Ame Kaze Taiyo,Inc., The Current Fiscal Year Net Income Loss Widened in Downward Revision, 39% Deficit Against Net Assets

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Thu Nov 14, 2024 3:30 pm JST Earnings

5616 Ame Kaze Taiyo,Inc. 【J-GAAP】

Earnings Report

Ame Kaze Taiyo,Inc. <5616> [TSE-G] announced its financial results after the market closed on November 14th (15:30). The net loss (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to a loss of 174 million yen (compared to a loss of 171 million yen in the same period last year).

In addition, the full-year net income/loss has been revised downward from an expected loss of 55 million yen to a loss of 173 million yen (compared to a loss of 182 million yen in the previous period), indicating an expansion in the loss margin The deficit amounted to a 38.5% impairment of net assets at the end of the previous fiscal year..

Based on the full-year plan announced by the company after the downward revision, our estimate of the net income/loss for the July to December period (second half) has been revised downward from an expected profit of 106 million yen to a loss of 12 million yen (compared to a loss of 59 million yen in the same period of the previous year), turning to a loss outlook.

In the most recent three-month period, from July to September (3Q), the net loss improved to a deficit of loss of 13 million yen (compared to a loss of 48 million yen in the same period last year). The operating profit/loss margin drastically improved from -19.2% in the same period last year to -4.0%.

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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, 2024	675	-171	-172	-174	-72.4	ー	Nov 14, 2024	J-GAAP
YoY	－	－	－	－	－

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	986	95	107	106	43.9	0	Aug 14, 2024	J-GAAP
Jul - Dec, 2024 New	632	-11	-11	-12	-5.0	0	Nov 14, 2024	J-GAAP
Revision Rate	-35.9%	－	－	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	1,363	-64	-52	-55	-22.8	0	Feb 14, 2024	J-GAAP
Dec, 2024 New	1,009	-170	-170	-173	-71.6	0	Nov 14, 2024	J-GAAP
Revision Rate	-26.0%	-165.6%	-226.9%	-214.5%	-214.5%

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	613	-66	-59	-59	-33.4	0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	632	-11	-11	-12	-5.0	0	Nov 14, 2024	J-GAAP
YoY	+3.1%	+83.3%	+81.4%	+79.7%	+85.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	956	-229	-181	-182	-103.1	0	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	1,009	-170	-170	-173	-71.6	0	Nov 14, 2024	J-GAAP
YoY	+5.5%	+25.8%	+6.1%	+4.9%	+30.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	363	-18	-11	-11	-6.2	-5.0	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	190	-73	-73	-74	-31.1	-38.4	May 15, 2024	J-GAAP
Apr - Jun, 2024	187	-86	-86	-87	-36.2	-46.0	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	298	-12	-13	-13	-5.4	-4.0	Nov 14, 2024	J-GAAP
YoY	－	－	－	－	－