AsiaQuest Co., Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 2.1 times, July-September Ordinary Profit Increases by 4.1 times

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Thu Nov 14, 2024 3:00 pm JST Earnings

4261 AsiaQuest Co., Ltd. 【J-GAAP】

Earnings Report

AsiaQuest Co., Ltd. <4261> [TSE-G] announced its financial results in the afternoon session on November 14th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) surged by 2.1 times that of the same period last year, reaching 359 million yen. The progress rate against the 398 million yen full-year plan was 90.2%, also surpassing the three-year average of 73.0%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to significant drop by 71.1% from the same period last year to 39 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit surged to 4.1 times that of the same period last year, reaching 141 million yen. The operating profit margin drastically improved from 4.4% in the same period last year to 13.6%.

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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	1,897	266	269	166	115.6	73.3	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	2,216	172	173	110	75.3	56.2	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	2,878	350	359	230	157.0	90.2	Nov 14, 2024	J-GAAP
YoY	+29.9%	+103.5%	+107.5%	+109.1%	+108.5%

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	1,668	171	169	107	73.2	0	Feb 13, 2024	J-GAAP
Jul - Dec, 2024 Guidance	2,164	190	180	123	83.7	0	Aug 14, 2024	J-GAAP
YoY	+29.7%	+11.1%	+6.5%	+15.0%	+14.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	2,612	367	367	232	160.4	0	Feb 13, 2023	J-GAAP
Dec, 2023	3,139	310	308	198	135.4	0	Feb 13, 2024	J-GAAP
Dec, 2024 Guidance	4,022	401	398	266	181.0	0	Feb 13, 2024	J-GAAP
YoY	+28.1%	+29.4%	+29.2%	+34.3%	+33.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	745	33	34	19	13.0	4.4	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	923	138	135	88	60.2	15.0	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	899	126	128	82	56.3	14.0	May 15, 2024	J-GAAP
Apr - Jun, 2024	959	85	90	61	41.7	8.9	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	1,020	139	141	87	59.4	13.6	Nov 14, 2024	J-GAAP
YoY	+36.9%	+321.2%	+314.7%	+357.9%	+356.5%