Tomoe Corporation sees steep 93.3% net income drop in Q2

Tomoe Corporation reported a consolidated net income attributable to owners of parent of JPY 903 million for the second quarter of the fiscal year ending March 2026 (April 1 to September 30, 2024). This marks a substantial 93.3% decrease from the JPY 13,448 million reported in the same period last year. Revenue also saw a decline, falling 24.1% to JPY 12,724 million compared to JPY 16,754 million year-over-year. Operating profit decreased by 35.9% to JPY 1,180 million, and ordinary profit fell by 25.4% to JPY 1,672 million.

Despite the downturn in profitability, the company's financial health showed improvement in some areas. Total assets decreased slightly to JPY 115,498 million from JPY 116,489 million at the end of the previous fiscal year. Equity attributable to owners of parent increased, leading to a self-capital ratio of 58.8% for the interim period, up from 53.5% at the end of the previous fiscal year.

The company's full-year consolidated earnings forecast for the fiscal year ending March 2026 remains unchanged from the announcement made on May 14, 2024, projecting a full-year ordinary profit of JPY 3,700 million and net income attributable to owners of parent of JPY 2,100 million.