Altech Corporation, January-September (Third Quarter Cumulative) Ordinary Profit Increases by 3%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Tue Nov 12, 2024 3:30 pm JST Earnings

4641 Altech Corporation 【J-GAAP】

Earnings Report

Altech Corporation <4641> [TSE-P] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 3.3% from the same period last year, reaching 3.71 billion yen. However, The progress rate against the 5.3 billion yen full-year plan was 70.1%, also falling below the five-year average of 72.4%.

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 8.8% from the same period last year, reaching 1.58 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit grew by 6.6% from the same period last year, reaching 1.2 billion yen. However, the operating profit margin decreased from 10.2% in the same period last year to 9.5%.

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	32,105	3,514	3,487	2,402	119.1	76.5	Nov 10, 2022	J-GAAP
Jan - Sep, 2023	34,186	3,542	3,597	2,537	126.9	71.2	Nov 8, 2023	J-GAAP
Jan - Sep, 2024	35,954	3,586	3,716	2,362	118.9	70.1	Nov 12, 2024	J-GAAP
YoY	+5.2%	+1.2%	+3.3%	-6.9%	-6.4%

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	23,396	2,602	2,583	1,882	94.3	51	Feb 13, 2024	J-GAAP
Jul - Dec, 2024 Guidance	25,402	2,743	2,785	1,897	95.4	44	Aug 8, 2024	J-GAAP
YoY	+8.6%	+5.4%	+7.8%	+0.8%	+1.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	43,647	4,649	4,560	3,416	169.5	85	Feb 9, 2023	J-GAAP
Dec, 2023	46,216	4,982	5,053	3,696	185.2	103	Feb 13, 2024	J-GAAP
Dec, 2024 Guidance	49,500	5,200	5,300	3,500	176.1	88	Feb 13, 2024	J-GAAP
YoY	+7.1%	+4.4%	+4.9%	-5.3%	-4.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	11,366	1,162	1,127	723	36.2	10.2	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	12,030	1,440	1,456	1,159	58.1	12.0	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	11,840	1,305	1,330	854	43.0	11.0	May 13, 2024	J-GAAP
Apr - Jun, 2024	12,258	1,152	1,185	749	37.7	9.4	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	11,856	1,129	1,201	759	38.2	9.5	Nov 12, 2024	J-GAAP
YoY	+4.3%	-2.8%	+6.6%	+5.0%	+5.6%