AIDA ENGINEERING,LTD., The Current Fiscal Year Ordinary Profit Revised Downward by 9%

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Tue Nov 12, 2024 4:00 pm JST Earnings

6118 AIDA ENGINEERING,LTD. 【J-GAAP】

Earnings Report

AIDA ENGINEERING,LTD. <6118> [TSE-P] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 2.68 billion yen, an increase of 83.8% compared to the same period last year.

However, the full-year consolidated ordinary profit has downwardly by 8.6%, from the previous forecast of 5.8 billion yen to 5.3 billion yen (compared to 3.59 billion yen in the previous period), leading to a reduction in the profit growth rate from 61.3% to 47.4%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 22.5% from the same period last year, reaching 2.61 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.6 times that of the same period last year, reaching 1.82 billion yen. The operating profit margin drastically improved from 4.3% in the same period last year to 10.1%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	32,164	716	789	495	8.3	46.1	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	34,575	1,427	1,461	1,148	19.2	40.6	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	37,506	2,881	2,685	2,346	40.6	50.7	Nov 12, 2024	J-GAAP
YoY	+8.5%	+101.9%	+83.8%	+104.4%	+111.0%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	37,000	2,800	2,900	2,100	36.5	－	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	37,506	2,881	2,685	2,346	40.6	－	Nov 12, 2024	J-GAAP
Revision Rate	+1.4%	+2.9%	-7.4%	+11.7%	+11.2%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	74,000	5,700	5,800	4,200	73.0	30	May 15, 2024	J-GAAP
Mar, 2025 New	74,000	5,300	5,300	4,200	73.0	30	Nov 12, 2024	J-GAAP
Revision Rate	0.0%	-7.0%	-8.6%	0.0%	0.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	38,167	2,188	2,134	1,660	27.8	30	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	36,494	2,419	2,615	1,854	32.2	30	Nov 12, 2024	J-GAAP
YoY	-4.4%	+10.6%	+22.5%	+11.7%	+15.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	68,795	1,540	1,710	1,295	21.7	30	May 15, 2023	J-GAAP
Mar, 2024	72,742	3,615	3,595	2,808	47.0	30	May 15, 2024	J-GAAP
Mar, 2025 Guidance	74,000	5,300	5,300	4,200	73.0	30	Nov 12, 2024	J-GAAP
YoY	+1.7%	+46.6%	+47.4%	+49.6%	+55.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	17,708	756	713	675	11.3	4.3	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	17,043	374	436	279	4.7	2.2	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	21,124	1,814	1,698	1,381	23.1	8.6	May 15, 2024	J-GAAP
Apr - Jun, 2024	17,858	899	860	776	13.4	5.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	19,648	1,982	1,825	1,570	27.2	10.1	Nov 12, 2024	J-GAAP
YoY	+11.0%	+162.2%	+156.0%	+132.6%	+140.2%