AIGAN CO.,LTD., First Half Ordinary Profit Turns to Loss, July-September Ordinary Profit Decreases by 27%

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Mon Nov 11, 2024 3:30 pm JST Earnings

9854 AIGAN CO.,LTD. 【J-GAAP】

Earnings Report

AIGAN CO.,LTD. <9854> [TSE-S] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 19 million yen (compared to a profit of 49 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 145 million yen (compared to a loss of 108 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 119 million yen, a 27.4% decrease compared to the same period last year. The operating profit margin worsened from 3.6% in the same period last year to 2.6%.

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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	7,177	-269	-209	-388	-20.0	ー	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	7,664	16	49	-15	-0.8	ー	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	7,643	-46	-19	-61	-3.2	ー	Nov 11, 2024	J-GAAP
YoY	-0.3%	－	－	-306.7%	-293.7%

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	7,643	-46	-19	-61	-3.1	0	Nov 5, 2024	J-GAAP
Apr - Sep, 2024 Results	7,643	-46	-19	-61	-3.2	0	Nov 11, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	-0.3%

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	6,994	-139	-108	-166	-8.6	0	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	7,730	124	145	102	5.3	0	Nov 5, 2024	J-GAAP
YoY	+10.5%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	14,198	-475	-385	-803	-41.4	0	May 11, 2023	J-GAAP
Mar, 2024	14,658	-123	-59	-181	-9.4	0	May 10, 2024	J-GAAP
Mar, 2025 Guidance	15,373	78	126	41	2.1	0	Nov 5, 2024	J-GAAP
YoY	+4.9%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,050	144	164	120	6.4	3.6	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	3,573	-1	1	-11	-0.6	0.0	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	3,421	-138	-109	-155	-8.0	-4.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	3,532	-154	-138	-160	-8.3	-4.4	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	4,111	108	119	99	5.1	2.6	Nov 11, 2024	J-GAAP
YoY	+1.5%	-25.0%	-27.4%	-17.5%	-20.2%