Asaka Riken Co.,Ltd., 9% Increase in Ordinary Profit for The Current Fiscal Year

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Tue Nov 12, 2024 3:30 pm JST Earnings

5724 Asaka Riken Co.,Ltd. 【J-GAAP】

Earnings Report

Asaka Riken Co.,Ltd. <5724> [TSE-S] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the fiscal year ending September 2024 dropped by 31.1% from the previous period to 266 million yen. For the fiscal year ending September 2025, the profit is expected to recover in a V-shape, increasing by 9.0% to 290 million yen.

In the most recent three-month period, from July to September (4Q), the consolidated ordinary profit dropped to 27 million yen, a 30.8% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 2.0% in the same period last year to 1.8%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2022	8,592	815	776	622	122.7	16	Nov 11, 2022	J-GAAP
Sep, 2023	8,285	395	386	307	61.3	8	Nov 14, 2023	J-GAAP
Sep, 2024	7,967	293	266	371	74.2	8	Nov 12, 2024	J-GAAP
YoY	-3.8%	-25.8%	-31.1%	+20.8%	+21.0%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Guidance	7,965	290	265	370	73.9	8	Oct 28, 2024	J-GAAP
Sep, 2024 Results	7,967	293	266	371	74.2	8	Nov 12, 2024	J-GAAP
Revision Rate	+0.0%	+1.0%	+0.4%	+0.3%	+0.3%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	3,677	83	61	209	41.9	0	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	ー	ー	－	0	Nov 12, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2023	8,285	395	386	307	61.3	8	Nov 14, 2023	J-GAAP
Sep, 2024	7,967	293	266	371	74.2	8	Nov 12, 2024	J-GAAP
Sep, 2025 Guidance	9,230	440	290	220	43.9	8	Nov 12, 2024	J-GAAP
YoY	+15.9%	+50.2%	+9.0%	-40.7%	-40.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,958	39	39	32	6.4	2.0	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	1,884	58	52	37	7.5	3.1	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	1,793	25	9	172	34.5	1.4	May 14, 2024	J-GAAP
Apr - Jun, 2024	2,278	173	178	133	26.6	7.6	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	2,012	37	27	29	5.8	1.8	Nov 12, 2024	J-GAAP
YoY	+2.8%	-5.1%	-30.8%	-9.4%	-9.2%