ASEED HOLDINGS CO.,LTD., First Half Ordinary Profit Decreases by 15%, July-September Ordinary Profit Decreases by 29%

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Fri Nov 8, 2024 3:30 pm JST Earnings

9959 ASEED HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

ASEED HOLDINGS CO.,LTD. <9959> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 14.9% from the same period last year to 730 million yen. The progress rate against the 1.15 billion yen full-year plan was 63.5%, below the five-year average of 79.4%.

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 surge by 2.3 times that of the same period last year, reaching 420 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 389 million yen, a 29.4% decrease compared to the same period last year. The operating profit margin worsened from 7.5% in the same period last year to 4.7%.

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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	11,122	635	774	514	43.8	83.6	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	12,114	765	858	636	52.0	82.7	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	12,895	625	730	487	39.7	63.5	Nov 8, 2024	J-GAAP
YoY	+6.4%	-18.3%	-14.9%	-23.4%	-23.8%

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	ー	ー	ー	ー	－	9	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	12,895	625	730	487	39.7	9	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	11,146	2	180	132	10.8	9	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	13,105	325	420	313	25.4	9	Nov 8, 2024	J-GAAP
YoY	+17.6%	+16,150.0%	+133.3%	+137.1%	+136.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	21,228	675	926	602	51.2	16	May 12, 2023	J-GAAP
Mar, 2024	23,260	767	1,038	768	62.7	17	May 10, 2024	J-GAAP
Mar, 2025 Guidance	26,000	950	1,150	800	65.0	18	May 10, 2024	J-GAAP
YoY	+11.8%	+23.9%	+10.8%	+4.2%	+3.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	6,412	483	551	402	32.9	7.5	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	5,669	111	209	191	15.6	2.0	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	5,477	-109	-29	-59	-4.8	-2.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	6,210	311	341	184	15.0	5.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	6,685	314	389	303	24.7	4.7	Nov 8, 2024	J-GAAP
YoY	+4.3%	-35.0%	-29.4%	-24.6%	-25.0%