AICHI CORPORATION, First Half Ordinary Profit Increases by 9%

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Fri Oct 25, 2024 3:40 pm JST Earnings

6345 AICHI CORPORATION 【J-GAAP】

Earnings Report

AICHI CORPORATION <6345> [TSE-P] announced its financial results after the market closed on October 25th (15:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 8.8% from the same period last year, reaching 3.12 billion yen. However, The progress rate against the 7.6 billion yen full-year plan was 41.1%, almost the same as the five-year average of 43.1%.

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 7.9% from the same period last year, reaching 4.47 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 1.93 billion yen, an increase of 0.1% compared to the same period last year. The operating profit margin rose from 11.5% in the same period last year to 11.6%.

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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	27,092	2,453	2,911	2,078	27.6	36.3	Oct 26, 2022	J-GAAP
Apr - Sep, 2023	26,395	2,543	2,873	2,045	27.2	40.9	Oct 27, 2023	J-GAAP
Apr - Sep, 2024	28,079	2,757	3,126	2,218	29.8	41.1	Oct 25, 2024	J-GAAP
YoY	+6.4%	+8.4%	+8.8%	+8.5%	+9.4%

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	ー	ー	ー	ー	－	20	Apr 23, 2024	J-GAAP
Apr - Sep, 2024 Results	28,079	2,757	3,126	2,218	29.8	20	Oct 25, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	26,734	3,798	4,145	3,225	43.0	21	Apr 23, 2024	J-GAAP
Oct - Mar, 2024 Guidance	29,921	4,343	4,474	3,382	45.4	20	Oct 25, 2024	J-GAAP
YoY	+11.9%	+14.3%	+7.9%	+4.9%	+5.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	60,678	7,351	8,016	5,958	79.2	36	Apr 25, 2023	J-GAAP
Mar, 2024	53,129	6,341	7,018	5,270	70.3	40	Apr 23, 2024	J-GAAP
Mar, 2025 Guidance	58,000	7,100	7,600	5,600	75.1	40	Apr 23, 2024	J-GAAP
YoY	+9.2%	+12.0%	+8.3%	+6.3%	+6.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	15,789	1,815	1,937	1,381	18.4	11.5	Oct 27, 2023	J-GAAP
Oct - Dec, 2023	12,333	1,565	1,792	1,361	18.1	12.7	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	14,401	2,233	2,353	1,864	24.9	15.5	Apr 23, 2024	J-GAAP
Apr - Jun, 2024	12,746	985	1,188	831	11.2	7.7	Jul 26, 2024	J-GAAP
Jul - Sep, 2024	15,333	1,772	1,938	1,387	18.6	11.6	Oct 25, 2024	J-GAAP
YoY	-2.9%	-2.4%	+0.1%	+0.4%	+1.3%