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AICHI STEEL, Oct-Dec (3Q) Net Income Increases by 39%

Fri Jan 31, 2025 2:40 pm JST Earnings

5482 AICHI STEEL CORPORATION 【IFRS】

Earnings Report

AICHI STEEL CORPORATION <5482> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on January 31st (14:40). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 7.4% from the same period last year to 5.65 billion yen. The progress rate toward the full-year plan of 6.4 billion yen was 88.4%, below the three-year average of 99.4%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to expand 54.6% from the same period last year, reaching 0.74 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income increased 39.0% from the same period last year, reaching 3.97 billion yen. The operating profit margin remained almost flat, changing from 5.6% in the same period last year to 5.7%.

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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
Apr - Dec, 2022 209,686 604 1,349 213 2.7 32.9 Feb 3, 2023 IFRS
Apr - Dec, 2023 226,968 9,104 9,556 6,113 77.4 87.3 Feb 2, 2024 IFRS
Apr - Dec, 2024 221,872 7,707 8,057 5,658 71.6 82.2 Jan 31, 2025 IFRS
YoY -2.2% -15.3% -15.7% -7.4% -7.5%

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 147,202 5,650 5,730 3,339 42.3 15 Apr 26, 2024 IFRS
Oct - Mar, 2024 Guidance 155,037 6,702 6,792 4,717 61.7 17.50 Oct 31, 2024 IFRS
YoY +5.3% +18.6% +18.5% +41.3% +46.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 285,141 3,260 4,099 1,610 20.4 7.50 Apr 27, 2023 IFRS
Mar, 2024 296,516 10,372 10,947 6,593 83.5 25 Apr 26, 2024 IFRS
Mar, 2025 Guidance 300,000 10,000 9,800 6,400 83.8 35 Oct 31, 2024 IFRS
YoY +1.2% -3.6% -10.5% -2.9% +0.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 77,654 4,382 4,339 2,859 36.2 5.6 Feb 2, 2024 IFRS
Jan - Mar, 2024 69,548 1,268 1,391 480 6.1 1.8 Apr 26, 2024 IFRS
Apr - Jun, 2024 71,933 1,485 1,875 1,122 14.2 2.1 Jul 31, 2024 IFRS
Jul - Sep, 2024 73,030 1,813 1,133 561 7.1 2.5 Oct 31, 2024 IFRS
Oct - Dec, 2024 76,909 4,409 5,049 3,975 50.3 5.7 Jan 31, 2025 IFRS
YoY -1.0% +0.6% +16.4% +39.0% +39.0%

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