Avex Inc., First Half Ordinary Profit Turns to Loss, July-September Ordinary Profit Turns to Loss

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Thu Nov 7, 2024 3:30 pm JST Earnings

7860 Avex Inc. 【J-GAAP】

Earnings Report

Avex Inc. <7860> [TSE-P] announced its financial results after the market closed on November 7th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 2.38 billion yen (compared to a profit of 2.18 billion yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 1.14 billion yen (compared to a profit of 201 million yen in the same period last year). The operating profit/loss margin drastically worsened from 0.9% in the same period last year to -2.7%.

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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	54,060	3,619	3,771	3,207	71.2	93.0	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	64,355	2,167	2,186	2,458	54.4	192.3	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	56,131	-2,122	-2,385	1,632	36.5	ー	Nov 7, 2024	J-GAAP
YoY	-12.8%	－	－	-33.6%	-32.9%

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	－	25	May 9, 2024	J-GAAP
Apr - Sep, 2024 Results	56,131	-2,122	-2,385	1,632	36.5	25	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	69,032	-902	-1,049	-1,471	-32.5	25	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	4,122	ー	2,868	67.7	25	Nov 7, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	121,561	3,385	4,055	2,742	60.8	50	May 11, 2023	J-GAAP
Mar, 2024	133,387	1,265	1,137	987	21.8	50	May 9, 2024	J-GAAP
Mar, 2025 Guidance	ー	2,000	ー	4,500	106.2	50	Jun 21, 2024	J-GAAP
YoY	－	+58.1%	－	+355.9%	+386.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	32,382	286	201	-246	-5.4	0.9	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	30,027	-590	-881	-1,021	-22.6	-2.0	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	39,005	-312	-168	-450	-10.0	-0.8	May 9, 2024	J-GAAP
Apr - Jun, 2024	25,548	-1,281	-1,236	1,834	40.5	-5.0	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	30,583	-841	-1,149	-202	-4.5	-2.7	Nov 7, 2024	J-GAAP
YoY	-5.6%	－	－	+17.9%	+16.9%