atect corporation, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 81% Decrease

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Fri Nov 8, 2024 3:30 pm JST Earnings

4241 atect corporation 【J-GAAP】

Earnings Report

atect corporation <4241> [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) significantly dropped by 73.0% from the same period last year to 38 million yen.

In addition, the full-year consolidated ordinary profit has downwardly by 90.0%, from the previous forecast of 150 million yen to 15 million yen (compared to 78 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 80.8% decrease in profit.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary loss for the October to March period (second half) is expected to further decrease to loss of 23 million yen (compared to a loss of 63 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 18 million yen (compared to a profit of 39 million yen in the same period last year). The operating profit/loss margin drastically worsened from 4.6% in the same period last year to -0.8%.

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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	1,442	95	125	98	22.4	64.8	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	1,699	127	141	104	23.5	180.8	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	1,652	47	38	24	5.5	253.3	Nov 8, 2024	J-GAAP
YoY	-2.8%	-63.0%	-73.0%	-76.9%	-76.6%

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	－	0	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	1,652	47	38	24	5.5	0	Nov 8, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	3,300	170	150	100	22.6	10	May 10, 2024	J-GAAP
Mar, 2025 New	3,100	30	15	1	0.2	10	Nov 8, 2024	J-GAAP
Revision Rate	-6.1%	-82.4%	-90.0%	-99.0%	-99.0%

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	1,476	-63	-63	-348	-78.8	10	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,448	-17	-23	-23	-5.3	10	Nov 8, 2024	J-GAAP
YoY	-1.9%	+73.0%	+63.5%	+93.4%	+93.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	2,961	176	193	158	36.0	10	May 10, 2023	J-GAAP
Mar, 2024	3,175	64	78	-244	-55.3	10	May 10, 2024	J-GAAP
Mar, 2025 Guidance	3,100	30	15	1	0.2	10	Nov 8, 2024	J-GAAP
YoY	-2.4%	-53.1%	-80.8%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	835	38	39	28	6.3	4.6	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	751	-14	-16	-17	-3.9	-1.9	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	725	-49	-47	-331	-75.0	-6.8	May 10, 2024	J-GAAP
Apr - Jun, 2024	888	53	56	40	9.2	6.0	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	764	-6	-18	-16	-3.7	-0.8	Nov 8, 2024	J-GAAP
YoY	-8.5%	－	－	－	－