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Adastria Co., Ltd., First Half Ordinary Profit Decreases by 3%

Mon Sep 30, 2024 3:00 pm JST Earnings

2685 and ST HD Co., Ltd. 【J-GAAP】

Earnings Report

Adastria Co., Ltd. <2685> [TSE-P] announced its financial results after the market closed on September 30th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) decreased by 3.0% from the same period last year to 10.3 billion yen. However, The progress rate against the 19 billion yen full-year plan was 54.3%, also surpassing the five-year average of 45.6%.

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 September to February period (second half) is expected to grow by 12.1% from the same period last year, reaching 8.68 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit decreased to 4.02 billion yen, a 6.1% decrease compared to the same period last year. The operating profit margin worsened from 6.3% in the same period last year to 5.6%.

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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
Mar - Aug, 2022 112,578 5,570 6,157 3,893 86.0 51.2 Oct 7, 2022 J-GAAP
Mar - Aug, 2023 132,896 10,311 10,639 7,094 156.2 57.9 Sep 29, 2023 J-GAAP
Mar - Aug, 2024 144,203 9,895 10,297 6,939 151.7 54.2 Sep 30, 2024 J-GAAP
YoY +8.5% -4.0% -3.2% -2.2% -2.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance ー ー ー ー － 35 Apr 4, 2024 J-GAAP
Mar - Aug, 2024 Results 144,203 9,895 10,297 6,939 151.7 35 Sep 30, 2024 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 142,700 7,704 7,750 6,419 141.4 50 Apr 4, 2024 J-GAAP
Sep - Feb, 2024 Guidance 145,797 9,105 8,703 5,761 124.5 55 Sep 30, 2024 J-GAAP
YoY +2.2% +18.2% +12.3% -10.3% -12.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 242,552 11,515 12,026 7,540 166.4 60 Apr 4, 2023 J-GAAP
Feb, 2024 275,596 18,015 18,389 13,513 297.8 85 Apr 4, 2024 J-GAAP
Feb, 2025 Guidance 290,000 19,000 19,000 12,700 274.3 90 Apr 4, 2024 J-GAAP
YoY +5.2% +5.5% +3.3% -6.0% -7.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 64,418 4,033 4,290 2,630 57.9 6.3 Sep 29, 2023 J-GAAP
Sep - Nov, 2023 70,356 5,995 6,069 4,447 97.9 8.5 Dec 29, 2023 J-GAAP
Dec - Feb, 2023 72,344 1,709 1,681 1,972 43.5 2.4 Apr 4, 2024 J-GAAP
Mar - May, 2024 74,001 6,014 6,288 4,405 97.3 8.1 Jun 28, 2024 J-GAAP
Jun - Aug, 2024 70,202 3,881 4,009 2,534 55.4 5.5 Sep 30, 2024 J-GAAP
YoY +9.0% -3.8% -6.6% -3.7% -4.3%

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