Ascot Corp., Last Fiscal Year Ordinary Profit Revised Upward by 2.4 times, Highest in Seventeen Terms, The Undetermined Dividend to Rise by 2 yen

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Wed Oct 23, 2024 4:00 pm JST Revision

3264 Ascot Corp. 【J-GAAP】

Guidance Update Report

Ascot Corp. <3264> [TSE-S] announced a revision to its performance and dividend after the market closed on October 23rd (16:00). The consolidated ordinary profit for the fiscal year ending September 2024 has been revised upward by 2.4 times, from the previous forecast of 1.85 billion yen to 4.41 billion yen (compared to 1 billion yen in the previous period), increasing the growth rate from 83.3% to 4.4 times, reaches new record high for the first time in seventeen terms.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the April to September period (second half) consolidated ordinary profit is expected to increase by 2.2 times, from the previous forecast of 2.07 billion yen to 4.64 billion yen (compared to 992 million yen in the same period of the previous year), increasing the growth rate from 2.1 times to 4.7 times.

In light of the strong performance, the company has decided to implement a year-end lump-sum dividend of 5 yen for the last fiscal year, which was previously undecided (compared to 3 yen in the prior term).

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Prev	22,933	2,584	2,074	1,381	10.6	－	May 14, 2024	J-GAAP
Apr - Sep, 2024 New	29,720	5,460	4,641	3,189	24.6	5	Oct 23, 2024	J-GAAP
Revision Rate	+29.6%	+111.3%	+123.8%	+130.9%	+131.5%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Prev	30,000	3,000	1,850	1,200	9.2	－	Nov 14, 2023	J-GAAP
Sep, 2024 New	36,787	5,876	4,417	3,008	23.2	5	Oct 23, 2024	J-GAAP
Revision Rate	+22.6%	+95.9%	+138.8%	+150.7%	+151.2%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	13,276	1,587	992	742	5.8	3	Nov 14, 2023	J-GAAP
Apr - Sep, 2024 Guidance	29,720	5,460	4,641	3,189	24.6	5	Oct 23, 2024	J-GAAP
YoY	+123.9%	+244.0%	+367.8%	+329.8%	+327.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2022	45,920	2,397	1,498	2,064	15.9	3	Nov 11, 2022	J-GAAP
Sep, 2023	19,273	2,004	1,009	898	7.0	3	Nov 14, 2023	J-GAAP
Sep, 2024 Guidance	36,787	5,876	4,417	3,008	23.2	5	Oct 23, 2024	J-GAAP
YoY	+90.9%	+193.2%	+337.8%	+235.0%	+233.0%