Aoba-BBT, Inc., First Half Ordinary Profit Decreases by 13%, July-September Ordinary Profit Decreases by 9%

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Thu Nov 7, 2024 4:00 pm JST Earnings

2464 Aoba-BBT, Inc. 【J-GAAP】

Earnings Report

Aoba-BBT, Inc. <2464> [TSE-S] 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) decreased by 13.2% from the same period last year to 190 million yen. The progress rate against the 512 million yen full-year plan was 37.1%, also falling below the five-year average of 56.3%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand by 90.5% from the same period last year, reaching 322 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 165 million yen, a 8.8% decrease compared to the same period last year. The operating profit margin worsened from 9.0% in the same period last year to 8.2%.

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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	3,602	128	120	773	54.9	36.8	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	3,776	221	219	114	8.2	56.4	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	3,779	191	190	98	7.3	37.1	Nov 7, 2024	J-GAAP
YoY	+0.1%	-13.6%	-13.2%	-14.0%	-10.8%

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	－	0	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	3,779	191	190	98	7.3	0	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	3,698	162	169	128	9.3	11	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	4,534	310	322	198	14.9	11	Nov 7, 2024	J-GAAP
YoY	+22.6%	+91.4%	+90.5%	+54.7%	+60.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	7,257	329	326	723	51.4	16	May 15, 2023	J-GAAP
Mar, 2024	7,474	383	388	242	17.5	11	May 15, 2024	J-GAAP
Mar, 2025 Guidance	8,313	501	512	296	22.2	11	May 15, 2024	J-GAAP
YoY	+11.2%	+30.8%	+32.0%	+22.3%	+26.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,011	181	181	112	8.0	9.0	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	1,884	87	88	20	1.4	4.6	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	1,814	75	81	108	7.8	4.1	May 15, 2024	J-GAAP
Apr - Jun, 2024	1,758	25	25	4	0.3	1.4	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	2,021	166	165	94	7.0	8.2	Nov 7, 2024	J-GAAP
YoY	+0.5%	-8.3%	-8.8%	-16.1%	-13.0%