AR advanced technology,Inc., 29% Increase in Ordinary Profit, Record High for The First Time in Two Years

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Fri Oct 11, 2024 4:30 pm JST Earnings

5578 AR advanced technology,Inc. 【J-GAAP】

Earnings Report

AR advanced technology,Inc. <5578> [TSE-G] announced its financial results after the market closed on October 11th (16:30). The consolidated ordinary profit for the fiscal year ending August 2024 decreased by 12.7% from the previous period to 448 million yen. For the fiscal year ending August 2025, the profit is expected to expand to 29.5% to 580 million yenExpected to reach record high profits for the first time in two years. This will be the fifth consecutive term of revenue growth.

In the most recent three-month period, from June to August (4Q), the consolidated ordinary profit grew by 27.3% from the same period last year, reaching 154 million yen. However, the operating profit margin remained almost flat, changing from 4.9% in the same period last year to 4.9%.

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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, 2023	10,162	528	513	319	104.7	20	Oct 13, 2023	J-GAAP
Aug, 2024	11,129	421	448	275	83.2	0	Oct 11, 2024	J-GAAP
YoY	+9.5%	-20.3%	-12.7%	-13.8%	-20.6%

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	11,622	575	570	362	108.2	0	Oct 13, 2023	J-GAAP
Aug, 2024 Results	11,129	421	448	275	83.2	0	Oct 11, 2024	J-GAAP
Revision Rate	-4.2%	-26.8%	-21.4%	-24.0%	-23.1%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	5,471	217	222	134	41.0	0	Apr 12, 2024	J-GAAP
Sep - Feb, 2024 Guidance	5,508	49	32	3	0.9	0	Oct 11, 2024	J-GAAP
YoY	+0.7%	-77.4%	-85.6%	-97.8%	-97.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2023	10,162	528	513	319	104.7	20	Oct 13, 2023	J-GAAP
Aug, 2024	11,129	421	448	275	83.2	0	Oct 11, 2024	J-GAAP
Aug, 2025 Guidance	12,239	609	580	325	100.7	0	Oct 11, 2024	J-GAAP
YoY	+10.0%	+44.7%	+29.5%	+18.2%	+21.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	2,700	132	121	68	22.3	4.9	Oct 13, 2023	J-GAAP
Sep - Nov, 2023	2,767	139	145	97	29.8	5.0	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	2,704	78	77	37	11.3	2.9	Apr 12, 2024	J-GAAP
Mar - May, 2024	2,881	69	72	43	13.1	2.4	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	2,777	135	154	98	29.6	4.9	Oct 11, 2024	J-GAAP
YoY	+2.9%	+2.3%	+27.3%	+44.1%	+32.8%