EarningsQ2 2024 Earnings Report

Toppan Printing Co (7911N) Q2 2024 Earnings Report

0 Followers

Previous Report: Q1 2024

Next Report: Q3 2024

MX:7911N Q2 2024 EPS Results

Actual EPS$4.33

Consensus EPS―

Beat/Miss―

One Year Ago EPS$1.55

MX:7911N Q2 2024 Revenue Results

Actual Revenue$50.30B

Expected Revenue$49.64B

Beat/MissBeat by +$664.11M

YoY Revenue Growth+2.26%

Earnings Announcement Details

QuarterQ2 2024

Date11/13/2024

TimeTBA

Conference CallWednesday, November 13, 2024

MX:7911N Upcoming Earnings

Toppan Printing Co's next earnings date is estimated for November 13, 2026, based on past reporting schedules.

Q2 2024 Earnings Call Audio

No earnings call audio is available for this earnings event.

Q2 2024 Earnings Slide Deck

Q2 2024 Earnings Call Summary

Q2 2024

Earnings Call Date:Nov 13, 2024|

% Change Since:

Earnings Call Sentiment|Neutral

The earnings call presented a mix of positive and negative aspects. While the semiconductor segment showed significant growth and there was an improvement in cash flow, the overall decline in profit and challenges in the Information & Communications segment are concerning. The strategic reduction of shareholdings and confidence in achieving full-year targets provide a positive outlook.

Company Guidance

During the earnings call for the first half of fiscal 2023, the company reported a slight decline in net sales by 0.2% year-on-year to JPY 800.2 billion, with operating profit decreasing by 11.4% to JPY 25.3 billion. Ordinary profit fell by 13.4% to JPY 32.5 billion, and profit attributable to owners of the parent plunged by 66.1% to JPY 18 billion. Despite these declines, the semiconductor segment saw a significant profit boost of JPY 7.4 billion, driven by increased sales of FC-BGA substrates and photomasks. The Information & Communications segment experienced a 2.4% drop in sales to JPY 414 billion, with operating profit down 7.8% to JPY 11 billion. Conversely, the Electronics business segment reported a 4.1% increase in sales to JPY 133.8 billion and a 7.4% rise in operating profit to JPY 22.4 billion. The company maintained a positive outlook for the full fiscal year, revising the profit attributable to owners of the parent upwards to JPY 68 billion, influenced by currency fluctuations and strategic business expansions. They also announced cash flow from operating activities at JPY 65.2 billion, a year-on-year increase of JPY 26.7 billion, and a free cash flow of JPY 32.7 billion.

Growth in Semiconductor Segment

Semiconductor profits expanded by JPY 7.4 billion, led mainly by FC-BGA and photomasks. Sales of FC-BGA substrates and photomasks increased significantly.

Cash Flow Improvement

Cash flow from operating activities was JPY 65.2 billion, a JPY 26.7 billion increase year-on-year.

Increased Electronics Business Performance

Sales increased by 4.1% year-on-year to JPY 133.8 billion, and operating profit increased by 7.4% to JPY 22.4 billion in the Electronics business segment.

Positive Outlook for Full Year

Confidence in achieving the revised full year operating profit target of JPY 78 billion, with no major changes in overall profit composition.

Strategic Shareholdings Reduction

Reduction in strategic shareholdings is proceeding as planned, with the value of divestments since April 2018 exceeding JPY 400 billion.

MX:7911N Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Nov 13, 2026	2026 (Q2)	2.43 / -	4.263	―
Aug 12, 2026	2026 (Q1)	2.78 / 4.58	1.932	137.24% (+2.65)
May 14, 2026	2025 (Q4)	1.09 / 1.44	3.445	-58.33% (-2.01)
Feb 13, 2026	2025 (Q3)	- / 5.91	7.964	-25.84% (-2.06)
Nov 13, 2025	2025 (Q2)	- / 4.26	4.332	-1.58% (-0.07)
Aug 08, 2025	2025 (Q1)	- / 1.93	1.904	1.47% (+0.03)
May 14, 2025	2024 (Q4)	- / 3.45	6.288	-45.21% (-2.84)
Feb 13, 2025	2024 (Q3)	- / 7.96	7.339	8.52% (+0.63)
Nov 13, 2024	2024 (Q2)	- / 4.33	1.552	179.14% (+2.78)
Aug 09, 2024	2024 (Q1)	- / 1.90	1.764	7.94% (+0.14)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed