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

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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	ー	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	ー	ー	ー	ー	－	－	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%