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Asahi Diamond Industrial Co.,Ltd., First Half Ordinary Profit Unexpectedly Revised Upward by 34%

Fri Nov 8, 2024 3:00 pm JST Earnings

6140 Asahi Diamond Industrial Co.,Ltd. 【J-GAAP】

Earnings Report

Asahi Diamond Industrial Co.,Ltd. <6140> [TSE-P] announced its financial results in the afternoon session on November 8th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 1.62 billion yen, an increase of 34.0% compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 13.6% decrease.

The progress rate against the 3.5 billion yen full-year plan was 46.5%, almost the same as the five-year average of 46.6%.

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 56.9% from the same period last year, reaching 1.87 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 4.6% from the same period last year, reaching 689 million yen. The operating profit margin significantly improved from 3.9% in the same period last year to 7.0%.

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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 19,656 1,536 2,129 1,549 28.1 65.0 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 18,827 638 1,215 1,269 24.2 50.5 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 20,688 1,299 1,628 1,129 21.9 46.5 Nov 8, 2024 J-GAAP
YoY +9.9% +103.6% +34.0% -11.0% -9.5%

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 20,000 900 1,050 850 16.5 15 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 20,688 1,299 1,628 1,129 21.9 15 Nov 8, 2024 J-GAAP
Revision Rate +3.4% +44.3% +55.0% +32.8% +32.8%

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 19,826 888 1,193 840 16.2 15 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 21,812 1,801 1,872 1,471 28.6 15 Nov 8, 2024 J-GAAP
YoY +10.0% +102.8% +56.9% +75.1% +76.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 39,320 2,506 3,275 2,765 50.9 26 May 12, 2023 J-GAAP
Mar, 2024 38,653 1,526 2,408 2,109 40.6 30 May 15, 2024 J-GAAP
Mar, 2025 Guidance 42,500 3,100 3,500 2,600 50.5 30 May 15, 2024 J-GAAP
YoY +10.0% +103.1% +45.3% +23.3% +24.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 9,799 386 659 737 14.1 3.9 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 10,158 425 585 423 8.1 4.2 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 9,668 463 608 417 8.0 4.8 May 15, 2024 J-GAAP
Apr - Jun, 2024 9,979 547 939 802 15.6 5.5 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 10,709 752 689 327 6.3 7.0 Nov 8, 2024 J-GAAP
YoY +9.3% +94.8% +4.6% -55.6% -54.9%

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