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AZUMA HOUSE Co.,Ltd., First Half Ordinary Profit Unexpectedly Revised Upward by 54%

Thu Nov 14, 2024 3:00 pm JST Earnings

3293 AZUMA HOUSE Co.,Ltd. 【J-GAAP】

Earnings Report

AZUMA HOUSE Co.,Ltd. <3293> [TSE-S] announced its financial results in the afternoon session on November 14th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 653 million yen, an increase of 53.6% compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 5.9% decrease.

The progress rate against the 1.07 billion yen full-year plan was 61.0%, also surpassing the five-year average of 48.4%.

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 decrease by 22.2% from the same period last year to 417 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 75.6% from the same period last year, reaching 374 million yen. The operating profit margin improved from 7.0% in the same period last year to 9.9%.

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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 6,441 555 542 367 45.8 47.1 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 5,957 443 425 289 36.0 44.2 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 6,685 687 653 445 55.4 61.0 Nov 14, 2024 J-GAAP
YoY +12.2% +55.1% +53.6% +54.0% +53.8%

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 5,700 450 400 260 32.3 17.50 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 6,685 687 653 445 55.4 17.50 Nov 14, 2024 J-GAAP
Revision Rate +17.3% +52.7% +63.2% +71.2% +71.4%

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 7,130 569 536 508 63.1 17.50 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,615 463 417 255 31.7 17.50 Nov 14, 2024 J-GAAP
YoY -7.2% -18.6% -22.2% -49.8% -49.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 14,163 1,203 1,151 723 90.3 35 May 15, 2023 J-GAAP
Mar, 2024 13,087 1,012 961 797 99.1 35 May 15, 2024 J-GAAP
Mar, 2025 Guidance 13,300 1,150 1,070 700 87.0 35 May 15, 2024 J-GAAP
YoY +1.6% +13.6% +11.3% -12.2% -12.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,162 222 213 145 18.1 7.0 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 3,447 286 277 184 22.9 8.3 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 3,683 283 259 324 40.3 7.7 May 15, 2024 J-GAAP
Apr - Jun, 2024 2,760 298 279 191 23.8 10.8 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 3,925 389 374 254 31.6 9.9 Nov 14, 2024 J-GAAP
YoY +24.1% +75.2% +75.6% +75.2% +74.9%

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