary material on financial results:

Yes

Holding of financial results briefing:

Yes (for Institutional Investors and Analysts)

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Non-consolidated financial results for the Second Quarter of the Fiscal Year Ending March 31, 2025 (from April 1, 2024 to September 30, 2024)

(1) Non-consolidated operating results (cumulative)

(Percentages indicate year-on-year changes.)

Net sales

Operating profit

Ordinary profit

Profit

Six months ended

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

September 30, 2024

18,743

24.5

2,178

67.9

2,060

52.1

1,391

51.7

September 30, 2023

15,055

(14.2)

1,297

(54.5)

1,354

(58.7)

917

(59.2)

Basic earnings

Diluted earnings

per share

per share

Six months ended

Yen

Yen

September 30, 2024

175.27

-

September 30, 2023

115.54

-

(2) Non-consolidated financial position

Total assets

Net assets

Equity-to-asset ratio

As of

Millions of yen

Millions of yen

%

September 30, 2024

64,842

23,043

35.5

March 31, 2024

59,517

21,825

36.7

Reference: Equity

As of September 30, 2024:

¥23,043 million

As of March 31, 2024:

¥21,825 million

2. Cash dividends

Annual dividends per share

First quarter-end

Second quarter-end

Third quarter-end

Fiscal year-end

Total

Yen

Yen

Yen

Yen

Yen

Fiscal year ended

-

20.00

-

20.00

40.00

March 31, 2024

Fiscal year ending

-

20.00

March 31, 2025

Fiscal year ending

March 31, 2025

-

20.00

40.00

(Forecast)

Note: Revisions to the forecast of cash dividends most recently announced: None

3. Forecast of financial results for the fiscal year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)

(Percentages indicate year-on-year changes.)

Net sales

Operating profit

Ordinary profit

Profit

Basic earnings

per share

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Yen

Full year

38,200

19.5

3,600

2.5

3,500

3.1

2,500

4.3

314.99

Note: Revisions to the most recently announced earnings forecasts: None

* Notes

  1. Adoption of accounting treatment specific to the preparation of semi-annual non-consolidated financial statements: None
  2. Changes in accounting policies, changes in accounting estimates, and restatement
    1. Changes in accounting policies due to revisions to accounting standards and other regulations: None
    2. Changes in accounting policies due to other reasons: None
    3. Changes in accounting estimates: None
    4. Restatement: None
  3. Number of issued shares (common shares)
    1. Total number of issued shares at the end of the period (including treasury shares)

As of September 30, 2024

As of March 31, 2024

8,143,390 shares

8,143,390 shares

(ii) Number of treasury shares at the end of the period

As of September 30, 2024

As of March 31, 2024

206,564 shares

206,564 shares

  1. Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)

Six months ended September 30, 2024

Six months ended September 30, 2023

7,936,826 shares

7,936,888 shares

  • Semi-annualfinancial results reports are exempt from review conducted by certified public accountants or an audit firm.
  • Proper use of earnings forecasts, and other special matters

(Caution concerning statements, etc. regarding the future)

The forward-looking statements such as performance forecasts included in this document are based on the information available to the Company at the time of the announcement and on certain assumptions considered reasonable. Actual results may differ materially from the forecast depending on a range of factors.