ASMO CORPORATION, First Half Ordinary Profit Revised Downward to an Unexpected 61% Decrease, Full Year also Reduced

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Mon Nov 11, 2024 4:00 pm JST Revision

2654 ASMO CORPORATION 【J-GAAP】

Guidance Update Report

ASMO CORPORATION <2654> [TSE-S] announced a performance revision 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) has downwardly by 61.4%, from the previous forecast of 342 million yen to 132 million yen (compared to 339 million yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 61.1% decrease in profit.

Due to the deterioration of business performance in the first half of the year, the full-year consolidated ordinary profit has downwardly by 35.4%, from the previous forecast of 650 million yen to 420 million yen (compared to 666 million yen in the previous period), leading to an increase in the profit decline rate from 2.4% to 36.9%.

Kabutan News

Guidance Update

First Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Prev	10,100	310	342	255	18.9	0	May 14, 2024	J-GAAP
Apr - Sep, 2024 New	10,285	138	132	75	5.6	0	Nov 11, 2024	J-GAAP
Revision Rate	+1.8%	-55.5%	-61.4%	-70.6%	-70.6%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	20,300	610	650	400	29.7	10	May 14, 2024	J-GAAP
Mar, 2025 New	20,000	360	420	290	21.5	10	Nov 11, 2024	J-GAAP
Revision Rate	-1.5%	-41.0%	-35.4%	-27.5%	-27.5%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	10,235	300	339	199	14.8	0	Nov 14, 2023	J-GAAP
Apr - Sep, 2024 Guidance	10,285	138	132	75	5.6	0	Nov 11, 2024	J-GAAP
YoY	+0.5%	-54.0%	-61.1%	-62.3%	-62.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	19,723	333	386	204	15.2	10	May 12, 2023	J-GAAP
Mar, 2024	20,533	606	666	469	34.9	10	May 14, 2024	J-GAAP
Mar, 2025 Guidance	20,000	360	420	290	21.5	10	Nov 11, 2024	J-GAAP
YoY	-2.6%	-40.6%	-36.9%	-38.2%	-38.3%