ANEST IWATA Corporation, First Half Ordinary Profit Decreases by 12%, July-September Ordinary Profit Decreases by 10%

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Mon Nov 11, 2024 3:30 pm JST Earnings

6381 ANEST IWATA Corporation 【J-GAAP】

Earnings Report

ANEST IWATA Corporation <6381> [TSE-P] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 12.4% from the same period last year to 3.46 billion yen. The progress rate against the 7.8 billion yen full-year plan was 44.4%, almost the same as the five-year average of 47.2%.

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 grow by 7.5% from the same period last year, reaching 4.33 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.75 billion yen, a 9.8% decrease compared to the same period last year. However, the operating profit margin rose from 11.6% in the same period last year to 13.3%.

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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	22,613	2,340	3,098	1,973	48.8	44.0	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	25,898	2,866	3,951	2,623	64.8	49.5	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	27,060	2,962	3,462	2,194	55.4	44.4	Nov 11, 2024	J-GAAP
YoY	+4.5%	+3.3%	-12.4%	-16.4%	-14.6%

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	28,800	3,120	3,630	2,270	57.3	22	May 9, 2024	J-GAAP
Apr - Sep, 2024 Results	27,060	2,962	3,462	2,194	55.4	22	Nov 11, 2024	J-GAAP
Revision Rate	-6.0%	-5.1%	-4.6%	-3.3%	-3.4%

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	27,527	3,310	4,035	2,308	57.2	27	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	30,940	3,838	4,338	2,756	70.1	28	Nov 11, 2024	J-GAAP
YoY	+12.4%	+16.0%	+7.5%	+19.4%	+22.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	48,515	5,838	7,043	4,381	108.3	38	May 9, 2023	J-GAAP
Mar, 2024	53,425	6,176	7,986	4,931	122.1	49	May 9, 2024	J-GAAP
Mar, 2025 Guidance	58,000	6,800	7,800	4,950	125.9	50	May 9, 2024	J-GAAP
YoY	+8.6%	+10.1%	-2.3%	+0.4%	+3.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	13,723	1,597	1,950	1,247	30.8	11.6	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	13,072	1,628	1,905	1,012	25.0	12.5	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	14,455	1,682	2,130	1,296	32.1	11.6	May 9, 2024	J-GAAP
Apr - Jun, 2024	12,484	1,017	1,704	1,052	26.5	8.1	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	14,576	1,945	1,758	1,142	28.8	13.3	Nov 11, 2024	J-GAAP
YoY	+6.2%	+21.8%	-9.8%	-8.4%	-6.5%