AXIS CO.,LTD., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 28%, July-September Ordinary Profit Increases by 38%

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Thu Nov 7, 2024 12:00 pm JST Earnings

4012 AXIS CO.,LTD. 【J-GAAP】

Earnings Report

AXIS CO.,LTD. <4012> [TSE-S] announced its financial results at noon (12:00) on November 7th. The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 28.5% from the same period last year, reaching 627 million yen. The progress rate against the 765 million yen full-year plan was 82.0%, also surpassing the four-year average of 74.6%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to December period (4Q) is expected to decrease by 22.5% from the same period last year to 138 million yen.

In the most recent three-month period, from July to September (3Q), the ordinary profit increased by 37.9% from the same period last year, reaching 200 million yen. The operating profit margin improved from 8.6% in the same period last year to 9.6%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	4,325	442	452	287	71.7	77.1	Nov 10, 2022	J-GAAP
Jan - Sep, 2023	4,809	476	488	316	77.6	73.3	Nov 9, 2023	J-GAAP
Jan - Sep, 2024	5,506	593	627	409	97.3	82.0	Nov 7, 2024	J-GAAP
YoY	+14.5%	+24.6%	+28.5%	+29.4%	+25.4%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	3,463	321	323	239	58.5	18	Feb 8, 2024	J-GAAP
Jul - Dec, 2024 Guidance	3,855	337	338	252	59.6	25	Aug 8, 2024	J-GAAP
YoY	+11.3%	+5.0%	+4.6%	+5.4%	+1.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	5,854	576	586	390	97.1	10	Feb 9, 2023	J-GAAP
Dec, 2023	6,581	652	666	462	113.1	18	Feb 8, 2024	J-GAAP
Dec, 2024 Guidance	7,504	752	765	526	124.3	25	Feb 8, 2024	J-GAAP
YoY	+14.0%	+15.3%	+14.9%	+13.9%	+9.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,691	145	145	93	22.9	8.6	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	1,772	176	178	146	35.8	9.9	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	1,806	219	226	145	35.0	12.1	May 9, 2024	J-GAAP
Apr - Jun, 2024	1,843	196	201	129	30.8	10.6	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	1,857	178	200	135	32.1	9.6	Nov 7, 2024	J-GAAP
YoY	+9.8%	+22.8%	+37.9%	+45.2%	+40.6%