ASAHI YUKIZAI CORPORATION, First Half Ordinary Profit Decreases by 32%, July-September Ordinary Profit Decreases by 34%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Thu Oct 31, 2024 4:00 pm JST Earnings

4216 ASAHI YUKIZAI CORPORATION 【J-GAAP】

Earnings Report

ASAHI YUKIZAI CORPORATION <4216> [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) dropped by 32.2% from the same period last year to 5.8 billion yen. The progress rate against the 12.1 billion yen full-year plan was 48.0%, which was higher than the five-year average of 39.9%.

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 decrease by 16.3% from the same period last year to 6.29 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 2.79 billion yen, a 33.6% decrease compared to the same period last year. The operating profit margin decreased from 18.5% in the same period last year to 14.3%.

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	35,938	5,339	5,839	3,813	199.1	48.1	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	43,844	8,291	8,560	5,471	285.6	53.2	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	41,730	5,887	5,806	3,815	200.7	48.0	Oct 31, 2024	J-GAAP
YoY	-4.8%	-29.0%	-32.2%	-30.3%	-29.7%

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	42,000	5,500	5,600	3,900	205.2	55	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	41,730	5,887	5,806	3,815	200.7	55	Oct 31, 2024	J-GAAP
Revision Rate	-0.6%	+7.0%	+3.7%	-2.2%	-2.2%

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	43,582	7,285	7,516	5,911	308.7	50	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	45,270	6,113	6,294	4,685	246.1	55	Oct 31, 2024	J-GAAP
YoY	+3.9%	-16.1%	-16.3%	-20.7%	-20.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	77,099	11,947	12,140	9,425	492.0	70	May 15, 2023	J-GAAP
Mar, 2024	87,426	15,576	16,076	11,382	594.3	100	May 15, 2024	J-GAAP
Mar, 2025 Guidance	87,000	12,000	12,100	8,500	446.6	110	May 15, 2024	J-GAAP
YoY	-0.5%	-23.0%	-24.7%	-25.3%	-24.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	22,807	4,217	4,207	2,706	141.2	18.5	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	22,252	4,164	4,189	2,704	141.1	18.7	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	21,330	3,121	3,327	3,207	167.5	14.6	May 15, 2024	J-GAAP
Apr - Jun, 2024	20,229	2,803	3,012	1,812	95.4	13.9	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	21,501	3,084	2,794	2,003	105.4	14.3	Oct 31, 2024	J-GAAP
YoY	-5.7%	-26.9%	-33.6%	-26.0%	-25.4%