AGP CORPORATION, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 4% Increase, Dividend Revised Upward by 5 yen

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Wed Oct 30, 2024 4:00 pm JST Earnings

9377 AGP CORPORATION 【J-GAAP】

Earnings Report

AGP CORPORATION <9377> [TSE-S] announced its financial results after the market closed on October 30th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 548 million yen, an increase of 54.8% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 38.3%, from the previous forecast of 810 million yen to 1.12 billion yen (compared to 1.07 billion yen in the previous period), turning to a 4.2% increase in the consolidated ordinary profit outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 20.7% from the same period last year to 572 million yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 40 yen to 45 yen (compared to 45 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 17.0% from the same period last year, reaching 268 million yen. The operating profit margin improved from 7.4% in the same period last year to 8.0%.

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	5,185	5	0	-63	-4.6	0.0	Oct 27, 2022	J-GAAP
Apr - Sep, 2023	6,006	351	354	210	16.1	32.9	Oct 30, 2023	J-GAAP
Apr - Sep, 2024	6,601	502	548	375	28.7	48.9	Oct 30, 2024	J-GAAP
YoY	+9.9%	+43.0%	+54.8%	+78.6%	+78.2%

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	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	6,601	502	548	375	28.7	20	Oct 30, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	14,300	810	810	520	39.8	40	May 13, 2024	J-GAAP
Mar, 2025 New	14,310	1,070	1,120	750	57.4	45	Oct 30, 2024	J-GAAP
Revision Rate	+0.1%	+32.1%	+38.3%	+44.2%	+44.2%

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	6,980	708	721	479	36.7	30	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	7,709	568	572	375	28.7	25	Oct 30, 2024	J-GAAP
YoY	+10.4%	-19.8%	-20.7%	-21.7%	-21.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	11,039	527	512	510	37.3	30	May 9, 2023	J-GAAP
Mar, 2024	12,986	1,059	1,075	689	52.8	45	May 13, 2024	J-GAAP
Mar, 2025 Guidance	14,310	1,070	1,120	750	57.4	45	Oct 30, 2024	J-GAAP
YoY	+10.2%	+1.0%	+4.2%	+8.9%	+8.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,150	233	229	131	10.1	7.4	Oct 30, 2023	J-GAAP
Oct - Dec, 2023	3,285	317	320	221	16.9	9.6	Jan 30, 2024	J-GAAP
Jan - Mar, 2024	3,695	391	401	258	19.8	10.6	May 13, 2024	J-GAAP
Apr - Jun, 2024	3,141	224	280	191	14.6	7.1	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	3,460	278	268	184	14.1	8.0	Oct 30, 2024	J-GAAP
YoY	+9.8%	+19.3%	+17.0%	+40.5%	+40.1%