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

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

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%.

Kabutan News

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	28.5	15	Nov 8, 2024	J-GAAP
YoY	+10.0%	+102.8%	+56.9%	+75.1%	+76.4%

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	50.4	30	May 15, 2024	J-GAAP
YoY	+10.0%	+103.1%	+45.3%	+23.3%	+24.2%

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%