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Asukanet, First Half Ordinary Profit Decreases by 82%, August-October Ordinary Profit Decreases by 37%

Mon Dec 9, 2024 3:30 pm JST Earnings

2438 Asukanet Company,Limited 【J-GAAP】

Earnings Report

Asukanet Company,Limited <2438> [TSE Growth] announced its financial results after the market closed on December 9th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending April 2025 (May to October) significantly dropped 81.7% from the previous period non-consolidated to 19 million yen. The progress rate against the 535 million yen full-year plan was 3.6%, also falling below the five-year average of 29.4%.

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 November to April period (second half) is expected to expand 39.8% from the same period last year, reaching 516 million yen.

In the most recent three-month period, from August to October (2Q), the consolidated ordinary profit dropped to 44 million yen, a 37.1% decrease compared to the same period last year. The operating profit margin worsened from 3.8% in the same period last year to 2.4%.

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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
May - Oct, 2022 3,160 137 150 103 6.2 24.3 Dec 9, 2022 J-GAAP
May - Oct, 2023 3,251 90 104 65 4.0 22.0 Dec 8, 2023 J-GAAP
May - Oct, 2024 3,402 15 19 2 0.1 3.6 Dec 9, 2024 J-GAAP
YoY +4.6% -83.3% -81.7% -96.9% -96.5%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2024 Guidance ー ー ー ー － 0 Jun 10, 2024 J-GAAP
May - Oct, 2024 Results 3,402 15 19 2 0.1 0 Dec 9, 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
Nov - Apr, 2023 3,787 357 369 149 9.1 7 Jun 10, 2024 J-GAAP
Nov - Apr, 2024 Guidance 4,318 505 516 322 20.1 7 Dec 9, 2024 J-GAAP
YoY +14.0% +41.5% +39.8% +116.1% +122.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr, 2023 6,976 585 618 482 28.9 9 Jun 9, 2023 J-GAAP
Apr, 2024 7,038 447 473 214 13.0 7 Jun 10, 2024 J-GAAP
Apr, 2025 Guidance 7,720 520 535 324 20.2 7 Jun 10, 2024 J-GAAP
YoY +9.7% +16.3% +13.1% +51.4% +55.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Aug - Oct, 2023 1,642 62 70 43 2.6 3.8 Dec 8, 2023 J-GAAP
Nov - Jan, 2023 1,950 246 252 167 10.1 12.6 Mar 11, 2024 J-GAAP
Feb - Apr, 2024 1,837 111 117 -18 -1.1 6.0 Jun 10, 2024 J-GAAP
May - Jul, 2024 1,710 -25 -25 -23 -1.4 -1.5 Sep 9, 2024 J-GAAP
Aug - Oct, 2024 1,692 40 44 25 1.8 2.4 Dec 9, 2024 J-GAAP
YoY +3.0% -35.5% -37.1% -41.9% -33.7%

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