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AOI ELECTRONICS CO.,LTD., First Half Ordinary Profit Turns to Profit

Fri Nov 1, 2024 1:00 pm JST Earnings

6832 AOI ELECTRONICS CO.,LTD. 【J-GAAP】

Earnings Report

AOI ELECTRONICS CO.,LTD. <6832> [TSE-S] announced its financial results in the afternoon session on November 1st (13:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 537 million yen (compared to a loss of 646 million yen in the same period last year), exceeded the previous forecast of 450 million yen.

However, The progress rate against the 1.05 billion yen full-year plan was 51.1%, below the five-year average of 106.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 513 million yen (compared to a loss of 641 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 101 million yen (compared to a loss of 323 million yen in the same period last year). The operating profit/loss margin drastically improved from -4.1% in the same period last year to 2.0%.

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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 20,657 1,102 1,409 972 81.0 281.2 Oct 28, 2022 J-GAAP
Apr - Sep, 2023 17,076 -789 -646 -657 -54.8 Oct 27, 2023 J-GAAP
Apr - Sep, 2024 17,651 539 537 479 42.8 51.1 Nov 1, 2024 J-GAAP
YoY +3.4%

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 17,800 450 450 280 25.0 25 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 17,651 539 537 479 42.8 25 Nov 1, 2024 J-GAAP
Revision Rate -0.8% +19.8% +19.3% +71.1% +71.1%

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 16,865 -759 -641 -4,603 -384.9 29 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 18,849 511 513 241 21.5 29 Nov 1, 2024 J-GAAP
YoY +11.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 37,231 158 501 14 1.3 56 May 10, 2023 J-GAAP
Mar, 2024 33,941 -1,548 -1,287 -5,260 -439.8 54 May 10, 2024 J-GAAP
Mar, 2025 Guidance 36,500 1,050 1,050 720 64.3 54 May 10, 2024 J-GAAP
YoY +7.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 8,750 -358 -323 -288 -24.0 -4.1 Oct 27, 2023 J-GAAP
Oct - Dec, 2023 8,442 -153 -151 -164 -13.7 -1.8 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 8,423 -606 -490 -4,439 -371.2 -7.2 May 10, 2024 J-GAAP
Apr - Jun, 2024 8,566 361 436 416 37.2 4.2 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 9,085 178 101 63 5.6 2.0 Nov 1, 2024 J-GAAP
YoY +3.8%

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