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ARE Holdings, Inc., First Half Net Income Increases by 26%, July-September Net Income Increases by 19%

Wed Oct 30, 2024 3:30 pm JST Earnings

5857 ARE Holdings, Inc. 【IFRS】

Earnings Report

ARE Holdings, Inc. <5857> [TSE-P] announced its financial results (based on IFRS) after the market closed on October 30th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 25.6% from the same period last year, reaching 6.6 billion yen. The progress rate against the 13.1 billion yen full-year plan was 50.2%, also surpassing the five-year average of 43.5%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to significant drop by 66.0% from the same period last year to 6.54 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income grew by 19.0% from the same period last year, reaching 3.4 billion yen. However, the operating profit margin worsened from 4.0% in the same period last year to 3.2%.

Kabutan News

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 132,653 11,493 10,241 7,293 93.3 81.0 Oct 27, 2022 IFRS
Apr - Sep, 2023 144,226 5,700 5,898 5,259 68.6 47.5 Oct 26, 2023 IFRS
Apr - Sep, 2024 240,357 8,317 8,392 6,604 86.4 47.7 Oct 30, 2024 IFRS
YoY +66.7% +45.9% +42.3% +25.6% +25.9%

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 180,000 8,500 8,300 6,304 82.8 40 Apr 25, 2024 IFRS
Apr - Sep, 2024 Results 240,357 8,317 8,392 6,604 86.4 40 Oct 30, 2024 IFRS
Revision Rate +33.5% -2.2% +1.1% +4.8% +4.4%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 370,000 18,000 17,600 13,148 171.6 80 Apr 25, 2024 IFRS
Mar, 2025 New 480,000 18,000 17,600 13,148 171.6 80 Oct 30, 2024 IFRS
Revision Rate +29.7% 0.0% 0.0% 0.0% 0.0%

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 178,027 6,667 6,528 19,231 250.9 45 Apr 25, 2024 IFRS
Oct - Mar, 2024 Guidance 239,643 9,683 9,208 6,544 85.4 40 Oct 30, 2024 IFRS
YoY +34.6% +45.2% +41.1% -66.0% -66.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 274,209 16,282 12,649 10,929 141.2 90 Apr 27, 2023 IFRS
Mar, 2024 322,253 12,367 12,426 24,490 319.5 90 Apr 25, 2024 IFRS
Mar, 2025 Guidance 480,000 18,000 17,600 13,148 171.6 80 Oct 30, 2024 IFRS
YoY +49.0% +45.5% +41.6% -46.3% -46.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 81,644 3,239 3,355 2,863 37.4 4.0 Oct 26, 2023 IFRS
Oct - Dec, 2023 90,906 4,342 4,206 1,838 24.0 4.8 Jan 31, 2024 IFRS
Jan - Mar, 2024 87,121 2,325 2,322 17,393 226.9 2.7 Apr 25, 2024 IFRS
Apr - Jun, 2024 92,300 3,617 3,796 3,197 41.8 3.9 Jul 31, 2024 IFRS
Jul - Sep, 2024 148,057 4,700 4,596 3,407 44.6 3.2 Oct 30, 2024 IFRS
YoY +81.3% +45.1% +37.0% +19.0% +19.3%

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