AMIYAKI TEI CO.,LTD., First Half Ordinary Profit Increases by 42%

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Wed Oct 2, 2024 9:00 am JST Earnings

2753 AMIYAKI TEI CO.,LTD. 【J-GAAP】

Earnings Report

AMIYAKI TEI CO.,LTD. <2753> [TSE-P] announced its financial results in the morning on October 2nd (09:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 1.38 billion yen, an increase of 41.7% compared to the same period last year. However, The progress rate against the 2.8 billion yen full-year plan was 49.4%, almost the same as the five-year average of 47.7%.

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 October to March period (second half) is expected to grow by 6.1% from the same period last year, reaching 1.41 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 668 million yen, a 1.6% decrease compared to the same period last year. The operating profit margin worsened from 7.9% in the same period last year to 7.4%.

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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
Apr - Sep, 2022	13,644	-56	177	-87	-4.3	25.2	Oct 3, 2022	J-GAAP
Apr - Sep, 2023	15,990	946	976	536	26.1	42.2	Oct 2, 2023	J-GAAP
Apr - Sep, 2024	17,584	1,348	1,383	819	39.9	49.4	Oct 2, 2024	J-GAAP
YoY	+10.0%	+42.5%	+41.7%	+52.8%	+52.9%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	18,200	1,252	1,278	744	36.2	17	May 20, 2024	J-GAAP
Apr - Sep, 2024 Results	17,584	1,348	1,383	819	39.9	17	Oct 2, 2024	J-GAAP
Revision Rate	-3.4%	+7.7%	+8.2%	+10.1%	+10.2%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	17,277	1,275	1,335	771	37.5	16.67	Apr 2, 2024	J-GAAP
Oct - Mar, 2024 Guidance	19,816	1,372	1,417	831	40.5	17	Oct 2, 2024	J-GAAP
YoY	+14.7%	+7.6%	+6.1%	+7.8%	+7.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	28,538	422	701	132	6.4	13.33	Apr 3, 2023	J-GAAP
Mar, 2024	33,267	2,221	2,311	1,307	63.6	30	Apr 2, 2024	J-GAAP
Mar, 2025 Guidance	37,400	2,720	2,800	1,650	80.3	34	May 20, 2024	J-GAAP
YoY	+12.4%	+22.5%	+21.2%	+26.2%	+26.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	8,384	663	679	360	17.5	7.9	Oct 2, 2023	J-GAAP
Oct - Dec, 2023	8,204	428	455	239	11.6	5.2	Jan 4, 2024	J-GAAP
Jan - Mar, 2024	9,073	847	880	532	25.9	9.3	Apr 2, 2024	J-GAAP
Apr - Jun, 2024	8,741	693	715	426	20.7	7.9	Jul 3, 2024	J-GAAP
Jul - Sep, 2024	8,843	655	668	393	19.2	7.4	Oct 2, 2024	J-GAAP
YoY	+5.5%	-1.2%	-1.6%	+9.2%	+9.2%