ASAHI RUBBER INC., The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 86% Decrease

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Wed Oct 30, 2024 3:00 pm JST Revision

5162 ASAHI RUBBER INC. 【J-GAAP】

Guidance Update Report

ASAHI RUBBER INC. <5162> [TSE-S] announced a performance revision after the market closed on October 30th (15:00). The consolidated ordinary profit for the fiscal year ending March 2025 has downwardly by 89.4%, from the previous forecast of 263 million yen to 28 million yen (compared to 195 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 85.6% decrease in profit.

At the same time, the April to September period (first half) consolidated ordinary profit/loss has been revised downward from an expected profit of 111 million yen to a loss of 57 million yen (compared to a profit of 35 million yen in the same period of the previous year), turning to a loss outlook.

Kabutan News

Guidance Update

First Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Prev	3,835	117	111	78	17.1	10	May 14, 2024	J-GAAP
Apr - Sep, 2024 New	3,694	-48	-57	-86	-18.9	10	Oct 30, 2024	J-GAAP
Revision Rate	-3.7%	－	－	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	7,772	281	263	183	40.1	20	May 14, 2024	J-GAAP
Mar, 2025 New	7,363	36	28	10	2.2	20	Oct 30, 2024	J-GAAP
Revision Rate	-5.3%	-87.2%	-89.4%	-94.5%	-94.5%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	3,359	11	35	55	12.2	10	Nov 9, 2023	J-GAAP
Apr - Sep, 2024 Guidance	3,694	-48	-57	-86	-18.9	10	Oct 30, 2024	J-GAAP
YoY	+10.0%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	7,205	185	194	203	44.8	20	May 11, 2023	J-GAAP
Mar, 2024	7,180	156	195	133	29.4	20	May 14, 2024	J-GAAP
Mar, 2025 Guidance	7,363	36	28	10	2.2	20	Oct 30, 2024	J-GAAP
YoY	+2.5%	-76.9%	-85.6%	-92.5%	-92.5%