ACOM CO.,LTD., First Half Ordinary Profit Unexpectedly Revised Upward by 9%

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Mon Nov 11, 2024 3:30 pm JST Earnings

8572 ACOM CO.,LTD. 【J-GAAP】

Earnings Report

ACOM CO.,LTD. <8572> [TSE-S] 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) increased by 8.7% from the same period last year, reaching 48.2 billion yen, resulting in an increase in profits compared to the previous forecast of a 3.8% decrease.

However, The progress rate against the 87.5 billion yen full-year plan was 55.1%, it was below the five-year average of 73.4%.

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 decrease by 7.3% from the same period last year to 39.2 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 17.2% from the same period last year, reaching 26.1 billion yen. The operating profit margin rose from 30.4% in the same period last year to 33.0%.

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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	135,068	48,798	48,846	33,016	21.1	55.8	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	144,299	44,218	44,382	27,287	17.4	51.2	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	156,299	48,022	48,239	29,859	19.1	55.1	Nov 11, 2024	J-GAAP
YoY	+8.3%	+8.6%	+8.7%	+9.4%	+9.4%

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	153,900	42,500	42,700	25,800	16.5	7	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	156,299	48,022	48,239	29,859	19.1	7	Nov 11, 2024	J-GAAP
Revision Rate	+1.6%	+13.0%	+13.0%	+15.7%	+15.7%

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	150,431	42,129	42,333	25,804	16.5	6	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	157,201	39,078	39,261	25,741	16.4	7	Nov 11, 2024	J-GAAP
YoY	+4.5%	-7.2%	-7.3%	-0.2%	-0.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	273,793	87,287	87,485	54,926	35.1	10	May 11, 2023	J-GAAP
Mar, 2024	294,730	86,347	86,715	53,091	33.9	12	May 13, 2024	J-GAAP
Mar, 2025 Guidance	313,500	87,100	87,500	55,600	35.5	14	May 13, 2024	J-GAAP
YoY	+6.4%	+0.9%	+0.9%	+4.7%	+4.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	73,373	22,291	22,300	13,511	8.6	30.4	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	74,687	22,649	22,631	14,430	9.2	30.3	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	75,744	19,480	19,702	11,374	7.3	25.7	May 13, 2024	J-GAAP
Apr - Jun, 2024	77,236	21,958	22,097	13,632	8.7	28.4	Jul 29, 2024	J-GAAP
Jul - Sep, 2024	79,063	26,064	26,142	16,227	10.4	33.0	Nov 11, 2024	J-GAAP
YoY	+7.8%	+16.9%	+17.2%	+20.1%	+20.0%