A&A Material Corporation, July-September (2Q) Ordinary Profit Decreases by 7%

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Wed Nov 6, 2024 3:00 pm JST Earnings

5391 A&A Material Corporation 【J-GAAP】

Earnings Report

A&A Material Corporation <5391> [TSE-S] announced its financial results in the afternoon session on November 6th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 879 million yen, a 1.7% increase compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 10.9% decrease.

However, The progress rate against the 2.45 billion yen full-year plan was 35.9%, also falling below the five-year average of 39.0%.

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 2.1% from the same period last year, reaching 1.57 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 696 million yen, a 7.2% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 6.8% in the same period last year to 6.7%.

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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	19,258	534	619	330	43.3	42.6	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	19,556	778	864	1,634	213.5	36.0	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	20,246	882	879	533	69.6	35.9	Nov 6, 2024	J-GAAP
YoY	+3.5%	+13.4%	+1.7%	-67.4%	-67.4%

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	20,000	850	770	350	45.7	30	May 8, 2024	J-GAAP
Apr - Sep, 2024 Results	20,246	882	879	533	69.6	30	Nov 6, 2024	J-GAAP
Revision Rate	+1.2%	+3.8%	+14.2%	+52.3%	+52.2%

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	21,726	1,540	1,539	1,065	139.1	25	May 8, 2024	J-GAAP
Oct - Mar, 2024 Guidance	22,754	1,618	1,571	767	99.9	30	Nov 6, 2024	J-GAAP
YoY	+4.7%	+5.1%	+2.1%	-28.0%	-28.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	39,200	1,489	1,453	931	121.8	45	May 9, 2023	J-GAAP
Mar, 2024	41,282	2,318	2,403	2,699	352.5	50	May 8, 2024	J-GAAP
Mar, 2025 Guidance	43,000	2,500	2,450	1,300	169.4	60	May 8, 2024	J-GAAP
YoY	+4.2%	+7.9%	+2.0%	-51.8%	-51.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	10,596	722	750	545	71.2	6.8	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	10,856	511	493	299	39.1	4.7	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	10,870	1,029	1,046	766	100.0	9.5	May 8, 2024	J-GAAP
Apr - Jun, 2024	9,760	178	183	131	17.2	1.8	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	10,486	704	696	402	52.5	6.7	Nov 6, 2024	J-GAAP
YoY	-1.0%	-2.5%	-7.2%	-26.2%	-26.3%