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

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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%