ASANTE INCORPORATED, First Half Ordinary Profit Increases by 21%, July-September Ordinary Profit Increases by 44%

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Fri Nov 1, 2024 12:30 pm JST Earnings

6073 ASANTE INCORPORATED 【J-GAAP】

Earnings Report

ASANTE INCORPORATED <6073> [TSE-P] announced its financial results at noon (12:30) on November 1st. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 21.2% from the same period last year, reaching 1.09 billion yen. The progress rate against the 1.37 billion yen full-year plan was 79.8%, almost the same as the five-year average of 81.4%.

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 surge by 3.3 times that of the same period last year, reaching 277 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 43.7% from the same period last year, reaching 352 million yen. The operating profit margin drastically improved from 6.4% in the same period last year to 11.5%.

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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	7,818	1,140	1,158	760	69.3	83.0	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	7,618	869	902	577	52.5	91.6	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	7,848	1,152	1,093	710	64.6	79.8	Nov 1, 2024	J-GAAP
YoY	+3.0%	+32.6%	+21.2%	+23.1%	+23.0%

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	7,880	1,100	1,060	690	62.7	31	May 8, 2024	J-GAAP
Apr - Sep, 2024 Results	7,848	1,152	1,093	710	64.6	31	Nov 1, 2024	J-GAAP
Revision Rate	-0.4%	+4.7%	+3.1%	+2.9%	+3.1%

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	6,075	77	83	-36	-3.3	31	May 8, 2024	J-GAAP
Oct - Mar, 2024 Guidance	6,422	268	277	130	13.3	31	Nov 1, 2024	J-GAAP
YoY	+5.7%	+248.1%	+233.7%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	14,141	1,380	1,395	875	79.7	62	May 9, 2023	J-GAAP
Mar, 2024	13,693	946	985	541	49.2	62	May 8, 2024	J-GAAP
Mar, 2025 Guidance	14,270	1,420	1,370	840	86.0	62	May 8, 2024	J-GAAP
YoY	+4.2%	+50.1%	+39.1%	+55.3%	+74.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,379	217	245	144	13.1	6.4	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	3,066	-10	-3	-19	-1.7	-0.3	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	3,009	87	86	-17	-1.6	2.9	May 8, 2024	J-GAAP
Apr - Jun, 2024	4,276	742	741	497	45.2	17.4	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	3,572	410	352	213	19.4	11.5	Nov 1, 2024	J-GAAP
YoY	+5.7%	+88.9%	+43.7%	+47.9%	+47.8%