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

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 18.1 61.6 May 15, 2023 J-GAAP
Apr - Sep, 2023 1,756 21 12 10 4.2 16.4 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 1,822 113 108 106 37.1 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 37.1 － 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 43.7 7.50 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,978 137 127 70 21.9 15 Nov 14, 2024 J-GAAP
YoY +16.6% +104.5% +108.2% -40.2% -49.9%

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 18.1 6 May 15, 2023 J-GAAP
Mar, 2024 3,452 88 73 127 47.4 7.50 May 15, 2024 J-GAAP
Mar, 2025 Guidance 3,800 250 235 176 55.0 15 May 15, 2024 J-GAAP
YoY +10.1% +184.1% +221.9% +38.6% +16.0%

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 -22.5 -6.7 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 772 -25 -29 -29 -11.4 -3.2 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 924 92 90 146 54.5 10.0 May 15, 2024 J-GAAP
Apr - Jun, 2024 1,059 120 118 116 40.7 11.3 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 763 -7 -10 -10 -3.5 -0.9 Nov 14, 2024 J-GAAP
YoY +4.1% +85.7% +80.8% +81.1% +84.4%

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