AUTOBACS SEVEN CO.,LTD., First Half Ordinary Profit Decreases by 20%

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Thu Oct 31, 2024 3:00 pm JST Earnings

9832 AUTOBACS SEVEN CO.,LTD. 【J-GAAP】

Earnings Report

AUTOBACS SEVEN CO.,LTD. <9832> [TSE-P] 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) decreased by 20.4% from the same period last year to 2.7 billion yen. The progress rate against the 12.5 billion yen full-year plan was 21.6%, also falling below the five-year average of 38.9%.

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 surge by 2.1 times that of the same period last year, reaching 9.79 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 1.35 billion yen, an increase of 0.1% compared to the same period last year. However, the operating profit margin remained almost flat, changing from 2.6% in the same period last year to 2.6%.

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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	107,096	3,504	3,715	3,149	40.4	32.1	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	111,880	3,452	3,398	5,139	65.9	42.0	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	110,299	2,510	2,706	1,638	21.0	21.6	Oct 31, 2024	J-GAAP
YoY	-1.4%	-27.3%	-20.4%	-68.1%	-68.2%

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	－	30	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	110,299	2,510	2,706	1,638	21.0	30	Oct 31, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	117,976	4,558	4,695	1,216	15.6	40	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	130,001	9,490	9,794	6,062	77.2	30	Oct 31, 2024	J-GAAP
YoY	+10.2%	+108.2%	+108.6%	+398.5%	+395.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	236,235	11,722	11,574	7,239	92.9	60	May 9, 2023	J-GAAP
Mar, 2024	229,856	8,010	8,093	6,355	81.5	70	May 10, 2024	J-GAAP
Mar, 2025 Guidance	240,300	12,000	12,500	7,700	98.1	60	May 10, 2024	J-GAAP
YoY	+4.5%	+49.8%	+54.5%	+21.2%	+20.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	54,212	1,421	1,348	3,794	48.7	2.6	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	67,757	5,539	5,913	3,967	50.9	8.2	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	50,219	-981	-1,218	-2,751	-35.3	-2.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	54,011	1,057	1,356	730	9.4	2.0	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	56,288	1,453	1,350	908	11.6	2.6	Oct 31, 2024	J-GAAP
YoY	+3.8%	+2.3%	+0.1%	-76.1%	-76.1%