AIT CORPORATION, First Half Ordinary Profit Unexpectedly Revised Upward by 0.3％

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Thu Oct 10, 2024 12:00 pm JST Earnings

9381 AIT CORPORATION 【J-GAAP】

Earnings Report

AIT CORPORATION <9381> [TSE-P] announced its financial results at noon (12:00) on October 10th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) was 2.34 billion yen, a 0.3% increase compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 9.2% decrease.

The progress rate against the 4.75 billion yen full-year plan was 49.3%, almost the same as the five-year average of 46.8%.

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 9.4% from the same period last year, reaching 2.4 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit amounted to 1.15 billion yen, a 1.2% decrease compared to the same period last year. The operating profit margin worsened from 8.7% 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
Mar - Aug, 2022	35,744	2,754	2,805	1,873	79.8	50.0	Oct 12, 2022	J-GAAP
Mar - Aug, 2023	25,324	2,204	2,334	1,545	65.8	51.5	Oct 12, 2023	J-GAAP
Mar - Aug, 2024	26,156	2,127	2,341	1,510	64.3	49.3	Oct 10, 2024	J-GAAP
YoY	+3.3%	-3.5%	+0.3%	-2.3%	-2.2%

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	26,700	2,000	2,120	1,430	60.9	40	Apr 15, 2024	J-GAAP
Mar - Aug, 2024 Results	26,156	2,127	2,341	1,510	64.3	40	Oct 10, 2024	J-GAAP
Revision Rate	-2.0%	+6.4%	+10.4%	+5.6%	+5.6%

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	26,076	2,124	2,202	1,444	61.5	40	Apr 15, 2024	J-GAAP
Sep - Feb, 2024 Guidance	29,444	2,373	2,409	1,730	73.6	40	Oct 10, 2024	J-GAAP
YoY	+12.9%	+11.7%	+9.4%	+19.8%	+19.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	69,463	5,288	5,605	3,684	156.9	80	Apr 13, 2023	J-GAAP
Feb, 2024	51,400	4,328	4,536	2,989	127.2	80	Apr 15, 2024	J-GAAP
Feb, 2025 Guidance	55,600	4,500	4,750	3,240	137.9	80	Apr 15, 2024	J-GAAP
YoY	+8.2%	+4.0%	+4.7%	+8.4%	+8.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	12,106	1,052	1,171	779	33.2	8.7	Oct 12, 2023	J-GAAP
Sep - Nov, 2023	14,175	1,362	1,404	931	39.6	9.6	Jan 11, 2024	J-GAAP
Dec - Feb, 2023	11,901	762	798	513	21.8	6.4	Apr 15, 2024	J-GAAP
Mar - May, 2024	12,879	1,143	1,184	761	32.4	8.9	Jul 16, 2024	J-GAAP
Jun - Aug, 2024	13,277	984	1,157	749	31.9	7.4	Oct 10, 2024	J-GAAP
YoY	+9.7%	-6.5%	-1.2%	-3.9%	-3.8%