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

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%

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