ACCESS GROUP HOLDINGS CO.,LTD., First Half Ordinary Profit Increases by 9.0 times, July-September Ordinary Profit Loss Narrows

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Thu Nov 14, 2024 4:00 pm JST Earnings

7042 ACCESS GROUP HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

ACCESS GROUP HOLDINGS CO.,LTD. <7042> [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) surged by 9.0 times that of the same period last year, reaching 108 million yen. The progress rate against the 235 million yen full-year plan was 46.0%, exceeding the same period of the previous year of 16.4%.

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 surge by 2.1 times that of the same period last year, reaching 127 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss improved to a deficit of loss of 10 million yen (compared to a loss of 52 million yen in the same period last year). The operating profit/loss margin drastically improved from -6.7% in the same period last year to -0.9%.

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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
Oct - Mar, 2022 Changed	1,906	57	45	43	36.1	61.6	May 15, 2023	J-GAAP
Apr - Sep, 2023	1,756	21	12	10	8.5	16.4	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	1,822	113	108	106	74.1	46.0	Nov 14, 2024	J-GAAP
YoY	+3.8%	+438.1%	+800.0%	+960.0%	+774.1%

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	－	－	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	1,822	113	108	106	74.1	－	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	1,696	67	61	117	87.4	15	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,978	137	127	70	48.6	30	Nov 14, 2024	J-GAAP
YoY	+16.6%	+104.5%	+108.2%	-40.2%	-44.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023 Changed	1,906	57	45	43	36.1	12	May 15, 2023	J-GAAP
Mar, 2024	3,452	88	73	127	94.8	15	May 15, 2024	J-GAAP
Mar, 2025 Guidance	3,800	250	235	176	122.2	30	May 15, 2024	J-GAAP
YoY	+10.1%	+184.1%	+221.9%	+38.6%	+28.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	733	-49	-52	-53	-44.9	-6.7	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	772	-25	-29	-29	-22.9	-3.2	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	924	92	90	146	109.0	10.0	May 15, 2024	J-GAAP
Apr - Jun, 2024	1,059	120	118	116	81.3	11.3	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	763	-7	-10	-10	-7.0	-0.9	Nov 14, 2024	J-GAAP
YoY	+4.1%	+85.7%	+80.8%	+81.1%	+84.4%