ARIGATOU SERVICES COMPANY,LIMITED, First Half Ordinary Profit Unexpectedly Revised Upward by 22%

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Tue Oct 15, 2024 1:00 pm JST Earnings

3177 ARIGATOU SERVICES COMPANY,LIMITED 【J-GAAP】

Earnings Report

ARIGATOU SERVICES COMPANY,LIMITED <3177> [TSE-S] announced its financial results in the afternoon session on October 15th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) increased by 21.8% from the same period last year, reaching 508 million yen, resulting in an increase in profits compared to the previous forecast of a 4.1% decrease.

The progress rate against the 835 million yen full-year plan was 60.8%, also surpassing the five-year average of 51.7%.

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 September to February period (second half) is expected to decrease by 19.9% from the same period last year to 327 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit increased by 50.7% from the same period last year, reaching 223 million yen. The operating profit margin improved from 5.7% in the same period last year to 8.1%.

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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	4,492	310	349	294	319.4	49.0	Oct 14, 2022	J-GAAP
Mar - Aug, 2023	4,708	361	417	265	287.8	50.5	Oct 13, 2023	J-GAAP
Mar - Aug, 2024	5,242	479	508	322	349.2	60.8	Oct 15, 2024	J-GAAP
YoY	+11.3%	+32.7%	+21.8%	+21.5%	+21.3%

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	4,798	368	400	268	290.3	0	Apr 12, 2024	J-GAAP
Mar - Aug, 2024 Results	5,242	479	508	322	349.2	－	Oct 15, 2024	J-GAAP
Revision Rate	+9.3%	+30.2%	+27.0%	+20.1%	+20.3%

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	5,022	365	408	93	101.0	125	Apr 12, 2024	J-GAAP
Sep - Feb, 2024 Guidance	4,608	255	327	40	43.3	125	Oct 15, 2024	J-GAAP
YoY	-8.2%	-30.1%	-19.9%	-57.0%	-57.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	9,185	611	712	295	320.2	110	Apr 14, 2023	J-GAAP
Feb, 2024	9,730	726	825	358	388.8	125	Apr 12, 2024	J-GAAP
Feb, 2025 Guidance	9,850	734	835	362	392.1	125	Apr 12, 2024	J-GAAP
YoY	+1.2%	+1.1%	+1.2%	+1.1%	+0.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	2,318	133	148	91	98.8	5.7	Oct 13, 2023	J-GAAP
Sep - Nov, 2023	2,339	106	117	60	65.1	4.5	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	2,683	259	291	33	35.8	9.7	Apr 12, 2024	J-GAAP
Mar - May, 2024	2,626	266	285	183	198.8	10.1	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	2,616	213	223	139	150.7	8.1	Oct 15, 2024	J-GAAP
YoY	+12.9%	+60.2%	+50.7%	+52.7%	+52.5%