ASHIMORI INDUSTRY CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 28%

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Fri Nov 8, 2024 4:00 pm JST Earnings

3526 ASHIMORI INDUSTRY CO.,LTD. 【J-GAAP】

Earnings Report

ASHIMORI INDUSTRY CO.,LTD. <3526> [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) increased by 9.9% from the same period last year, reaching 1.74 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 28.1%, from the previous forecast of 3.2 billion yen to 4.1 billion yen (compared to 4.2 billion yen in the previous period), and the declining rate is expected to decrease from 23.8% to 2.4%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 10.0% from the same period last year to 2.35 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 337 million yen, a 55.4% decrease compared to the same period last year. However, the operating profit margin improved from 3.6% in the same period last year to 5.7%.

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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	29,087	444	1,169	1,036	172.6	41.8	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	31,182	1,085	1,589	1,294	215.6	37.8	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	34,523	2,127	1,747	275	45.8	42.6	Nov 8, 2024	J-GAAP
YoY	+10.7%	+96.0%	+9.9%	-78.7%	-78.7%

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	34,523	2,127	1,747	275	45.8	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	68,000	3,200	3,200	2,000	332.3	100	May 10, 2024	J-GAAP
Mar, 2025 New	68,000	4,500	4,100	2,000	332.3	100	Nov 8, 2024	J-GAAP
Revision Rate	0.0%	+40.6%	+28.1%	0.0%	0.0%

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	37,207	2,668	2,613	1,923	320.2	100	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	33,477	2,373	2,353	1,725	286.6	100	Nov 8, 2024	J-GAAP
YoY	-10.0%	-11.1%	-10.0%	-10.3%	-10.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	65,624	2,152	2,796	1,017	169.4	50	May 12, 2023	J-GAAP
Mar, 2024	68,389	3,753	4,202	3,217	535.7	100	May 10, 2024	J-GAAP
Mar, 2025 Guidance	68,000	4,500	4,100	2,000	332.3	100	Nov 8, 2024	J-GAAP
YoY	-0.6%	+19.9%	-2.4%	-37.8%	-38.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	16,303	586	756	505	84.1	3.6	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	18,419	1,209	1,049	710	118.3	6.6	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	18,788	1,459	1,564	1,213	202.0	7.8	May 10, 2024	J-GAAP
Apr - Jun, 2024	17,522	1,154	1,410	1,053	175.4	6.6	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	17,001	973	337	-778	-129.6	5.7	Nov 8, 2024	J-GAAP
YoY	+4.3%	+66.0%	-55.4%	－	－