ALPSALPINE, The Current Fiscal Year Ordinary Profit Revised Upward by 26%

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Fri Jan 31, 2025 3:30 pm JST Earnings

6770 ALPSALPINE CO., LTD. 【J-GAAP】

Earnings Report

ALPSALPINE CO., LTD. <6770> [TSE Prime] announced its financial results after the market closed on January 31st (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) was 24.4 billion yen, a 2.2% increase compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 26.3%, from the previous forecast of 19 billion yen to 24 billion yen (compared to 24.8 billion yen in the previous period), and the declining rate is expected to decrease from 23.4% to 3.3%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 46.3%, from the previous forecast of 10.8 billion yen to 15.8 billion yen (compared to 7.87 billion yen in the same period of the previous year), increasing the growth rate from 37.3% to 2.0 times.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.3 times that of the same period last year, reaching 16.2 billion yen. The operating profit margin improved from 3.8% in the same period last year to 5.6%.

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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	700,616	34,416	36,687	21,125	102.7	105.0	Jan 31, 2023	J-GAAP
Apr - Dec, 2023	735,359	20,583	23,932	-20,376	-99.1	96.5	Jan 30, 2024	J-GAAP
Apr - Dec, 2024	740,616	25,295	24,459	9,912	48.2	101.9	Jan 31, 2025	J-GAAP
YoY	+0.7%	+22.9%	+2.2%	－	－

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	449,689	11,786	10,807	28,986	141.0	30	Oct 30, 2024	J-GAAP
Oct - Mar, 2024 New	489,689	16,786	15,807	30,986	150.7	30	Jan 31, 2025	J-GAAP
Revision Rate	+8.9%	+42.4%	+46.3%	+6.9%	+6.9%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	940,000	23,000	19,000	30,000	145.9	60	Oct 30, 2024	J-GAAP
Mar, 2025 New	980,000	28,000	24,000	32,000	155.6	60	Jan 31, 2025	J-GAAP
Revision Rate	+4.3%	+21.7%	+26.3%	+6.7%	+6.7%

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	489,081	9,070	7,873	-36,525	-177.7	10	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	489,689	16,786	15,807	30,986	150.7	30	Jan 31, 2025	J-GAAP
YoY	+0.1%	+85.1%	+100.8%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	933,114	33,595	34,940	11,470	55.8	40	Apr 28, 2023	J-GAAP
Mar, 2024	964,090	19,711	24,809	-29,814	-145.0	30	May 9, 2024	J-GAAP
Mar, 2025 Guidance	980,000	28,000	24,000	32,000	155.6	60	Jan 31, 2025	J-GAAP
YoY	+1.7%	+42.1%	-3.3%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	260,350	9,942	6,996	-27,087	-131.8	3.8	Jan 30, 2024	J-GAAP
Jan - Mar, 2024	228,731	-872	877	-9,438	-45.9	-0.4	May 9, 2024	J-GAAP
Apr - Jun, 2024	233,593	1,224	4,787	445	2.2	0.5	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	256,718	9,990	3,406	569	2.8	3.9	Oct 30, 2024	J-GAAP
Oct - Dec, 2024	250,305	14,081	16,266	8,898	43.3	5.6	Jan 31, 2025	J-GAAP
YoY	-3.9%	+41.6%	+132.5%	－	－