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

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 192 -72 -73 -74 -31.1 -37.5 May 15, 2024 J-GAAP
Apr - Jun, 2024 185 -87 -86 -87 -36.2 -47.0 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 298 -12 -13 -13 -5.4 -4.0 Nov 14, 2024 J-GAAP
YoY － － － － －

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