ANRITSU CORPORATION, First Half Net Income Decreases by 20%, July-September Net Income Decreases by 40%

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Wed Oct 30, 2024 3:00 pm JST Earnings

6754 ANRITSU CORPORATION 【IFRS】

Earnings Report

ANRITSU CORPORATION <6754> [TSE-P] announced its financial results (based on IFRS) after the market closed on October 30th (15:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 19.8% from the same period last year to 2.23 billion yen. The progress rate against the 8.3 billion yen full-year plan was 27.0%, also falling below the five-year average of 42.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to grow by 24.1% from the same period last year, reaching 6.06 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income dropped to 1.52 billion yen, a 40.1% decrease compared to the same period last year. The operating profit margin decreased from 10.6% in the same period last year to 10.5%.

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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	53,963	5,412	6,770	5,100	38.3	54.4	Oct 28, 2022	IFRS
Apr - Sep, 2023	50,895	2,934	3,603	2,789	21.2	36.2	Oct 30, 2023	IFRS
Apr - Sep, 2024	53,309	3,576	3,381	2,237	17.0	30.7	Oct 30, 2024	IFRS
YoY	+4.7%	+21.9%	-6.2%	-19.8%	-19.9%

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 25, 2024	IFRS
Apr - Sep, 2024 Results	53,309	3,576	3,381	2,237	17.0	20	Oct 30, 2024	IFRS
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	59,057	6,049	6,348	4,886	37.1	20	Apr 25, 2024	IFRS
Oct - Mar, 2024 Guidance	61,691	7,424	7,619	6,063	46.0	20	Oct 30, 2024	IFRS
YoY	+4.5%	+22.7%	+20.0%	+24.1%	+24.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	110,919	11,746	12,438	9,272	70.0	40	Apr 28, 2023	IFRS
Mar, 2024	109,952	8,983	9,951	7,675	58.3	40	Apr 25, 2024	IFRS
Mar, 2025 Guidance	115,000	11,000	11,000	8,300	63.0	40	Apr 25, 2024	IFRS
YoY	+4.6%	+22.5%	+10.5%	+8.1%	+8.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	28,153	2,991	3,176	2,539	19.3	10.6	Oct 30, 2023	IFRS
Oct - Dec, 2023	26,886	2,225	2,033	1,135	8.6	8.3	Jan 30, 2024	IFRS
Jan - Mar, 2024	32,171	3,824	4,315	3,751	28.5	11.9	Apr 25, 2024	IFRS
Apr - Jun, 2024	25,229	622	1,254	716	5.4	2.5	Jul 31, 2024	IFRS
Jul - Sep, 2024	28,080	2,954	2,127	1,521	11.6	10.5	Oct 30, 2024	IFRS
YoY	-0.3%	-1.2%	-33.0%	-40.1%	-40.1%