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Akasaka Diesels Ltd., July-September (2Q) Ordinary Profit Loss Widens

Fri Nov 8, 2024 3:00 pm JST Earnings

6022 Akasaka Diesels Ltd. 【J-GAAP】

Earnings Report

Akasaka Diesels Ltd. <6022> [TSE-S] announced its financial results in the afternoon session on November 8th (15:00). The ordinary profit/loss (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 36 million yen (compared to a loss of 62 million yen in the same period last year). The progress rate against the 50 million yen full-year plan was 72.0%, almost the same as the five-year average of 74.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to significant drop by 84.9% from the same period last year to 14 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary loss expanded to a loss of 48 million yen (compared to a loss of 18 million yen in the same period last year). The operating profit/loss margin worsened from -1.5% in the same period last year to -2.2%.

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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 3,442 122 186 116 88.3 58.7 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 3,781 -89 -62 -45 -34.0 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 3,916 18 36 21 16.2 72.0 Nov 8, 2024 J-GAAP
YoY +3.6%

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 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 3,916 18 36 21 16.2 Nov 8, 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 4,153 77 93 82 62.5 30 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,584 -8 14 14 10.5 Nov 8, 2024 J-GAAP
YoY -13.7% -84.9% -82.9% -83.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 6,594 112 317 254 192.4 30 May 11, 2023 J-GAAP
Mar, 2024 7,934 -12 31 37 28.2 30 May 13, 2024 J-GAAP
Mar, 2025 Guidance 7,500 10 50 35 26.1 May 13, 2024 J-GAAP
YoY -5.5% +61.3% -5.4% -7.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,917 -29 -18 -13 -9.8 -1.5 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 1,576 -262 -243 -165 -124.7 -16.6 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 2,577 339 336 247 188.2 13.2 May 13, 2024 J-GAAP
Apr - Jun, 2024 1,710 67 84 55 41.6 3.9 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 2,206 -49 -48 -34 -26.3 -2.2 Nov 8, 2024 J-GAAP
YoY +15.1% -69.0% -166.7% -161.5% -167.1%

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