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ARAYA INDUSTRIAL CO.,LTD., First Half Ordinary Profit Decreases by 38%, July-September Ordinary Profit Decreases by 28%

Fri Nov 8, 2024 4:00 pm JST Earnings

7305 ARAYA INDUSTRIAL CO.,LTD. 【J-GAAP】

Earnings Report

ARAYA INDUSTRIAL CO.,LTD. <7305> [TSE-S] announced its financial results after the market closed on November 8th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 38.3% from the same period last year to 923 million yen. The progress rate against the 2.4 billion yen full-year plan was 38.5%, also falling below the five-year average of 43.4%.

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 expand by 39.1% from the same period last year, reaching 1.47 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 408 million yen, a 27.5% decrease compared to the same period last year. The operating profit margin worsened from 4.6% in the same period last year to 4.0%.

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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 23,117 2,558 2,875 1,863 334.7 58.1 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 22,362 1,131 1,496 978 175.8 58.5 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 21,510 763 923 685 123.2 38.5 Nov 8, 2024 J-GAAP
YoY -3.8% -32.5% -38.3% -30.0% -29.9%

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 20,700 900 1,000 700 125.8 100 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 21,510 763 923 685 123.2 100 Nov 8, 2024 J-GAAP
Revision Rate +3.9% -15.2% -7.7% -2.1% -2.0%

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 22,194 922 1,062 713 128.2 155 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 21,190 1,437 1,477 1,015 212.9 200 Nov 8, 2024 J-GAAP
YoY -4.5% +55.9% +39.1% +42.4% +66.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 46,426 4,628 4,946 3,060 549.9 120 May 12, 2023 J-GAAP
Mar, 2024 44,556 2,053 2,558 1,691 303.9 155 May 14, 2024 J-GAAP
Mar, 2025 Guidance 42,700 2,200 2,400 1,700 356.6 300 May 14, 2024 J-GAAP
YoY -4.2% +7.2% -6.2% +0.5% +17.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 10,857 504 563 320 57.5 4.6 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 11,582 562 585 411 73.9 4.9 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 10,612 360 477 302 54.3 3.4 May 14, 2024 J-GAAP
Apr - Jun, 2024 10,869 341 515 405 72.8 3.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 10,641 422 408 280 50.4 4.0 Nov 8, 2024 J-GAAP
YoY -2.0% -16.3% -27.5% -12.5% -12.4%

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