ASIAN STAR CO., July-September (3Q) Ordinary Profit Loss Narrows

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Tue Nov 12, 2024 3:00 pm JST Earnings

8946 ASIAN STAR CO. 【J-GAAP】

Earnings Report

ASIAN STAR CO. <8946> [TSE-S] announced its financial results in the afternoon session on November 12th (15:00). The consolidated ordinary loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to a loss of 122 million yen (compared to a loss of 121 million yen in the same period last year).

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to grow by 25.0% from the same period last year, reaching 210 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary loss improved to a deficit of loss of 39 million yen (compared to a loss of 44 million yen in the same period last year). However, the operating profit/loss margin worsened from -6.5% in the same period last year to -8.4%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	1,867	-2	-7	8	0.5	ー	Nov 11, 2022	J-GAAP
Jan - Sep, 2023	1,435	-119	-121	-123	-6.1	ー	Nov 10, 2023	J-GAAP
Jan - Sep, 2024	1,685	-122	-122	-128	-5.4	ー	Nov 12, 2024	J-GAAP
YoY	+17.4%	-2.5%	-0.8%	-4.1%	+11.6%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	1,258	135	124	120	5.8	0	Feb 13, 2024	J-GAAP
Jul - Dec, 2024 Guidance	2,435	179	171	163	6.9	0	Aug 14, 2024	J-GAAP
YoY	+93.6%	+32.6%	+37.9%	+35.8%	+18.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	2,490	48	42	55	2.9	0	Feb 13, 2023	J-GAAP
Dec, 2023	2,125	53	47	40	1.9	0	Feb 13, 2024	J-GAAP
Dec, 2024 Guidance	3,678	94	88	75	3.2	0	Feb 13, 2024	J-GAAP
YoY	+73.1%	+77.4%	+87.2%	+87.5%	+62.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	568	-37	-44	-43	-2.1	-6.5	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	690	172	168	163	7.9	24.9	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	327	-92	-90	-92	-3.9	-28.1	May 13, 2024	J-GAAP
Apr - Jun, 2024	916	7	7	4	0.2	0.8	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	442	-37	-39	-40	-1.7	-8.4	Nov 12, 2024	J-GAAP
YoY	-22.2%	0.0%	+11.4%	+7.0%	+21.0%