Aica Kogyo Company, Limited, First Half Ordinary Profit Increases by 18%, July-September Ordinary Profit Increases by 16%

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Wed Oct 30, 2024 3:20 pm JST Earnings

4206 Aica Kogyo Company, Limited 【J-GAAP】

Earnings Report

Aica Kogyo Company, Limited <4206> [TSE-P] announced its financial results after the market closed on October 30th (15:20). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 18.1% from the same period last year, reaching 14.2 billion yen. The progress rate against the 28.3 billion yen full-year plan was 50.3%, also surpassing the five-year average of 44.7%.

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 nearly flat at 14 billion yen, down 0.1% from the same period last year.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 15.9% from the same period last year, reaching 7.46 billion yen. The operating profit margin rose from 10.5% in the same period last year to 11.2%.

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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	117,704	9,437	10,294	6,436	100.6	46.6	Oct 28, 2022	J-GAAP
Apr - Sep, 2023	113,307	11,406	12,047	7,856	122.8	46.1	Oct 30, 2023	J-GAAP
Apr - Sep, 2024	120,140	13,147	14,230	8,855	138.4	50.3	Oct 30, 2024	J-GAAP
YoY	+6.0%	+15.3%	+18.1%	+12.7%	+12.7%

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	120,000	12,700	13,300	8,000	125.1	56	Sep 30, 2024	J-GAAP
Apr - Sep, 2024 Results	120,140	13,147	14,230	8,855	138.4	56	Oct 30, 2024	J-GAAP
Revision Rate	+0.1%	+3.5%	+7.0%	+10.7%	+10.7%

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	123,318	13,880	14,088	7,279	113.8	60	Apr 30, 2024	J-GAAP
Oct - Mar, 2024 Guidance	129,860	14,053	14,070	7,345	117.0	60	Oct 30, 2024	J-GAAP
YoY	+5.3%	+1.2%	-0.1%	+0.9%	+2.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	242,055	20,557	22,088	10,059	157.3	109	Apr 28, 2023	J-GAAP
Mar, 2024	236,625	25,286	26,135	15,135	236.6	112	Apr 30, 2024	J-GAAP
Mar, 2025 Guidance	250,000	27,200	28,300	16,200	258.1	116	Sep 30, 2024	J-GAAP
YoY	+5.7%	+7.6%	+8.3%	+7.0%	+9.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	58,810	6,176	6,438	4,252	66.5	10.5	Oct 30, 2023	J-GAAP
Oct - Dec, 2023	61,568	8,097	8,525	4,405	68.9	13.2	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	61,750	5,783	5,563	2,874	44.9	9.4	Apr 30, 2024	J-GAAP
Apr - Jun, 2024	56,842	6,059	6,766	4,134	64.6	10.7	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	63,298	7,088	7,464	4,721	73.8	11.2	Oct 30, 2024	J-GAAP
YoY	+7.6%	+14.8%	+15.9%	+11.0%	+11.0%