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Aqualine, First Half Net Income Turns to Profit, Jun-Aug Net Income Turns to Profit

Fri Jan 10, 2025 10:40 pm JST Earnings

6173 Aqualine Ltd. 【J-GAAP】

Earnings Report

Aqualine Ltd. <6173> [TSE Growth] announced its financial results after the market closed on January 10th (22:40). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending February 2025 (March to August) turned into a profit of 43 million yen (compared to a loss of 91 million yen in the same period last year). The company has been in a state of excessive liabilities (48 million yen) for two consecutive quarters.

The progress rate toward the full-year plan of 116 million yen was 37.1%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income/loss for the September to February period (2H) is expected to turn into a profit of 73 million yen (compared to a loss of 280 million yen in the same period last year).

In the most recent three-month period, from June to August (2Q), the consolidated net income/loss turned to a profit of 180 million yen (compared to a loss of 3 million yen in the same period last year). However, the operating profit/loss margin drastically worsened from -0.9% in the same period last year to -18.0%.

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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
Mar - Aug, 2022 2,186 -232 -225 -258 -77.8 ー Oct 14, 2022 J-GAAP
Mar - Aug, 2023 2,450 -78 -69 -91 -35.1 ー Oct 16, 2023 J-GAAP
Mar - Aug, 2024 2,011 -231 -222 43 11.7 ー Jan 10, 2025 J-GAAP
YoY -17.9% -196.2% -221.7% － －

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance ー ー ー ー － 0 Apr 15, 2024 J-GAAP
Mar - Aug, 2024 Results 2,011 -231 -222 43 11.7 0 Jan 10, 2025 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
Sep - Feb, 2023 2,395 -269 -259 -280 -93.4 0 Apr 15, 2024 J-GAAP
Sep - Feb, 2024 Guidance 1,931 314 307 73 19.8 0 Jan 10, 2025 J-GAAP
YoY -19.4% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 4,588 -242 -207 -319 -149.4 0 Apr 14, 2023 J-GAAP
Feb, 2024 4,845 -347 -328 -371 -123.7 0 Apr 15, 2024 J-GAAP
Feb, 2025 Guidance 3,942 83 85 116 31.4 0 Oct 10, 2024 J-GAAP
YoY -18.6% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 1,288 -12 -7 -3 -1.2 -0.9 Oct 16, 2023 J-GAAP
Sep - Nov, 2023 1,214 -252 -246 -287 -110.6 -20.8 Jan 15, 2024 J-GAAP
Dec - Feb, 2023 1,181 -17 -13 7 2.3 -1.4 Apr 15, 2024 J-GAAP
Mar - May, 2024 1,124 -71 -64 -137 -37.3 -6.3 Oct 10, 2024 J-GAAP
Jun - Aug, 2024 887 -160 -158 180 48.8 -18.0 Jan 10, 2025 J-GAAP
YoY -31.1% -1,233.3% -2,157.1% － －

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