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AZ-COM MARUWA Holdings Inc., The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 19% Decrease

Tue Nov 5, 2024 3:30 pm JST Earnings

9090 AZ-COM MARUWA Holdings Inc. 【J-GAAP】

Earnings Report

AZ-COM MARUWA Holdings Inc. <9090> [TSE-P] announced its financial results after the market closed on November 5th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 38.9% from the same period last year to 4.6 billion yen, fell short of the previous forecast of 7.12 billion yen.

In addition, the full-year consolidated ordinary profit has downwardly by 33.1%, from the previous forecast of 17.5 billion yen to 11.7 billion yen (compared to 14.4 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 19.3% decrease in profit.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 2.0% from the same period last year, reaching 7.09 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 2.55 billion yen, a 32.7% decrease compared to the same period last year. The operating profit margin worsened from 7.3% in the same period last year to 4.8%.

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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 84,330 5,093 5,331 3,579 28.5 44.6 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 96,560 7,317 7,544 4,545 36.1 52.0 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 101,440 4,326 4,609 2,845 21.1 39.4 Nov 5, 2024 J-GAAP
YoY +5.1% -40.9% -38.9% -37.4% -41.5%

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 113,800 6,860 7,120 4,610 34.2 16 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 101,440 4,326 4,609 2,845 21.1 16 Nov 5, 2024 J-GAAP
Revision Rate -10.9% -36.9% -35.3% -38.3% -38.2%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 240,000 17,100 17,500 11,000 81.7 32 May 13, 2024 J-GAAP
Mar, 2025 New 207,000 11,200 11,700 7,700 57.2 32 Nov 5, 2024 J-GAAP
Revision Rate -13.8% -34.5% -33.1% -30.0% -30.0%

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 101,994 6,528 6,954 4,574 35.6 15 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 105,560 6,874 7,091 4,855 36.1 16 Nov 5, 2024 J-GAAP
YoY +3.5% +5.3% +2.0% +6.1% +1.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 177,829 11,362 11,949 7,780 61.9 23.50 May 10, 2023 J-GAAP
Mar, 2024 198,554 13,845 14,498 9,119 70.9 30 May 13, 2024 J-GAAP
Mar, 2025 Guidance 207,000 11,200 11,700 7,700 57.2 32 Nov 5, 2024 J-GAAP
YoY +4.3% -19.1% -19.3% -15.6% -19.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 49,032 3,572 3,793 2,428 19.3 7.3 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 53,568 4,256 4,522 2,891 22.8 7.9 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 48,426 2,272 2,432 1,683 13.1 4.7 May 13, 2024 J-GAAP
Apr - Jun, 2024 49,680 1,855 2,057 1,223 9.1 3.7 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 51,760 2,471 2,552 1,622 12.0 4.8 Nov 5, 2024 J-GAAP
YoY +5.6% -30.8% -32.7% -33.2% -37.6%

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