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ASNOVA Co.,Ltd., First Half Ordinary Profit Revised Downward to a Loss

Thu Nov 14, 2024 2:40 pm JST Earnings

9223 ASNOVA Co.,Ltd. 【J-GAAP】

Earnings Report

ASNOVA Co.,Ltd. <9223> [TSE-G] announced its financial results in the afternoon session on November 14th (14:40). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 5 million yen (compared to a profit of 80 million yen in the same period last year), reversing from the forecast of a 18 million yen to a loss

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 expand by 66.8% from the same period last year, reaching 407 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 27 million yen, a 66.3% decrease compared to the same period last year. The operating profit margin drastically worsened from 8.8% in the same period last year to 1.8%.

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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 1,463 -9 1 -6 -0.5 0.5 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 1,708 81 80 41 3.4 24.7 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 1,969 -17 -5 -25 -2.0 ー Nov 14, 2024 J-GAAP
YoY +15.3% － － － －

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 1,888 31 18 -19 -1.5 1 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 1,969 -17 -5 -25 -2.0 1 Nov 14, 2024 J-GAAP
Revision Rate +4.3% － － -31.6% -32.7%

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 2,077 268 244 169 13.7 1 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 2,236 449 407 245 19.7 1 Nov 14, 2024 J-GAAP
YoY +7.7% +67.5% +66.8% +45.0% +44.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 3,141 187 212 144 11.8 1.88 May 12, 2023 J-GAAP
Mar, 2024 3,785 349 324 210 17.0 2 May 14, 2024 J-GAAP
Mar, 2025 Guidance 4,205 432 402 220 17.7 2 May 14, 2024 J-GAAP
YoY +11.1% +23.8% +24.1% +4.8% +4.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 916 81 80 47 3.9 8.8 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 1,052 141 130 81 6.6 13.4 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 1,025 127 114 88 7.1 12.4 May 14, 2024 J-GAAP
Apr - Jun, 2024 943 -35 -32 -33 -2.7 -3.7 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,026 18 27 8 0.7 1.8 Nov 14, 2024 J-GAAP
YoY +12.0% -77.8% -66.3% -83.0% -83.2%

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