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AVAL DATA CORPORATION, First Half Ordinary Profit Decreases by 32%, July-September Ordinary Profit Decreases by 21%

Wed Nov 13, 2024 3:30 pm JST Earnings

6918 AVAL DATA CORPORATION 【J-GAAP】

Earnings Report

AVAL DATA CORPORATION <6918> [TSE-S] announced its financial results after the market closed on November 13th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 32.4% from the same period last year to 856 million yen. The progress rate against the 2.28 billion yen full-year plan was 37.5%, also falling below the five-year average of 49.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to expand by 41.8% from the same period last year, reaching 1.42 billion yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit decreased to 409 million yen, a 21.3% decrease compared to the same period last year. The operating profit margin decreased from 16.4% in the same period last year to 14.9%.

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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 7,483 1,176 1,241 895 145.6 49.7 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 6,403 1,168 1,266 919 149.4 55.7 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 5,591 775 856 616 100.1 37.5 Nov 13, 2024 J-GAAP
YoY -12.7% -33.6% -32.4% -33.0% -33.0%

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 6,000 870 940 680 110.4 39 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 5,591 775 856 616 100.1 39 Nov 13, 2024 J-GAAP
Revision Rate -6.8% -10.9% -8.9% -9.4% -9.3%

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 6,177 927 1,008 4,337 704.4 266 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 7,709 1,415 1,429 1,034 167.8 55 Nov 13, 2024 J-GAAP
YoY +24.8% +52.6% +41.8% -76.2% -76.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 14,390 2,396 2,495 4,270 694.0 245 May 15, 2023 J-GAAP
Mar, 2024 12,580 2,095 2,274 5,256 853.7 317 May 14, 2024 J-GAAP
Mar, 2025 Guidance 13,300 2,190 2,285 1,650 267.8 94 May 14, 2024 J-GAAP
YoY +5.7% +4.5% +0.5% -68.6% -68.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,957 484 520 382 62.1 16.4 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 3,164 488 506 3,948 641.3 15.4 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 3,013 439 502 389 63.2 14.6 May 14, 2024 J-GAAP
Apr - Jun, 2024 2,939 379 447 311 50.7 12.9 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 2,652 396 409 305 49.6 14.9 Nov 13, 2024 J-GAAP
YoY -10.3% -18.2% -21.3% -20.2% -20.2%

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