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Aichi Tokei Denki Co.,Ltd., First Half Ordinary Profit Decreases by 32%, July-September Ordinary Profit Decreases by 39%

Fri Nov 1, 2024 3:00 pm JST Earnings

7723 Aichi Tokei Denki Co.,Ltd. 【J-GAAP】

Earnings Report

Aichi Tokei Denki Co.,Ltd. <7723> [TSE-P] announced its financial results after the market closed on November 1st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 32.4% from the same period last year to 1.48 billion yen. The progress rate against the 4.3 billion yen full-year plan was 34.5%, also falling below the five-year average of 40.3%.

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 expand by 36.0% from the same period last year, reaching 2.81 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 761 million yen, a 38.8% decrease compared to the same period last year. The operating profit margin worsened from 8.4% in the same period last year to 6.4%.

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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 23,602 1,017 1,479 1,077 70.2 31.8 Nov 1, 2022 J-GAAP
Apr - Sep, 2023 24,751 1,810 2,195 1,637 106.8 51.5 Nov 2, 2023 J-GAAP
Apr - Sep, 2024 25,588 1,359 1,484 1,060 69.0 34.5 Nov 1, 2024 J-GAAP
YoY +3.4% -24.9% -32.4% -35.2% -35.4%

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 35 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 25,588 1,359 1,484 1,060 69.0 35 Nov 1, 2024 J-GAAP
Revision Rate

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 26,474 1,807 2,070 1,537 100.2 33 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 27,462 2,241 2,816 2,100 136.6 35 Nov 1, 2024 J-GAAP
YoY +3.7% +24.0% +36.0% +36.6% +36.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 50,160 3,980 4,654 3,458 225.4 55 May 11, 2023 J-GAAP
Mar, 2024 51,225 3,617 4,265 3,174 206.9 64 May 10, 2024 J-GAAP
Mar, 2025 Guidance 53,050 3,600 4,300 3,160 205.5 70 May 10, 2024 J-GAAP
YoY +3.6% -0.5% +0.8% -0.4% -0.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 13,728 1,149 1,243 954 62.3 8.4 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 12,539 1,176 1,204 907 59.2 9.4 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 13,935 631 866 630 41.1 4.5 May 10, 2024 J-GAAP
Apr - Jun, 2024 11,834 475 723 500 32.6 4.0 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 13,754 884 761 560 36.5 6.4 Nov 1, 2024 J-GAAP
YoY +0.2% -23.1% -38.8% -41.3% -41.4%

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