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ASKA CORPORATION, December-August (Third Quarter Cumulative) Ordinary Profit Decreases by 5%, June-Augus Ordinary Profit Decreases by 51%

Wed Sep 25, 2024 3:00 pm JST Earnings

7227 ASKA CORPORATION 【J-GAAP】

Earnings Report

ASKA CORPORATION <7227> [NSE-M] announced its financial results in the afternoon session on September 25th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending November 2024 (December 2023 to August 2024) decreased by 5.2% from the same period last year to 1.35 billion yen. However, this progress accounts for 87.7% of the full-year plan of 1.55 billion yen, also surpassing the five-year average of 63.9%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the September to November period (4Q) is expected to significant drop by 68.5% from the same period last year to 191 million yen.

In the most recent three-month period, from June to August (3Q), the consolidated ordinary profit significantly dropped to 249 million yen, a 51.3% decrease compared to the same period last year. The operating profit margin worsened from 3.4% in the same period last year to 2.2%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Dec - Aug, 2021 22,659 391 708 572 100.3 54.6 Sep 27, 2022 J-GAAP
Dec - Aug, 2022 32,846 1,205 1,434 902 158.0 70.3 Sep 26, 2023 J-GAAP
Dec - Aug, 2023 33,107 1,233 1,359 1,105 193.7 87.7 Sep 25, 2024 J-GAAP
YoY +0.8% +2.3% -5.2% +22.5% +22.6%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2023 23,878 897 1,118 845 148.1 44 Jan 11, 2024 J-GAAP
Jun - Nov, 2024 Guidance 23,087 494 440 329 57.6 26 Jun 26, 2024 J-GAAP
YoY -3.3% -44.9% -60.6% -61.1% -61.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2022 33,473 881 1,297 1,068 187.1 38 Jan 12, 2023 J-GAAP
Nov, 2023 45,433 1,722 2,041 1,403 245.9 60 Jan 11, 2024 J-GAAP
Nov, 2024 Guidance 46,000 1,500 1,550 1,250 218.9 44 Mar 26, 2024 J-GAAP
YoY +1.2% -12.9% -24.1% -10.9% -11.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 11,291 380 511 344 60.3 3.4 Sep 26, 2023 J-GAAP
Sep - Nov, 2023 12,587 517 607 501 87.8 4.1 Jan 11, 2024 J-GAAP
Dec - Feb, 2023 12,325 567 621 579 101.5 4.6 Mar 26, 2024 J-GAAP
Mar - May, 2024 10,588 439 489 342 59.9 4.1 Jun 26, 2024 J-GAAP
Jun - Aug, 2024 10,194 227 249 184 32.3 2.2 Sep 25, 2024 J-GAAP
YoY -9.7% -40.3% -51.3% -46.5% -46.5%

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