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ASTI CORPORATION, First Half Ordinary Profit Decreases by 80%, July-September Ordinary Profit Turns to Loss

Mon Nov 11, 2024 4:00 pm JST Earnings

6899 ASTI CORPORATION 【J-GAAP】

Earnings Report

ASTI CORPORATION <6899> [TSE-S] announced its financial results after the market closed on November 11th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 80.3% from the same period last year to 356 million yen. The progress rate against the 800 million yen full-year plan was 44.5%, also falling below the five-year average of 57.2%.

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 significant drop by 65.3% from the same period last year to 444 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 197 million yen (compared to a profit of 624 million yen in the same period last year). The operating profit margin worsened from 3.2% in the same period last year to 2.1%.

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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 33,907 1,040 1,570 1,109 354.8 74.9 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 30,202 1,152 1,803 1,507 482.2 58.5 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 30,533 533 356 160 51.3 44.5 Nov 11, 2024 J-GAAP
YoY +1.1% -53.7% -80.3% -89.4% -89.4%

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 30,000 550 400 250 80.0 0 Sep 27, 2024 J-GAAP
Apr - Sep, 2024 Results 30,533 533 356 160 51.3 0 Nov 11, 2024 J-GAAP
Revision Rate +1.8% -3.1% -11.0% -36.0% -35.8%

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 33,405 1,082 1,278 1,188 380.1 150 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 30,467 767 444 340 108.8 50 Nov 11, 2024 J-GAAP
YoY -8.8% -29.1% -65.3% -71.4% -71.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 64,883 1,894 2,095 1,512 483.9 90 May 15, 2023 J-GAAP
Mar, 2024 63,607 2,234 3,081 2,695 862.3 150 May 14, 2024 J-GAAP
Mar, 2025 Guidance 61,000 1,300 800 500 160.0 50 Sep 27, 2024 J-GAAP
YoY -4.1% -41.8% -74.0% -81.4% -81.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 15,172 490 624 514 164.5 3.2 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 16,867 816 590 371 118.7 4.8 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 16,538 266 688 817 261.4 1.6 May 14, 2024 J-GAAP
Apr - Jun, 2024 14,886 209 553 433 138.6 1.4 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 15,647 324 -197 -273 -87.6 2.1 Nov 11, 2024 J-GAAP
YoY +3.1% -33.9% － － －

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