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ARGO GRAPHICS Inc., July-September (2Q) Ordinary Profit Decreases by 6%

Fri Nov 1, 2024 3:30 pm JST Earnings

7595 ARGO GRAPHICS Inc. 【J-GAAP】

Earnings Report

ARGO GRAPHICS Inc. <7595> [TSE-P] announced its financial results after the market closed on November 1st (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 10.5% from the same period last year, reaching 5.18 billion yen. The progress rate against the 10 billion yen full-year plan was 51.8%, almost the same as 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 consolidated ordinary profit for the October to March period (second half) is expected to decrease by 3.6% from the same period last year to 4.81 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 2.17 billion yen, a 6.2% decrease compared to the same period last year. The operating profit margin decreased from 16.3% in the same period last year to 13.3%.

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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 25,035 3,740 3,904 2,579 30.2 47.6 Oct 28, 2022 J-GAAP
Apr - Sep, 2023 28,366 4,488 4,689 3,114 36.5 48.4 Oct 27, 2023 J-GAAP
Apr - Sep, 2024 33,615 4,924 5,182 3,469 40.7 51.8 Nov 1, 2024 J-GAAP
YoY +18.5% +9.7% +10.5% +11.4% +11.5%

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 ー ー ー ー － 12.50 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 33,615 4,924 5,182 3,469 40.7 12.50 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 31,145 4,685 4,997 3,406 40.0 12.50 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 28,985 4,616 4,818 3,161 37.1 12.50 Nov 1, 2024 J-GAAP
YoY -6.9% -1.5% -3.6% -7.2% -7.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 53,347 7,774 8,200 5,420 63.5 18.25 May 12, 2023 J-GAAP
Mar, 2024 59,511 9,173 9,686 6,520 76.5 22.50 May 10, 2024 J-GAAP
Mar, 2025 Guidance 62,600 9,540 10,000 6,630 77.8 25 May 10, 2024 J-GAAP
YoY +5.2% +4.0% +3.2% +1.7% +1.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 13,905 2,261 2,318 1,536 18.0 16.3 Oct 27, 2023 J-GAAP
Oct - Dec, 2023 13,820 2,232 2,328 1,538 18.0 16.2 Jan 26, 2024 J-GAAP
Jan - Mar, 2024 17,325 2,453 2,669 1,868 21.9 14.2 May 10, 2024 J-GAAP
Apr - Jun, 2024 18,007 2,846 3,007 2,003 23.5 15.8 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 15,608 2,078 2,175 1,466 17.2 13.3 Nov 1, 2024 J-GAAP
YoY +12.2% -8.1% -6.2% -4.6% -4.4%

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