AS ONE CORPORATION, First Half Ordinary Profit Increases by 8%, July-September Ordinary Profit Increases by 4%

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Thu Oct 31, 2024 4:00 pm JST Earnings

7476 AS ONE CORPORATION 【J-GAAP】

Earnings Report

AS ONE CORPORATION <7476> [TSE-P] announced its financial results after the market closed on October 31st (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 8.0% from the same period last year, reaching 5.57 billion yen. The progress rate against the 11.6 billion yen full-year plan was 48.1%, exceeding the five-year average of 43.4%.

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 6.4% from the same period last year, reaching 6.02 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 4.5% from the same period last year, reaching 2.72 billion yen. However, the operating profit margin decreased from 11.2% in the same period last year to 10.3%.

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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	42,597	5,329	5,330	3,680	49.3	45.8	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	44,113	4,974	5,167	3,550	49.1	47.7	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	48,626	5,268	5,579	3,822	53.4	48.1	Oct 31, 2024	J-GAAP
YoY	+10.2%	+5.9%	+8.0%	+7.7%	+8.8%

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	46,970	4,930	5,300	3,710	51.8	28	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	48,626	5,268	5,579	3,822	53.4	28	Oct 31, 2024	J-GAAP
Revision Rate	+3.5%	+6.9%	+5.3%	+3.0%	+3.0%

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	51,423	5,461	5,658	3,950	54.6	31	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	52,604	5,762	6,021	4,238	59.2	29	Oct 31, 2024	J-GAAP
YoY	+2.3%	+5.5%	+6.4%	+7.3%	+8.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	91,421	11,396	11,637	8,112	109.5	55.50	May 12, 2023	J-GAAP
Mar, 2024	95,536	10,435	10,825	7,500	103.7	56	May 14, 2024	J-GAAP
Mar, 2025 Guidance	101,230	11,030	11,600	8,060	112.5	57	May 14, 2024	J-GAAP
YoY	+6.0%	+5.7%	+7.2%	+7.5%	+8.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	22,378	2,512	2,608	1,784	24.7	11.2	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	24,538	2,559	2,704	1,872	25.9	10.4	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	26,885	2,902	2,954	2,078	28.7	10.8	May 14, 2024	J-GAAP
Apr - Jun, 2024	24,168	2,741	2,854	1,959	27.4	11.3	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	24,458	2,527	2,725	1,863	26.0	10.3	Oct 31, 2024	J-GAAP
YoY	+9.3%	+0.6%	+4.5%	+4.4%	+5.5%