AIRTECH JAPAN,LTD., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 29%, July-September Ordinary Profit Increases by 21%

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Wed Nov 13, 2024 3:40 pm JST Earnings

6291 AIRTECH JAPAN,LTD. 【J-GAAP】

Earnings Report

AIRTECH JAPAN,LTD. <6291> [TSE-S] announced its financial results after the market closed on November 13th (15:40). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 28.7% from the same period last year, reaching 1.25 billion yen. The progress rate against the 1.31 billion yen full-year plan was 95.9%, also surpassing the five-year average of 84.2%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to December period (4Q) is expected to expand by 58.8% from the same period last year, reaching 54 million yen.

In the most recent three-month period, from July to September (3Q), the ordinary profit grew by 21.1% from the same period last year, reaching 212 million yen. The operating profit margin significantly improved from 4.8% in the same period last year to 7.8%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	9,653	840	1,146	844	82.3	82.1	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	10,524	665	976	701	67.9	96.6	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	9,854	849	1,256	900	86.7	95.9	Nov 13, 2024	J-GAAP
YoY	-6.4%	+27.7%	+28.7%	+28.4%	+27.5%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	6,436	201	209	159	15.4	60	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	6,742	324	266	193	19.1	50	Aug 14, 2024	J-GAAP
YoY	+4.8%	+61.2%	+27.3%	+21.4%	+23.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	13,172	1,105	1,396	1,017	99.1	60	Feb 14, 2023	J-GAAP
Dec, 2023	13,646	707	1,010	731	70.9	60	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	13,500	930	1,310	940	92.9	50	Aug 8, 2024	J-GAAP
YoY	-1.1%	+31.5%	+29.7%	+28.6%	+31.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,314	159	175	129	12.5	4.8	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	3,122	42	34	30	2.9	1.3	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	3,475	359	386	270	26.1	10.3	May 15, 2024	J-GAAP
Apr - Jun, 2024	3,283	247	658	477	46.0	7.5	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	3,096	243	212	153	14.7	7.8	Nov 13, 2024	J-GAAP
YoY	-6.6%	+52.8%	+21.1%	+18.6%	+17.8%