AKIBA Holdings Co., Ltd., The Current Fiscal Year Net Income Revised Downward to an Unexpected 58% Decrease

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Wed Nov 13, 2024 4:00 pm JST Earnings

6840 AKIBA Holdings Co., Ltd. 【J-GAAP】

Earnings Report

AKIBA Holdings Co., Ltd. <6840> [TSE-S] announced its financial results after the market closed on November 13th (16:00). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 86 million yen (compared to a profit of 249 million yen in the same period last year).

In addition, the full-year consolidated net income has downwardly by 75.6%, from the previous forecast of 500 million yen to 122 million yen (compared to 292 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 58.2% decrease in profit.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to surge by 4.8 times that of the same period last year, reaching 208 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a loss of 113 million yen (compared to a profit of 106 million yen in the same period last year). The operating profit margin drastically worsened from 5.5% in the same period last year to 2.3%.

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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	6,677	459	422	276	30.1	40.9	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	7,208	422	409	249	27.1	48.5	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	7,807	132	109	-86	-9.4	21.4	Nov 13, 2024	J-GAAP
YoY	+8.3%	-68.7%	-73.3%	－	－

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	ー	ー	ー	ー	－	0	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	7,807	132	109	-86	-9.4	0	Nov 13, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	17,500	750	750	500	54.4	0	May 15, 2024	J-GAAP
Mar, 2025 New	16,600	550	510	122	13.3	0	Nov 13, 2024	J-GAAP
Revision Rate	-5.1%	-26.7%	-32.0%	-75.6%	-75.6%

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	8,640	416	435	43	4.7	0	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	8,793	418	401	208	22.6	0	Nov 13, 2024	J-GAAP
YoY	+1.8%	+0.5%	-7.8%	+383.7%	+382.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	15,007	1,063	1,031	702	76.4	0	May 12, 2023	J-GAAP
Mar, 2024	15,848	838	844	292	31.9	0	May 15, 2024	J-GAAP
Mar, 2025 Guidance	16,600	550	510	122	13.3	0	Nov 13, 2024	J-GAAP
YoY	+4.7%	-34.4%	-39.6%	-58.2%	-58.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,380	185	185	106	11.6	5.5	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	3,701	112	126	66	7.2	3.0	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	4,939	304	309	-23	-2.5	6.2	May 15, 2024	J-GAAP
Apr - Jun, 2024	3,644	38	31	27	3.0	1.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	4,163	94	78	-113	-12.4	2.3	Nov 13, 2024	J-GAAP
YoY	+23.2%	-49.2%	-57.8%	－	－