Akatsuki Corp., First Half Ordinary Profit Decreases by 21%

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Thu Nov 14, 2024 3:30 pm JST Earnings

8737 Akatsuki Corp. 【J-GAAP】

Earnings Report

Akatsuki Corp. <8737> [TSE-S] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 20.6% from the same period last year to 1.47 billion yen. The progress rate against the 4.2 billion yen full-year plan was 35.0%, also falling below the five-year average of 38.9%.

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 expand by 39.1% from the same period last year, reaching 2.73 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 8.1% from the same period last year, reaching 744 million yen. However, the operating profit margin worsened from 5.9% in the same period last year to 5.5%.

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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	16,044	337	264	156	5.1	18.1	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	21,392	1,511	1,851	1,242	40.4	48.5	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	25,730	1,491	1,470	990	32.5	35.0	Nov 14, 2024	J-GAAP
YoY	+20.3%	-1.3%	-20.6%	-20.3%	-19.5%

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	－	11	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	25,730	1,491	1,470	990	32.5	11	Nov 14, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	25,289	1,908	1,962	1,296	42.3	11.50	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	26,270	2,609	2,730	1,610	53.2	11	Nov 14, 2024	J-GAAP
YoY	+3.9%	+36.7%	+39.1%	+24.2%	+25.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	39,336	1,803	1,457	780	25.4	19	May 15, 2023	J-GAAP
Mar, 2024	46,681	3,419	3,813	2,538	82.8	21	May 15, 2024	J-GAAP
Mar, 2025 Guidance	52,000	4,100	4,200	2,600	85.9	22	May 15, 2024	J-GAAP
YoY	+11.4%	+19.9%	+10.1%	+2.4%	+3.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	11,218	664	688	477	15.5	5.9	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	12,959	977	1,022	657	21.4	7.5	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	12,330	931	940	639	20.9	7.6	May 15, 2024	J-GAAP
Apr - Jun, 2024	12,121	739	726	502	16.5	6.1	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	13,609	752	744	488	16.0	5.5	Nov 14, 2024	J-GAAP
YoY	+21.3%	+13.3%	+8.1%	+2.3%	+3.3%