Advanex inc., First Half Ordinary Profit Turns to Loss, July-September Ordinary Profit Loss Widens

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Mon Nov 11, 2024 4:00 pm JST Earnings

5998 Advanex inc. 【J-GAAP】

Earnings Report

Advanex inc. <5998> [TSE-S] announced its financial results after the market closed on November 11th (16:00). 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 816 million yen (compared to a profit of 502 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 for the October to March period (second half) is expected to surge by 3.1 times that of the same period last year, reaching 1.01 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss expanded to a loss of 784 million yen (compared to a loss of 69 million yen in the same period last year). However, the operating profit/loss margin significantly improved from -0.1% in the same period last year to 3.2%.

Kabutan News

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	11,882	-186	591	226	55.2	101.0	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	13,238	129	502	358	87.2	60.3	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	13,837	336	-816	-924	-225.0	ー	Nov 11, 2024	J-GAAP
YoY	+4.5%	+160.5%	－	－	－

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	－	－	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	13,837	336	-816	-924	-225.0	－	Nov 11, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	13,311	236	330	-90	-22.0	20	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	12,163	-36	1,016	1,224	298.1	20	Nov 11, 2024	J-GAAP
YoY	-8.6%	－	+207.9%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	24,628	61	585	60	14.6	12	May 12, 2023	J-GAAP
Mar, 2024	26,549	365	832	268	65.5	20	May 10, 2024	J-GAAP
Mar, 2025 Guidance	26,000	300	200	300	73.1	20	May 10, 2024	J-GAAP
YoY	-2.1%	-17.8%	-76.0%	+11.9%	+11.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	6,927	-10	-69	-65	-15.8	-0.1	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	6,699	110	-63	-192	-46.8	1.6	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	6,612	126	393	102	24.9	1.9	May 10, 2024	J-GAAP
Apr - Jun, 2024	6,834	110	-32	66	16.3	1.6	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	7,003	226	-784	-990	-241.1	3.2	Nov 11, 2024	J-GAAP
YoY	+1.1%	－	-1,036.2%	-1,423.1%	-1,423.1%