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Adastria, Mar-Nov (Cumulative 3Q) Ordinary Profit Decreases by 10%, Sep-Nov Ordinary Profit Decreases by 23%

Fri Dec 27, 2024 3:30 pm JST Earnings

2685 and ST HD Co., Ltd. 【J-GAAP】

Earnings Report

Adastria Co., Ltd. <2685> [TSE Prime] announced its financial results after the market closed on December 27th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) decreased 10.4% from the same period last year to 14.9 billion yen. The progress rate toward the full-year plan of 19 billion yen was 78.8%, below the five-year average of 91.2%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the December to February period (4Q) is expected to surge 2.4 times that of the same period last year, reaching 4.03 billion yen.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit decreased to 4.65 billion yen, a 23.4% decrease compared to the same period last year. The operating profit margin worsened from 8.5% in the same period last year to 6.4%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Mar - Nov, 2022 177,026 11,165 11,805 7,616 168.1 98.2 Dec 29, 2022 J-GAAP
Mar - Nov, 2023 203,252 16,306 16,708 11,541 254.1 90.9 Dec 29, 2023 J-GAAP
Mar - Nov, 2024 220,089 14,770 14,967 9,907 215.7 78.8 Dec 27, 2024 J-GAAP
YoY +8.3% -9.4% -10.4% -14.2% -15.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 142,700 7,704 7,750 6,419 141.4 50 Apr 4, 2024 J-GAAP
Sep - Feb, 2024 Guidance 145,797 9,105 8,703 5,761 124.5 55 Sep 30, 2024 J-GAAP
YoY +2.2% +18.2% +12.3% -10.3% -12.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 242,552 11,515 12,026 7,540 166.4 60 Apr 4, 2023 J-GAAP
Feb, 2024 275,596 18,015 18,389 13,513 297.8 85 Apr 4, 2024 J-GAAP
Feb, 2025 Guidance 290,000 19,000 19,000 12,700 274.3 90 Apr 4, 2024 J-GAAP
YoY +5.2% +5.5% +3.3% -6.0% -7.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 70,356 5,995 6,069 4,447 97.9 8.5 Dec 29, 2023 J-GAAP
Dec - Feb, 2023 72,344 1,709 1,681 1,972 43.5 2.4 Apr 4, 2024 J-GAAP
Mar - May, 2024 74,001 6,014 6,288 4,405 97.3 8.1 Jun 28, 2024 J-GAAP
Jun - Aug, 2024 70,202 3,881 4,009 2,534 55.4 5.5 Sep 30, 2024 J-GAAP
Sep - Nov, 2024 75,886 4,875 4,670 2,968 64.6 6.4 Dec 27, 2024 J-GAAP
YoY +7.9% -18.7% -23.1% -33.3% -34.0%

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