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Ascentech K.K., The Current Fiscal Year Ordinary Profit Revised Upward by 12%, Exceeded record profit forecast

Wed Sep 11, 2024 3:00 pm JST Earnings

3565 Ascentech K.K. 【J-GAAP】

Earnings Report

Ascentech K.K. <3565> [TSE-S] announced its financial results after the market closed on September 11th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending January 2025 (February to July) increased by 24.4% from the previous period to 474 million yen.

The full-year consolidated ordinary profit has been revised upward by 11.8%, from the previous forecast of 850 million yen to 950 million yen (compared to 702 million yen in the previous period), increasing the growth rate from 21.1% to 35.3%. The company has further increased its previous forecast of record profits for the first time in three years.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the August to January period (second half) is expected to expand by 48.3% from the same period last year, reaching 476 million yen.

In the most recent three-month period, from May to July (2Q), the consolidated ordinary profit grew by 27.8% from the same period last year, reaching 239 million yen. However, the operating profit margin drastically worsened from 6.4% in the same period last year to 3.0%.

Kabutan News

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 3,059 335 366 254 19.0 59.3 Sep 14, 2022 J-GAAP
Feb - Jul, 2023 3,341 312 381 258 19.5 54.3 Sep 13, 2023 J-GAAP
Feb - Jul, 2024 5,750 241 474 325 24.5 49.9 Sep 11, 2024 J-GAAP
YoY +72.1% -22.8% +24.4% +26.0% +26.1%

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 4,600 355 460 315 23.7 0 Mar 15, 2024 J-GAAP
Feb - Jul, 2024 Results 5,750 241 474 325 24.5 0 Sep 11, 2024 J-GAAP
Revision Rate +25.0% -32.1% +3.0% +3.2% +3.4%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2025 Prev 8,000 745 850 580 41.5 10 Mar 15, 2024 J-GAAP
Jan, 2025 New 10,000 717 950 650 46.5 10 Sep 11, 2024 J-GAAP
Revision Rate +25.0% -3.8% +11.8% +12.1% +12.1%

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 2,885 295 321 222 16.8 10 Mar 15, 2024 J-GAAP
Aug - Jan, 2024 Guidance 4,250 476 476 325 23.3 10 Sep 11, 2024 J-GAAP
YoY +47.3% +61.4% +48.3% +46.4% +38.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2023 6,315 603 617 439 32.9 7 Mar 15, 2023 J-GAAP
Jan, 2024 6,226 607 702 480 36.2 10 Mar 15, 2024 J-GAAP
Jan, 2025 Guidance 10,000 717 950 650 46.5 10 Sep 11, 2024 J-GAAP
YoY +60.6% +18.1% +35.3% +35.4% +28.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 1,956 126 187 130 9.8 6.4 Sep 13, 2023 J-GAAP
Aug - Oct, 2023 1,388 136 153 127 9.6 9.8 Dec 13, 2023 J-GAAP
Nov - Jan, 2023 1,497 159 168 95 7.2 10.6 Mar 15, 2024 J-GAAP
Feb - Apr, 2024 2,843 153 235 162 12.3 5.4 Jun 14, 2024 J-GAAP
May - Jul, 2024 2,907 88 239 163 12.3 3.0 Sep 11, 2024 J-GAAP
YoY +48.6% -30.2% +27.8% +25.4% +25.5%

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