Axial Retailing Inc., First Half Ordinary Profit Decreases by 6%, July-September Ordinary Profit Decreases by 8%

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Tue Nov 5, 2024 11:30 am JST Earnings

8255 Axial Retailing Inc. 【J-GAAP】

Earnings Report

Axial Retailing Inc. <8255> [TSE-P] announced its financial results at noon (11:30) on November 5th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 6.2% from the same period last year to 5.93 billion yen. The progress rate against the 12.5 billion yen full-year plan was 47.5%, also falling below the five-year average of 53.0%.

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 grow by 9.3% from the same period last year, reaching 6.56 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 3.17 billion yen, a 7.9% decrease compared to the same period last year. The operating profit margin worsened from 4.9% in the same period last year to 4.4%.

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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	125,719	5,212	5,444	3,583	38.9	49.8	Nov 1, 2022	J-GAAP
Apr - Sep, 2023	132,603	6,206	6,331	4,256	46.5	51.3	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	137,812	5,815	5,938	3,998	44.2	47.5	Nov 5, 2024	J-GAAP
YoY	+3.9%	-6.3%	-6.2%	-6.1%	-5.1%

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	138,000	5,900	6,000	4,100	45.3	11	May 7, 2024	J-GAAP
Apr - Sep, 2024 Results	137,812	5,815	5,938	3,998	44.2	11	Nov 5, 2024	J-GAAP
Revision Rate	-0.1%	-1.4%	-1.0%	-2.5%	-2.5%

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	137,621	5,573	6,001	3,186	35.0	13.75	May 7, 2024	J-GAAP
Oct - Mar, 2024 Guidance	142,188	6,285	6,562	3,502	38.7	14	Nov 5, 2024	J-GAAP
YoY	+3.3%	+12.8%	+9.3%	+9.9%	+10.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	254,966	10,443	10,940	6,356	69.0	20	May 2, 2023	J-GAAP
Mar, 2024	270,224	11,779	12,332	7,442	81.8	21.25	May 7, 2024	J-GAAP
Mar, 2025 Guidance	280,000	12,100	12,500	7,500	82.8	25	May 7, 2024	J-GAAP
YoY	+3.6%	+2.7%	+1.4%	+0.8%	+1.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	68,818	3,383	3,443	2,307	25.2	4.9	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	70,454	3,994	4,068	2,683	29.4	5.7	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	67,167	1,579	1,933	503	5.5	2.4	May 7, 2024	J-GAAP
Apr - Jun, 2024	66,522	2,655	2,767	1,873	20.7	4.0	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	71,290	3,160	3,171	2,125	23.5	4.4	Nov 5, 2024	J-GAAP
YoY	+3.6%	-6.6%	-7.9%	-7.9%	-6.9%