ARIAKE JAPAN Co.,Ltd., First Half Ordinary Profit Revised Downward to an Unexpected 29%Decrease

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Fri Nov 8, 2024 10:00 am JST Earnings

2815 ARIAKE JAPAN Co.,Ltd. 【J-GAAP】

Earnings Report

ARIAKE JAPAN Co.,Ltd. <2815> [TSE-P] announced its financial results in the morning on November 8th (10:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 29.4% from the same period last year to 3.47 billion yen, resulting in a decrease in profits compared to the previous forecast of a 8.9% increase.

The progress rate against the 11.4 billion yen full-year plan was 30.5%, also falling below the five-year average of 46.7%.

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 36.9% from the same period last year, reaching 7.92 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 560 million yen, a 73.1% decrease compared to the same period last year. However, the operating profit margin rose from 12.2% in the same period last year to 15.5%.

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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	26,413	4,057	4,636	2,991	93.9	50.0	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	27,873	3,713	4,921	3,315	104.1	45.9	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	31,515	4,724	3,472	2,094	65.8	30.5	Nov 8, 2024	J-GAAP
YoY	+13.1%	+27.2%	-29.4%	-36.8%	-36.8%

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	29,516	4,554	5,358	3,510	110.2	20	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	31,515	4,724	3,472	2,094	65.8	20	Nov 8, 2024	J-GAAP
Revision Rate	+6.8%	+3.7%	-35.2%	-40.3%	-40.3%

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	32,108	4,949	5,791	4,038	126.8	90	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	31,285	5,176	7,928	5,706	179.2	90	Nov 8, 2024	J-GAAP
YoY	-2.6%	+4.6%	+36.9%	+41.3%	+41.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	55,698	8,455	9,270	6,385	200.5	102	May 12, 2023	J-GAAP
Mar, 2024	59,981	8,662	10,712	7,353	230.9	110	May 10, 2024	J-GAAP
Mar, 2025 Guidance	62,800	9,900	11,400	7,800	244.9	110	May 10, 2024	J-GAAP
YoY	+4.7%	+14.3%	+6.4%	+6.1%	+6.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	14,371	1,757	2,078	1,445	45.4	12.2	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	16,825	2,635	1,687	1,125	35.3	15.7	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	15,283	2,314	4,104	2,913	91.5	15.1	May 10, 2024	J-GAAP
Apr - Jun, 2024	15,289	2,217	2,912	1,814	57.0	14.5	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	16,226	2,507	560	280	8.8	15.5	Nov 8, 2024	J-GAAP
YoY	+12.9%	+42.7%	-73.1%	-80.6%	-80.6%