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Alpha Group Inc., First Half Ordinary Profit Unexpectedly Revised Upward by 8%

Wed Nov 13, 2024 3:30 pm JST Earnings

3322 Alpha Group Inc. 【J-GAAP】

Earnings Report

Alpha Group Inc. <3322> [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) increased by 8.4% from the same period last year, reaching 349 million yen, resulting in an increase in profits compared to the previous forecast of a 0.3% decrease.

However, The progress rate against the 803 million yen full-year plan was 43.5%, also falling below the five-year average of 51.8%.

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 grow by 7.1% from the same period last year, reaching 454 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 15.1% from the same period last year, reaching 160 million yen. The operating profit margin remained almost flat, changing from 3.9% in the same period last year to 4.1%.

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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 6,295 298 320 192 34.0 58.4 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 6,623 305 322 151 27.6 43.2 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 7,083 330 349 160 33.7 43.5 Nov 13, 2024 J-GAAP
YoY +6.9% +8.2% +8.4% +6.0% +22.3%

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 6,643 303 321 184 38.7 0 Aug 13, 2024 J-GAAP
Apr - Sep, 2024 Results 7,083 330 349 160 33.7 0 Nov 13, 2024 J-GAAP
Revision Rate +6.6% +8.9% +8.7% -13.0% -13.0%

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 7,289 405 424 250 48.6 18 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 7,386 418 454 335 70.5 18 Nov 13, 2024 J-GAAP
YoY +1.3% +3.2% +7.1% +34.0% +44.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 13,561 570 548 233 41.4 12 May 15, 2023 J-GAAP
Mar, 2024 13,912 710 746 401 78.0 18 May 15, 2024 J-GAAP
Mar, 2025 Guidance 14,469 748 803 495 104.2 18 Aug 13, 2024 J-GAAP
YoY +4.0% +5.4% +7.6% +23.4% +33.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,419 134 139 56 10.2 3.9 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 3,659 193 203 156 29.7 5.3 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 3,630 212 221 94 18.3 5.8 May 15, 2024 J-GAAP
Apr - Jun, 2024 3,413 181 189 86 18.2 5.3 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 3,670 149 160 74 15.6 4.1 Nov 13, 2024 J-GAAP
YoY +7.3% +11.2% +15.1% +32.1% +52.4%

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