Alfresa Holdings Corporation, The Current Fiscal Year Net Income Revised Upward by 8%

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Thu Nov 7, 2024 3:30 pm JST Earnings

2784 Alfresa Holdings Corporation 【J-GAAP】

Earnings Report

Alfresa Holdings Corporation <2784> [TSE-P] announced its financial results after the market closed on November 7th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 18.7% from the same period last year, reaching 14 billion yen.

In addition, the full-year consolidated net income has been revised upward by 7.7%, from the previous forecast of 26 billion yen to 28 billion yen (compared to 29.5 billion yen in the previous period), and the declining rate is expected to decrease from 12.0% to 5.3%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to decrease by 21.3% from the same period last year to 13.9 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income grew by 23.5% from the same period last year, reaching 9.63 billion yen. However, the operating profit margin remained almost flat, changing from 1.4% in the same period last year to 1.1%.

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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	1,332,419	10,227	11,488	7,001	34.6	35.0	Nov 7, 2022	J-GAAP
Apr - Sep, 2023	1,427,856	15,998	17,280	11,850	60.3	43.2	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	1,456,355	14,995	16,279	14,065	75.3	40.7	Nov 7, 2024	J-GAAP
YoY	+2.0%	-6.3%	-5.8%	+18.7%	+24.8%

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	1,456,300	15,000	16,200	14,000	74.9	31	Oct 31, 2024	J-GAAP
Apr - Sep, 2024 Results	1,456,355	14,995	16,279	14,065	75.3	31	Nov 7, 2024	J-GAAP
Revision Rate	+0.0%	0.0%	+0.5%	+0.5%	+0.5%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	2,965,000	37,300	40,000	26,000	140.2	63	May 14, 2024	J-GAAP
Mar, 2025 New	2,965,000	37,300	40,000	28,000	151.0	63	Nov 7, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	+7.7%	+7.7%

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	1,430,644	22,462	22,717	17,708	92.3	36	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,508,645	22,305	23,721	13,935	75.1	32	Nov 7, 2024	J-GAAP
YoY	+5.5%	-0.7%	+4.4%	-21.3%	-18.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	2,696,069	30,148	32,831	25,786	127.4	57	May 15, 2023	J-GAAP
Mar, 2024	2,858,500	38,460	39,997	29,558	154.1	70	May 14, 2024	J-GAAP
Mar, 2025 Guidance	2,965,000	37,300	40,000	28,000	151.0	63	Nov 7, 2024	J-GAAP
YoY	+3.7%	-3.0%	+0.0%	-5.3%	-2.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	718,800	10,163	10,862	7,801	39.7	1.4	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	751,947	13,946	13,935	9,021	46.7	1.9	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	678,697	8,516	8,782	8,687	45.3	1.3	May 14, 2024	J-GAAP
Apr - Jun, 2024	722,365	6,690	7,241	4,431	23.7	0.9	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	733,990	8,305	9,038	9,634	51.6	1.1	Nov 7, 2024	J-GAAP
YoY	+2.1%	-18.3%	-16.8%	+23.5%	+29.9%