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APPLE INTERNATIONALCO.,LTD., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 3%, Exceeds Full-Year Plan

Fri Nov 8, 2024 3:30 pm JST Earnings

2788 APPLE INTERNATIONALCO.,LTD. 【J-GAAP】

Earnings Report

APPLE INTERNATIONALCO.,LTD. <2788> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) was 1.34 billion yen, a 2.8% increase compared to the same period last year. The progress rate against the full-year plan of 1.29 billion yen is 103.4%, already exceeding the target and also exceeding the five-year average of 81.1%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary loss for the October to December period (4Q) is expected to expand to a loss of 44 million yen (compared to a loss of 36 million yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit increased by 38.4% from the same period last year, reaching 422 million yen. The operating profit margin improved from 3.2% in the same period last year to 3.9%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2022 23,101 1,295 1,495 1,164 85.9 87.9 Nov 11, 2022 J-GAAP
Jan - Sep, 2023 23,541 1,098 1,307 1,020 79.0 102.8 Nov 10, 2023 J-GAAP
Jan - Sep, 2024 33,526 1,228 1,343 1,019 79.4 103.4 Nov 8, 2024 J-GAAP
YoY +42.4% +11.8% +2.8% -0.1% +0.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 14,793 236 269 223 17.3 15 Feb 16, 2024 J-GAAP
Jul - Dec, 2024 Guidance 13,824 392 378 244 19.0 10 Aug 6, 2024 J-GAAP
YoY -6.6% +66.1% +40.5% +9.4% +9.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 29,222 1,458 1,701 1,330 99.3 5 Feb 17, 2023 J-GAAP
Dec, 2023 30,911 1,098 1,271 1,007 78.2 15 Feb 16, 2024 J-GAAP
Dec, 2024 Guidance 36,971 1,214 1,299 920 71.6 10 Aug 6, 2024 J-GAAP
YoY +19.6% +10.6% +2.2% -8.6% -8.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 7,423 236 305 236 18.3 3.2 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 7,370 0 -36 -13 -1.0 0.0 Feb 16, 2024 J-GAAP
Jan - Mar, 2024 13,378 488 548 424 33.1 3.6 May 10, 2024 J-GAAP
Apr - Jun, 2024 9,769 334 373 252 19.6 3.4 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 10,379 406 422 343 26.7 3.9 Nov 8, 2024 J-GAAP
YoY +39.8% +72.0% +38.4% +45.3% +46.1%

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