AZEARTH Corporation, 1Q (May-July) Ordinary Profit Decreases by 81%

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Wed Sep 11, 2024 3:30 pm JST Earnings

3161 AZEARTH Corporation 【J-GAAP】

Earnings Report

AZEARTH Corporation <3161> [TSE-S] announced its financial results after the market closed on September 11th (15:30). The consolidated ordinary profit for the first quarter of the fiscal year ending April 2025 (May to July) significantly dropped by 81.2% from the same period last year to 16 million yen. This progress accounts for 18.8% of the plan for the six months ending October (first half) of 85 million yen, also falling below the five-year average of 41.0%.

In the most recent three-month period, from May to July (1Q), the operating profit margin drastically worsened from 3.7% in the same period last year to 0.6%.

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Actual Results

Accumulated Results 1st Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
May - Jul, 2022	1,888	3	10	0	0.1	8.6	Sep 9, 2022	J-GAAP
May - Jul, 2023	2,119	78	85	55	9.9	52.8	Sep 13, 2023	J-GAAP
May - Jul, 2024	1,850	11	16	18	3.3	18.8	Sep 11, 2024	J-GAAP
YoY	-12.7%	-85.9%	-81.2%	-67.3%	-67.1%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May - Oct, 2023	4,129	150	161	105	18.5	0	Dec 13, 2023	J-GAAP
May - Oct, 2024 Guidance	4,034	82	85	53	9.3	0	Jun 13, 2024	J-GAAP
YoY	-2.3%	-45.3%	-47.2%	-49.5%	-49.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr, 2023	9,081	531	562	406	72.0	22	Jun 13, 2023	J-GAAP
Apr, 2024	8,242	291	308	187	33.0	23	Jun 13, 2024	J-GAAP
Apr, 2025 Guidance	9,029	454	461	310	54.4	23	Jun 13, 2024	J-GAAP
YoY	+9.5%	+56.0%	+49.7%	+65.8%	+64.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
May - Jul, 2023	2,119	78	85	55	9.9	3.7	Sep 13, 2023	J-GAAP
Aug - Oct, 2023	2,010	72	76	50	8.8	3.6	Dec 13, 2023	J-GAAP
Nov - Jan, 2023	1,981	83	84	52	9.2	4.2	Mar 13, 2024	J-GAAP
Feb - Apr, 2024	2,132	58	63	30	5.3	2.7	Jun 13, 2024	J-GAAP
May - Jul, 2024	1,850	11	16	18	3.3	0.6	Sep 11, 2024	J-GAAP
YoY	-12.7%	-85.9%	-81.2%	-67.3%	-67.1%