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ASAKA INDUSTRIAL CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 27%, Dividend Revised Upward by 10 yen

Mon Nov 11, 2024 2:00 pm JST Earnings

5962 ASAKA INDUSTRIAL CO.,LTD. 【J-GAAP】

Earnings Report

ASAKA INDUSTRIAL CO.,LTD. <5962> [TSE-S] announced its financial results in the afternoon session on November 11th (14:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 17.0% from the same period last year, reaching 310 million yen.

In addition, the full-year ordinary profit has been revised upward by 26.9%, from the previous forecast of 260 million yen to 330 million yen (compared to 370 million yen in the previous period), and the declining rate is expected to decrease from 29.7% to 10.8%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to significant drop by 81.0% from the same period last year to 20 million yen.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 40 yen to 50 yen (compared to 50 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the ordinary profit dropped to 89 million yen, a 31.5% decrease compared to the same period last year. The operating profit margin worsened from 5.5% 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 4,103 107 122 81 84.9 41.4 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 4,471 221 265 181 188.6 71.6 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 4,635 286 310 214 223.4 93.9 Nov 11, 2024 J-GAAP
YoY +3.7% +29.4% +17.0% +18.2% +18.5%

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 13, 2024 J-GAAP
Apr - Sep, 2024 Results 4,635 286 310 214 223.4 0 Nov 11, 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 8,500 200 260 175 182.2 40 May 13, 2024 J-GAAP
Mar, 2025 New 8,600 300 330 220 229.0 50 Nov 11, 2024 J-GAAP
Revision Rate +1.2% +50.0% +26.9% +25.7% +25.7%

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 4,111 90 105 121 126.2 50 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,965 14 20 6 6.3 50 Nov 11, 2024 J-GAAP
YoY -3.6% -84.4% -81.0% -95.0% -95.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 8,562 276 295 195 203.2 40 May 12, 2023 J-GAAP
Mar, 2024 8,582 311 370 302 315.0 50 May 13, 2024 J-GAAP
Mar, 2025 Guidance 8,600 300 330 220 229.0 50 Nov 11, 2024 J-GAAP
YoY +0.2% -3.5% -10.8% -27.2% -27.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,279 125 130 89 92.7 5.5 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 2,376 117 126 132 137.7 4.9 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 1,735 -27 -21 -11 -11.5 -1.6 May 13, 2024 J-GAAP
Apr - Jun, 2024 2,450 183 221 153 159.8 7.5 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 2,185 103 89 61 63.7 4.7 Nov 11, 2024 J-GAAP
YoY -4.1% -17.6% -31.5% -31.5% -31.3%

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