Applied Co., Ltd., First Half Ordinary Profit Increases by 28%, Current Fiscal Year Dividend Revised Upward by 10 yen

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Thu Nov 14, 2024 3:00 pm JST Earnings

3020 Applied Co., Ltd. 【J-GAAP】

Earnings Report

Applied Co., Ltd. <3020> [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) increased by 27.6% from the same period last year, reaching 993 million yen. The progress rate against the 2.15 billion yen full-year plan was 46.2%, exceeding the five-year average of 39.1%.

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 15.2% from the same period last year to 1.15 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 80 yen to 90 yen (compared to 80 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 24.9% from the same period last year, reaching 516 million yen. The operating profit margin improved from 4.0% in the same period last year to 5.0%.

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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	16,423	506	510	322	119.2	29.1	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	19,580	769	778	525	194.5	36.3	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	20,087	982	993	673	249.0	46.2	Nov 14, 2024	J-GAAP
YoY	+2.6%	+27.7%	+27.6%	+28.2%	+28.0%

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	－	20	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	20,087	982	993	673	249.0	30	Nov 14, 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	43,000	2,150	2,150	1,350	499.5	80	May 14, 2024	J-GAAP
Mar, 2025 New	43,000	2,150	2,150	1,350	499.5	90	Nov 14, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	23,239	1,355	1,364	685	253.5	60	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	22,913	1,168	1,157	677	250.5	60	Nov 14, 2024	J-GAAP
YoY	-1.4%	-13.8%	-15.2%	-1.2%	-1.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	38,606	1,737	1,753	1,098	406.5	80	May 12, 2023	J-GAAP
Mar, 2024	42,819	2,124	2,142	1,210	447.8	80	May 14, 2024	J-GAAP
Mar, 2025 Guidance	43,000	2,150	2,150	1,350	499.5	90	Nov 14, 2024	J-GAAP
YoY	+0.4%	+1.2%	+0.4%	+11.6%	+11.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	10,134	406	413	279	103.4	4.0	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	10,966	588	593	402	148.8	5.4	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	12,273	767	771	283	104.7	6.2	May 14, 2024	J-GAAP
Apr - Jun, 2024	9,838	474	477	322	119.3	4.8	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	10,249	508	516	351	129.9	5.0	Nov 14, 2024	J-GAAP
YoY	+1.1%	+25.1%	+24.9%	+25.8%	+25.7%