Arisawa Mfg. Co.,Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 30%

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Thu Nov 7, 2024 4:00 pm JST Earnings

5208 Arisawa Mfg. Co.,Ltd. 【J-GAAP】

Earnings Report

Arisawa Mfg. Co.,Ltd. <5208> [TSE-P] announced its financial results after the market closed on November 7th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 13 times that of the same period last year, reaching 2.91 billion yen, exceeded the previous forecast of 2.1 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 30.3%, from the previous forecast of 3.3 billion yen to 4.3 billion yen (compared to 1.48 billion yen in the previous period), increasing the growth rate from 2.2 times to 2.9 times.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 8.9% from the same period last year, reaching 1.38 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 4.0 times that of the same period last year, reaching 1.57 billion yen. The operating profit margin drastically improved from 4.0% in the same period last year to 12.7%.

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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	22,994	1,861	2,408	2,563	77.4	88.6	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	19,895	169	218	563	17.0	14.7	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	25,172	2,734	2,917	2,122	63.9	67.8	Nov 7, 2024	J-GAAP
YoY	+26.5%	+1,517.8%	+1,238.1%	+276.9%	+275.5%

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	24,300	1,900	2,100	1,500	45.2	42	Aug 8, 2024	J-GAAP
Apr - Sep, 2024 Results	25,172	2,734	2,917	2,122	63.9	42	Nov 7, 2024	J-GAAP
Revision Rate	+3.6%	+43.9%	+38.9%	+41.5%	+41.5%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	48,900	3,200	3,300	2,400	72.1	84	May 9, 2024	J-GAAP
Mar, 2025 New	49,200	4,200	4,300	3,200	96.1	84	Nov 7, 2024	J-GAAP
Revision Rate	+0.6%	+31.3%	+30.3%	+33.3%	+33.3%

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	22,219	1,314	1,270	1,076	32.5	40	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	24,028	1,466	1,383	1,078	32.4	42	Nov 7, 2024	J-GAAP
YoY	+8.1%	+11.6%	+8.9%	+0.2%	-0.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	42,722	2,228	2,717	2,856	86.5	90	May 12, 2023	J-GAAP
Mar, 2024	42,114	1,483	1,488	1,639	49.5	60	May 9, 2024	J-GAAP
Mar, 2025 Guidance	49,200	4,200	4,300	3,200	96.1	84	Nov 7, 2024	J-GAAP
YoY	+16.8%	+183.2%	+189.0%	+95.2%	+94.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	10,401	416	390	764	23.1	4.0	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	10,964	479	500	418	12.6	4.4	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	11,255	835	770	658	19.9	7.4	May 9, 2024	J-GAAP
Apr - Jun, 2024	12,080	1,069	1,344	970	29.3	8.8	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	13,092	1,665	1,573	1,152	34.7	12.7	Nov 7, 2024	J-GAAP
YoY	+25.9%	+300.2%	+303.3%	+50.8%	+50.2%