Asaka Riken Co.,Ltd., Last Fiscal Year Ordinary Profit Revised Upward by 36%

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Mon Oct 28, 2024 3:00 pm JST Revision

5724 Asaka Riken Co.,Ltd. 【J-GAAP】

Guidance Update Report

Asaka Riken Co.,Ltd. <5724> [TSE-S] announced a performance revision after the market closed on October 28th (15:00). The consolidated ordinary profit for the fiscal year ending September 2024 has been revised upward by 35.9%, from the previous forecast of 195 million yen to 265 million yen (compared to 386 million yen in the previous period), and the declining rate is expected to decrease from 49.5% to 31.3%.

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 52.2%, from the previous forecast of 134 million yen to 204 million yen (compared to 110 million yen in the same period of the previous year), increasing the growth rate from 21.8% to 85.5%.

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	4,565	119	134	117	23.3	8	May 14, 2024	J-GAAP
Apr - Sep, 2024 New	4,288	207	204	161	32.2	8	Oct 28, 2024	J-GAAP
Revision Rate	-6.1%	+73.9%	+52.2%	+37.6%	+37.9%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Prev	8,242	202	195	326	65.0	8	Nov 14, 2023	J-GAAP
Sep, 2024 New	7,965	290	265	370	73.9	8	Oct 28, 2024	J-GAAP
Revision Rate	-3.4%	+43.6%	+35.9%	+13.5%	+13.8%

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	4,039	103	110	83	16.6	8	Nov 14, 2023	J-GAAP
Apr - Sep, 2024 Guidance	4,288	207	204	161	32.2	8	Oct 28, 2024	J-GAAP
YoY	+6.2%	+101.0%	+85.5%	+94.0%	+94.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2022	8,592	815	776	622	122.7	16	Nov 11, 2022	J-GAAP
Sep, 2023	8,285	395	386	307	61.3	8	Nov 14, 2023	J-GAAP
Sep, 2024 Guidance	7,965	290	265	370	73.9	8	Oct 28, 2024	J-GAAP
YoY	-3.9%	-26.6%	-31.3%	+20.5%	+20.7%