APPLIED TECHNOLOGY CO., LTD, January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 6%, July-September Ordinary Profit Decreases by 27%

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Tue Nov 12, 2024 3:30 pm JST Earnings

4356 APPLIED TECHNOLOGY CO., LTD 【J-GAAP】

Earnings Report

APPLIED TECHNOLOGY CO., LTD <4356> [TSE-S] announced its financial results after the market closed on November 12th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 6.2% from the same period last year to 728 million yen. The progress rate against the 910 million yen full-year plan was 80.0%, below the five-year average of 82.7%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to December period (4Q) is expected to drop by 33.1% from the same period last year to 182 million yen.

In the most recent three-month period, from July to September (3Q), the ordinary profit decreased to 168 million yen, a 27.0% decrease compared to the same period last year. The operating profit margin significantly dropped from 12.2% in the same period last year to 7.0%.

Kabutan News

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	5,191	735	755	522	91.6	73.4	Nov 11, 2022	J-GAAP
Jan - Sep, 2023	5,429	746	776	528	92.6	74.0	Nov 13, 2023	J-GAAP
Jan - Sep, 2024	5,799	692	728	504	88.3	80.0	Nov 12, 2024	J-GAAP
YoY	+6.8%	-7.2%	-6.2%	-4.5%	-4.6%

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	3,785	451	502	349	61.1	30	Feb 8, 2024	J-GAAP
Jul - Dec, 2024 Guidance	4,006	349	350	241	42.2	30	Aug 14, 2024	J-GAAP
YoY	+5.8%	-22.6%	-30.3%	-30.9%	-31.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	7,075	956	1,028	736	129.0	30	Feb 8, 2023	J-GAAP
Dec, 2023	7,419	978	1,048	716	125.4	30	Feb 8, 2024	J-GAAP
Dec, 2024 Guidance	7,800	900	910	628	110.0	30	Feb 8, 2024	J-GAAP
YoY	+5.1%	-8.0%	-13.2%	-12.3%	-12.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,795	219	230	161	28.2	12.2	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	1,990	232	272	188	32.9	11.7	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	2,018	365	369	255	44.8	18.1	May 13, 2024	J-GAAP
Apr - Jun, 2024	1,776	186	191	132	23.2	10.5	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	2,005	141	168	117	20.5	7.0	Nov 12, 2024	J-GAAP
YoY	+11.7%	-35.6%	-27.0%	-27.3%	-27.4%