ASAHI PRINTING CO.,LTD., July-September (2Q) Ordinary Profit Decreases by 14%

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Mon Nov 11, 2024 4:00 pm JST Earnings

3951 ASAHI PRINTING CO.,LTD. 【J-GAAP】

Earnings Report

ASAHI PRINTING CO.,LTD. <3951> [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) was 1.39 billion yen, a 2.3% decrease compared to the same period last year. The progress rate against the 2.7 billion yen full-year plan was 51.5%, almost the same as the five-year average of 52.8%.

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 expand by 45.4% from the same period last year, reaching 1.31 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 537 million yen, a 13.9% decrease compared to the same period last year. The operating profit margin worsened from 5.5% in the same period last year to 4.8%.

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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	19,819	1,170	1,296	943	43.4	51.1	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	20,884	1,315	1,422	1,069	49.3	61.2	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	21,656	1,285	1,390	1,075	50.6	51.5	Nov 11, 2024	J-GAAP
YoY	+3.7%	-2.3%	-2.3%	+0.6%	+2.6%

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	ー	ー	ー	ー	－	18	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	21,656	1,285	1,390	1,075	50.6	18	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	20,987	715	901	558	25.8	20	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	22,444	1,365	1,310	725	34.1	20	Nov 11, 2024	J-GAAP
YoY	+6.9%	+90.9%	+45.4%	+29.9%	+32.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	40,302	2,259	2,535	1,707	78.4	35	May 12, 2023	J-GAAP
Mar, 2024	41,871	2,030	2,323	1,627	75.3	35	May 10, 2024	J-GAAP
Mar, 2025 Guidance	44,100	2,650	2,700	1,800	84.8	38	May 10, 2024	J-GAAP
YoY	+5.3%	+30.5%	+16.2%	+10.6%	+12.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	10,477	579	624	429	19.8	5.5	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	10,425	266	286	100	4.6	2.6	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	10,562	449	615	458	21.2	4.3	May 10, 2024	J-GAAP
Apr - Jun, 2024	11,067	777	853	604	28.4	7.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	10,589	508	537	471	22.2	4.8	Nov 11, 2024	J-GAAP
YoY	+1.1%	-12.3%	-13.9%	+9.8%	+12.0%