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ASAHI KAGAKU KOGYO CO.,LTD, 1% Decrease in Ordinary Profit for The Current Fiscal Year

Fri Oct 11, 2024 4:00 pm JST Earnings

7928 ASAHI KAGAKU KOGYO CO.,LTD 【J-GAAP】

Earnings Report

ASAHI KAGAKU KOGYO CO.,LTD <7928> [TSE-S] announced its financial results after the market closed on October 11th (16:00). The consolidated ordinary profit for the fiscal year ending August 2024 dropped by 34.8% from the previous period to 182 million yen. For the fiscal year ending August 2025, the profit is expected to decrease by 1.1% from the previous period to 180 million yen. This will be the fourth consecutive term of declining profits.

At the same time, the company has left the annual dividend for the current term undetermined.

In the most recent three-month period, from June to August (4Q), the consolidated ordinary profit dropped to 40 million yen, a 45.9% decrease compared to the same period last year. However, the operating profit margin improved from 0.8% in the same period last year to 2.1%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2022 10,720 527 662 389 121.2 28 Oct 11, 2022 J-GAAP
Aug, 2023 8,663 169 279 23 7.4 13 Oct 13, 2023 J-GAAP
Aug, 2024 8,340 37 182 93 30.0 12 Oct 11, 2024 J-GAAP
YoY -3.7% -78.1% -34.8% +304.3% +307.9%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2024 Guidance 7,700 5 150 110 35.2 12 Apr 12, 2024 J-GAAP
Aug, 2024 Results 8,340 37 182 93 30.0 12 Oct 11, 2024 J-GAAP
Revision Rate +8.3% +640.0% +21.3% -15.5% -14.8%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 3,811 -28 29 23 7.6 5 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 4,300 20 55 10 3.2 5 Oct 11, 2024 J-GAAP
YoY +12.8% +89.7% -56.5% -58.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2023 8,663 169 279 23 7.4 13 Oct 13, 2023 J-GAAP
Aug, 2024 8,340 37 182 93 30.0 12 Oct 11, 2024 J-GAAP
Aug, 2025 Guidance 8,500 70 180 100 32.0 Oct 11, 2024 J-GAAP
YoY +1.9% +89.2% -1.1% +7.5% +6.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 2,153 18 74 -74 -23.7 0.8 Oct 13, 2023 J-GAAP
Sep - Nov, 2023 2,032 -3 25 12 4.1 -0.1 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 1,779 -25 4 11 3.7 -1.4 Apr 12, 2024 J-GAAP
Mar - May, 2024 2,096 13 113 77 24.7 0.6 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 2,433 52 40 -7 -2.3 2.1 Oct 11, 2024 J-GAAP
YoY +13.0% +188.9% -45.9% +90.5% +90.4%

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