kabutan

ASAX CO., LTD., First Half Ordinary Profit Decreases by 19%

Thu Oct 31, 2024 4:15 pm JST Earnings

8772 ASAX CO., LTD. 【J-GAAP】

Earnings Report

ASAX CO., LTD. <8772> [TSE-S] announced its financial results after the market closed on October 31st (16:15). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 19.1% from the same period last year to 2.03 billion yen, fell short of the previous forecast of 2.45 billion yen.

The progress rate against the 5 billion yen full-year plan was 40.6%, also falling below the five-year average of 49.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to grow by 16.5% from the same period last year, reaching 2.97 billion yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit dropped to 724 million yen, a 44.1% decrease compared to the same period last year. The operating profit margin decreased from 72.0% in the same period last year to 70.9%.

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 3,113 2,237 2,237 1,451 44.0 52.1 Oct 26, 2022 J-GAAP
Apr - Sep, 2023 3,271 2,268 2,510 1,635 49.6 49.6 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 3,603 2,503 2,031 1,349 40.9 40.6 Oct 31, 2024 J-GAAP
YoY +10.1% +10.4% -19.1% -17.5% -17.5%

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 3,593 2,453 2,453 1,596 48.4 0 May 1, 2024 J-GAAP
Apr - Sep, 2024 Results 3,603 2,503 2,031 1,349 40.9 0 Oct 31, 2024 J-GAAP
Revision Rate +0.3% +2.0% -17.2% -15.5% -15.5%

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 3,483 2,478 2,551 1,654 50.2 20 May 1, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,639 2,501 2,973 1,905 57.8 20 Oct 31, 2024 J-GAAP
YoY +4.5% +0.9% +16.5% +15.2% +15.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 6,180 4,294 4,297 2,799 84.9 18 Apr 28, 2023 J-GAAP
Mar, 2024 6,754 4,746 5,061 3,289 99.7 20 May 1, 2024 J-GAAP
Mar, 2025 Guidance 7,242 5,004 5,004 3,254 98.7 20 May 1, 2024 J-GAAP
YoY +7.2% +5.4% -1.1% -1.1% -1.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,640 1,180 1,295 837 25.4 72.0 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 1,722 1,207 835 532 16.1 70.1 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 1,761 1,271 1,716 1,122 34.0 72.2 May 1, 2024 J-GAAP
Apr - Jun, 2024 1,735 1,179 1,307 856 26.0 68.0 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 1,868 1,324 724 493 15.0 70.9 Oct 31, 2024 J-GAAP
YoY +13.9% +12.2% -44.1% -41.1% -41.1%

Related Articles