ART VIVANT CO.,LTD., First Half Ordinary Profit Decreases by 29%

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Wed Nov 13, 2024 3:30 pm JST Earnings

7523 ART VIVANT CO.,LTD. 【J-GAAP】

Earnings Report

ART VIVANT CO.,LTD. <7523> [TSE-S] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 29.1% from the same period last year to 1.25 billion yen. However, The progress rate against the 2.1 billion yen full-year plan was 59.9%, also surpassing the five-year average of 52.5%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 26.4% from the same period last year to 843 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 578 million yen, a 3.5% decrease compared to the same period last year. However, the operating profit margin rose from 22.7% in the same period last year to 24.6%.

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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	5,460	1,140	1,190	778	71.5	56.6	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	5,776	1,453	1,774	1,168	107.0	60.8	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	5,426	1,186	1,257	835	81.5	59.9	Nov 13, 2024	J-GAAP
YoY	-6.1%	-18.4%	-29.1%	-28.5%	-23.9%

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	5,050	1,050	1,050	600	58.3	30	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	5,426	1,186	1,257	835	81.5	30	Nov 13, 2024	J-GAAP
Revision Rate	+7.4%	+13.0%	+19.7%	+39.2%	+39.8%

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	5,230	911	1,145	598	55.5	30	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	4,974	914	843	265	29.1	30	Nov 13, 2024	J-GAAP
YoY	-4.9%	+0.3%	-26.4%	-55.7%	-47.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	10,724	2,248	2,102	1,354	123.8	30	May 15, 2023	J-GAAP
Mar, 2024	11,006	2,364	2,919	1,766	163.9	60	May 15, 2024	J-GAAP
Mar, 2025 Guidance	10,400	2,100	2,100	1,100	120.8	60	May 15, 2024	J-GAAP
YoY	-5.5%	-11.2%	-28.1%	-37.7%	-26.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,645	600	599	394	36.1	22.7	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	2,620	713	636	400	36.9	27.2	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	2,610	198	509	198	18.4	7.6	May 15, 2024	J-GAAP
Apr - Jun, 2024	2,755	529	679	477	46.6	19.2	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	2,671	657	578	358	34.9	24.6	Nov 13, 2024	J-GAAP
YoY	+1.0%	+9.5%	-3.5%	-9.1%	-3.2%