AUTOSERVER CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 12%, Highest in Three Terms, Dividend Revised Upward by 6 yen

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Wed Nov 13, 2024 4:00 pm JST Earnings

5589 AUTOSERVER CO.,LTD. 【J-GAAP】

Earnings Report

AUTOSERVER CO.,LTD. <5589> [TSE-S] announced its financial results after the market closed on November 13th (16:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 22.8% from the same period last year, reaching 1.96 billion yen.

In addition, the full-year ordinary profit has been revised upward by 12.4%, from the previous forecast of 2.11 billion yen to 2.37 billion yen (compared to 2.08 billion yen in the previous period), increasing the growth rate from 1.3% to 13.9%, reaches new record high for the first time in three terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the ordinary profit for the July to December period (second half) has been revised upward by 35.5%, from the previous forecast of 738 million yen to 1 billion yen (compared to 1.01 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 27.5% to 1.8%.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 57 yen to 63 yen (compared to 61 yen in the previous period).

In the most recent three-month period, from July to September (3Q), the ordinary profit grew by 11.0% from the same period last year, reaching 596 million yen. The operating profit margin rose from 36.3% in the same period last year to 38.8%.

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, 2023	4,427	1,626	1,603	1,014	158.4	76.9	Nov 10, 2023	J-GAAP
Jan - Sep, 2024	4,789	1,975	1,969	1,235	174.7	83.0	Nov 13, 2024	J-GAAP
YoY	+8.2%	+21.5%	+22.8%	+21.8%	+10.3%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	2,806	742	738	477	66.8	57	Aug 9, 2024	J-GAAP
Jul - Dec, 2024 New	2,954	1,005	1,000	625	87.5	63	Nov 13, 2024	J-GAAP
Revision Rate	+5.3%	+35.4%	+35.5%	+31.0%	+31.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	6,054	2,119	2,111	1,330	186.1	57	Feb 13, 2024	J-GAAP
Dec, 2024 New	6,202	2,382	2,373	1,478	206.8	63	Nov 13, 2024	J-GAAP
Revision Rate	+2.4%	+12.4%	+12.4%	+11.1%	+11.1%

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	2,947	1,039	1,018	644	98.7	61	Feb 13, 2024	J-GAAP
Jul - Dec, 2024 Guidance	2,954	1,005	1,000	625	87.5	63	Nov 13, 2024	J-GAAP
YoY	+0.2%	-3.3%	-1.8%	-3.0%	-11.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	5,846	2,110	2,084	1,301	199.4	61	Feb 13, 2024	J-GAAP
Dec, 2024 Guidance	6,202	2,382	2,373	1,478	206.8	63	Nov 13, 2024	J-GAAP
YoY	+6.1%	+12.9%	+13.9%	+13.6%	+3.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,528	555	537	357	55.8	36.3	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	1,419	484	481	287	44.0	34.1	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	1,660	720	718	449	63.8	43.4	May 14, 2024	J-GAAP
Apr - Jun, 2024	1,588	657	655	404	57.3	41.4	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	1,541	598	596	382	54.0	38.8	Nov 13, 2024	J-GAAP
YoY	+0.9%	+7.7%	+11.0%	+7.0%	-3.1%