ASAGAMI COPORATION, First Half Ordinary Profit Increases by 2.8 times

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Thu Oct 31, 2024 3:00 pm JST Earnings

9311 ASAGAMI COPORATION 【J-GAAP】

Earnings Report

ASAGAMI COPORATION <9311> [TSE-S] announced its financial results after the market closed on October 31st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.8 times that of the same period last year, reaching 113 million yen, reversing from the forecast of a loss of 133 million yen to a profit.

The progress rate against the 1.78 billion yen full-year plan was 6.3%, almost the same as the five-year average of 7.8%.

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 grow by 4.9% from the same period last year, reaching 1.67 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss improved to a deficit of loss of 118 million yen (compared to a loss of 153 million yen in the same period last year). The operating profit/loss margin improved from -1.8% in the same period last year to -1.4%.

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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	16,868	-47	70	-328	-232.1	3.7	Oct 28, 2022	J-GAAP
Apr - Sep, 2023	16,256	-8	41	-422	-298.7	2.5	Oct 27, 2023	J-GAAP
Apr - Sep, 2024	16,048	32	113	-389	-275.6	6.3	Oct 31, 2024	J-GAAP
YoY	-1.3%	－	+175.6%	+7.8%	+7.7%

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	15,896	-174	-133	-514	-363.4	－	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	16,048	32	113	-389	-275.6	0	Oct 31, 2024	J-GAAP
Revision Rate	+1.0%	－	－	+24.3%	+24.2%

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	23,378	1,545	1,595	1,280	905.2	120	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	23,958	1,718	1,673	1,444	1,020.8	－	Oct 31, 2024	J-GAAP
YoY	+2.5%	+11.2%	+4.9%	+12.8%	+12.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	41,091	1,676	1,872	997	704.7	120	May 15, 2023	J-GAAP
Mar, 2024	39,634	1,537	1,636	858	606.8	120	May 15, 2024	J-GAAP
Mar, 2025 Guidance	40,006	1,750	1,786	1,055	745.8	－	May 15, 2024	J-GAAP
YoY	+0.9%	+13.9%	+9.2%	+23.0%	+22.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	8,126	-147	-153	-346	-244.9	-1.8	Oct 27, 2023	J-GAAP
Oct - Dec, 2023	14,867	1,525	1,561	1,382	977.2	10.3	Jan 26, 2024	J-GAAP
Jan - Mar, 2024	8,511	20	34	-102	-72.1	0.2	May 15, 2024	J-GAAP
Apr - Jun, 2024	8,067	147	231	-24	-17.5	1.8	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	7,981	-115	-118	-365	-258.6	-1.4	Oct 31, 2024	J-GAAP
YoY	-1.8%	+21.8%	+22.9%	-5.5%	-5.6%