ASAHI Net, Inc., First Half Ordinary Profit Increases by 50%, July-September Ordinary Profit Increases by 36%

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Thu Nov 7, 2024 3:30 pm JST Earnings

3834 ASAHI Net, Inc. 【J-GAAP】

Earnings Report

ASAHI Net, Inc. <3834> [TSE-P] announced its financial results after the market closed on November 7th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 1.27 billion yen, an increase of 49.6% compared to the same period last year. The progress rate against the 2.2 billion yen full-year plan was 58.0%, also surpassing the five-year average of 48.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to decrease by 18.4% from the same period last year to 924 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit increased by 35.8% from the same period last year, reaching 633 million yen. The operating profit margin rose from 15.4% in the same period last year to 19.3%.

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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	6,045	898	902	667	23.8	48.9	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	6,043	843	853	555	20.0	43.0	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	6,496	1,265	1,276	977	36.1	58.0	Nov 7, 2024	J-GAAP
YoY	+7.5%	+50.1%	+49.6%	+76.0%	+80.8%

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	May 9, 2024	J-GAAP
Apr - Sep, 2024 Results	6,496	1,265	1,276	977	36.1	12	Nov 7, 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	6,174	1,122	1,133	734	26.5	11.50	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	6,304	935	924	563	21.0	12	Nov 7, 2024	J-GAAP
YoY	+2.1%	-16.7%	-18.4%	-23.3%	-20.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	12,170	1,841	1,846	1,285	45.9	22.50	May 10, 2023	J-GAAP
Mar, 2024	12,217	1,965	1,986	1,289	46.5	23	May 9, 2024	J-GAAP
Mar, 2025 Guidance	12,800	2,200	2,200	1,540	57.4	24	May 9, 2024	J-GAAP
YoY	+4.8%	+12.0%	+10.8%	+19.5%	+23.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,014	465	466	291	10.5	15.4	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	3,024	492	493	337	12.1	16.3	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	3,150	630	640	397	14.3	20.0	May 9, 2024	J-GAAP
Apr - Jun, 2024	3,231	636	643	545	20.0	19.7	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	3,265	629	633	432	16.0	19.3	Nov 7, 2024	J-GAAP
YoY	+8.3%	+35.3%	+35.8%	+48.5%	+52.5%