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ACCESS CO., LTD., First Half Ordinary Profit Loss Narrows

Fri Aug 30, 2024 3:00 pm JST Earnings

4813 ACCESS CO., LTD. 【J-GAAP】

Earnings Report

ACCESS CO., LTD. <4813> [TSE-P] announced its financial results after the market closed on August 30th (15:00). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending January 2025 (February to July) was a reduced loss of 321 million yen (compared to a loss of 1.03 billion yen in the same period last year), a reduction in the deficit from the previous forecast of a loss of 450 million yen.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the August to January period (second half) is expected to decrease by 24.5% from the same period last year to 771 million yen.

In the most recent three-month period, from May to July (2Q), the consolidated ordinary profit/loss turned to a profit of 425 million yen (compared to a loss of 1.4 billion yen in the same period last year). The operating profit/loss margin drastically improved from -52.5% in the same period last year to 5.2%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Feb - Jul, 2022 5,137 -2,012 -1,439 -1,532 -44.7 ー Aug 31, 2022 J-GAAP
Feb - Jul, 2023 6,926 -1,243 -1,191 -1,250 -29.0 ー Aug 31, 2023 J-GAAP
Feb - Jul, 2024 8,366 -653 -352 -495 -21.0 ー Aug 30, 2024 J-GAAP
YoY +20.8% +47.5% +70.4% +60.4% +27.6%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb - Jul, 2024 Guidance 8,000 -800 -450 -550 -14.6 － Jul 31, 2024 J-GAAP
Feb - Jul, 2024 Results 8,366 -653 -352 -495 -21.0 0 Aug 30, 2024 J-GAAP
Revision Rate +4.6% +18.4% +21.8% +10.0% -44.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2023 8,191 -734 -733 -981 -26.1 0 Mar 15, 2024 J-GAAP
Aug - Jan, 2024 Guidance 10,134 1,153 802 705 18.7 0 Aug 30, 2024 J-GAAP
YoY +23.7% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2023 13,006 -1,509 -904 -2,463 -69.9 0 Mar 13, 2023 J-GAAP
Jan, 2024 15,117 -1,977 -1,924 -2,231 -59.5 0 Mar 15, 2024 J-GAAP
Jan, 2025 Guidance 18,500 500 450 210 5.6 0 Mar 15, 2024 J-GAAP
YoY +22.4% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 3,364 -1,054 -1,011 -1,053 -24.4 -31.3 Aug 31, 2023 J-GAAP
Aug - Oct, 2023 3,799 -943 -888 -922 -24.6 -24.8 Nov 29, 2023 J-GAAP
Nov - Jan, 2023 4,392 209 155 -59 -1.6 4.8 Mar 15, 2024 J-GAAP
Feb - Apr, 2024 3,872 -405 -276 -320 -20.9 -10.5 May 31, 2024 J-GAAP
May - Jul, 2024 4,494 -248 -76 -175 -7.4 -5.5 Aug 30, 2024 J-GAAP
YoY +33.6% +76.5% +92.5% +83.4% +69.6%

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