Amano Corporation, First Half Ordinary Profit Increases by 22%, July-September Ordinary Profit Increases by 26%

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Tue Oct 29, 2024 3:00 pm JST Earnings

6436 Amano Corporation 【J-GAAP】

Earnings Report

Amano Corporation <6436> [TSE-P] announced its financial results after the market closed on October 29th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 22.4% from the same period last year, reaching 10.5 billion yen. The progress rate against the 22 billion yen full-year plan was 47.9%, exceeding the five-year average of 37.2%.

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 decrease by 6.4% from the same period last year to 11.4 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 26.3% from the same period last year, reaching 6.89 billion yen. The operating profit margin rose from 13.5% in the same period last year to 14.7%.

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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	60,455	5,604	6,244	3,703	50.5	36.8	Oct 28, 2022	J-GAAP
Apr - Sep, 2023	70,163	8,012	8,609	5,557	76.8	41.3	Oct 27, 2023	J-GAAP
Apr - Sep, 2024	84,228	9,897	10,534	7,161	100.3	47.9	Oct 29, 2024	J-GAAP
YoY	+20.0%	+23.5%	+22.4%	+28.9%	+30.5%

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	84,200	9,800	10,500	7,100	99.7	50	Oct 25, 2024	J-GAAP
Apr - Sep, 2024 Results	84,228	9,897	10,534	7,161	100.3	50	Oct 29, 2024	J-GAAP
Revision Rate	+0.0%	+1.0%	+0.3%	+0.9%	+0.6%

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	82,701	11,555	12,246	7,584	105.3	95	Apr 25, 2024	J-GAAP
Oct - Mar, 2024 Guidance	75,772	11,103	11,466	7,339	103.0	95	Oct 29, 2024	J-GAAP
YoY	-8.4%	-3.9%	-6.4%	-3.2%	-2.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	132,810	15,787	16,960	11,288	154.4	110	Apr 26, 2023	J-GAAP
Mar, 2024	152,864	19,567	20,855	13,141	182.5	135	Apr 25, 2024	J-GAAP
Mar, 2025 Guidance	160,000	21,000	22,000	14,500	203.5	145	Oct 25, 2024	J-GAAP
YoY	+4.7%	+7.3%	+5.5%	+10.3%	+11.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	38,323	5,168	5,459	4,000	55.3	13.5	Oct 27, 2023	J-GAAP
Oct - Dec, 2023	37,628	4,569	4,861	3,537	49.1	12.1	Feb 1, 2024	J-GAAP
Jan - Mar, 2024	45,073	6,986	7,385	4,047	56.2	15.5	Apr 25, 2024	J-GAAP
Apr - Jun, 2024	39,032	3,232	3,642	1,600	22.4	8.3	Jul 25, 2024	J-GAAP
Jul - Sep, 2024	45,196	6,665	6,892	5,561	77.9	14.7	Oct 29, 2024	J-GAAP
YoY	+17.9%	+29.0%	+26.3%	+39.0%	+40.8%