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ASMO CORPORATION, First Half Ordinary Profit Decreases by 61%, July-September Ordinary Profit Decreases by 94%

Thu Nov 14, 2024 4:00 pm JST Earnings

2654 ASMO CORPORATION 【J-GAAP】

Earnings Report

ASMO CORPORATION <2654> [TSE-S] announced its financial results after the market closed on November 14th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 61.1% from the same period last year to 132 million yen. The progress rate against the 420 million yen full-year plan was 31.4%, also falling below the five-year average of 52.9%.

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 decrease by 11.9% from the same period last year to 288 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 9 million yen, a 94.3% decrease compared to the same period last year. The operating profit margin worsened from 2.8% in the same period last year to 0.6%.

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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 9,867 147 195 89 6.6 50.5 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 10,235 300 339 199 14.8 50.9 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 10,285 138 132 75 5.6 31.4 Nov 14, 2024 J-GAAP
YoY +0.5% -54.0% -61.1% -62.3% -62.2%

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 10,285 138 132 75 5.6 0 Nov 11, 2024 J-GAAP
Apr - Sep, 2024 Results 10,285 138 132 75 5.6 0 Nov 14, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +0.5%

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 10,298 306 327 270 20.1 10 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 9,715 222 288 215 16.0 10 Nov 11, 2024 J-GAAP
YoY -5.7% -27.5% -11.9% -20.4% -20.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 19,723 333 386 204 15.2 10 May 12, 2023 J-GAAP
Mar, 2024 20,533 606 666 469 34.9 10 May 14, 2024 J-GAAP
Mar, 2025 Guidance 20,000 360 420 290 21.5 10 Nov 11, 2024 J-GAAP
YoY -2.6% -40.6% -36.9% -38.2% -38.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 5,122 143 158 89 6.6 2.8 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 5,238 160 159 97 7.2 3.1 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 5,060 146 168 173 12.9 2.9 May 14, 2024 J-GAAP
Apr - Jun, 2024 5,269 108 123 83 6.2 2.0 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 5,016 30 9 -8 -0.6 0.6 Nov 14, 2024 J-GAAP
YoY -2.1% -79.0% -94.3%

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