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ADJUVANT HOLDINGS CO.,LTD., First Half Ordinary Profit Turns to Profit

Fri Oct 18, 2024 3:00 pm JST Earnings

4929 ADJUVANT HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

ADJUVANT HOLDINGS CO.,LTD. <4929> [TSE-S] announced its financial results after the market closed on October 18th (15:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 55 million yen (compared to a loss of 87 million yen in the same period last year), exceeded the previous forecast of 5 million yen.

The progress rate against the 163 million yen full-year plan was 33.7%, almost the same as the five-year average of 31.6%.

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 3.8% from the same period last year, reaching 108 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 31 million yen (compared to a loss of 60 million yen in the same period last year). The operating profit/loss margin drastically improved from -6.1% in the same period last year to 5.3%.

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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 2,171 33 65 207 26.0 24.5 Oct 21, 2022 J-GAAP
Apr - Sep, 2023 2,213 -92 -87 -140 -17.6 ー Oct 20, 2023 J-GAAP
Apr - Sep, 2024 2,079 55 55 18 2.3 33.7 Oct 18, 2024 J-GAAP
YoY -6.1% － － － －

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 2,247 5 5 -16 -2.0 0 Apr 19, 2024 J-GAAP
Apr - Sep, 2024 Results 2,079 55 55 18 2.3 0 Oct 18, 2024 J-GAAP
Revision Rate -7.5% +1,000.0% +1,000.0% － －

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 2,225 91 104 41 5.2 12 Apr 19, 2024 J-GAAP
Oct - Mar, 2024 Guidance 2,561 108 108 61 7.6 12 Oct 18, 2024 J-GAAP
YoY +15.1% +18.7% +3.8% +48.8% +47.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 4,377 232 265 403 50.5 24 Apr 21, 2023 J-GAAP
Mar, 2024 4,438 -1 17 -99 -12.5 12 Apr 19, 2024 J-GAAP
Mar, 2025 Guidance 4,640 163 163 79 9.9 12 Apr 19, 2024 J-GAAP
YoY +4.6% － +858.8% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,140 -69 -60 -97 -12.2 -6.1 Oct 20, 2023 J-GAAP
Oct - Dec, 2023 1,287 186 188 124 16.4 14.5 Jan 19, 2024 J-GAAP
Jan - Mar, 2024 938 -95 -84 -83 -10.5 -10.1 Apr 19, 2024 J-GAAP
Apr - Jun, 2024 1,062 1 24 13 1.7 0.1 Jul 19, 2024 J-GAAP
Jul - Sep, 2024 1,017 54 31 5 0.6 5.3 Oct 18, 2024 J-GAAP
YoY -10.8% － － － －

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