ASAHI CONCRETE WORKS, The Current Fiscal Year Ordinary Profit Revised Upward by 21%, Dividend Revised Upward by 3 yen

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Fri Feb 7, 2025 1:00 pm JST Earnings

5268 ASAHI CONCRETE WORKS CO.,LTD. 【J-GAAP】

Earnings Report

ASAHI CONCRETE WORKS CO.,LTD. <5268> [TSE Std] announced its financial results in the afternoon session on February 7th (13:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 650 million yen, an increase 67.1% compared to the same period last year.

In addition, the full-year ordinary profit has been revised upward 20.8%, from the previous forecast of 480 million yen to 580 million yen (compared to 467 million yen in the previous period), increasing the growth rate from 2.8% to 24.2%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the ordinary profit for the October to March period (2H) is expected to increase 2.3 times, from the previous forecast of 77 million yen to 177 million yen (compared to 172 million yen in the same period of the previous year), turning to a 2.9% increase in the ordinary profit outlook.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 14 yen to 17 yen (compared to 18 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the ordinary profit surged 2.6 times that of the same period last year, reaching 247 million yen. The operating profit margin drastically improved from 4.5% in the same period last year to 11.2%.

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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	4,687	262	325	248	18.9	75.6	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	4,984	316	389	288	22.0	83.3	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	5,078	549	650	448	34.1	112.1	Feb 7, 2025	J-GAAP
YoY	+1.9%	+73.7%	+67.1%	+55.6%	+55.1%

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	3,912	72	77	41	3.1	14	Nov 8, 2024	J-GAAP
Oct - Mar, 2024 New	3,912	182	177	111	8.4	17	Feb 7, 2025	J-GAAP
Revision Rate	0.0%	+152.8%	+129.9%	+170.7%	+170.5%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	7,200	420	480	320	24.3	14	May 10, 2024	J-GAAP
Mar, 2025 New	7,200	530	580	390	29.6	17	Feb 7, 2025	J-GAAP
Revision Rate	0.0%	+26.2%	+20.8%	+21.9%	+21.9%

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	3,814	173	172	108	8.2	18	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	3,912	182	177	111	8.4	17	Feb 7, 2025	J-GAAP
YoY	+2.6%	+5.2%	+2.9%	+2.8%	+2.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	6,584	345	430	311	23.7	13	May 12, 2023	J-GAAP
Mar, 2024	7,071	412	467	337	25.7	18	May 10, 2024	J-GAAP
Mar, 2025 Guidance	7,200	530	580	390	29.6	17	Feb 7, 2025	J-GAAP
YoY	+1.8%	+28.6%	+24.2%	+15.7%	+15.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	1,727	77	94	59	4.5	4.5	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	2,087	96	78	49	3.7	4.6	May 10, 2024	J-GAAP
Apr - Jun, 2024	1,576	123	180	132	10.0	7.8	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	1,712	225	223	147	11.2	13.1	Nov 8, 2024	J-GAAP
Oct - Dec, 2024	1,790	201	247	169	12.9	11.2	Feb 7, 2025	J-GAAP
YoY	+3.6%	+161.0%	+162.8%	+186.4%	+185.6%