AIR WATER, Apr-Dec (Cumulative 3Q) Net Income Increases by 13%

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Fri Feb 7, 2025 4:30 pm JST Earnings

4088 AIR WATER INC. 【IFRS】

Earnings Report

AIR WATER INC. <4088> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 7th (16:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 12.8% from the same period last year, reaching 35 billion yen. However, the progress rate toward the full-year plan of 50 billion yen was 70.0%, also falling below the five-year average of 72.9%.

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 grow 12.5% from the same period last year, reaching 14.9 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income grew 8.2% from the same period last year, reaching 14.8 billion yen. However, the operating profit margin worsened from 8.0% in the same period last year to 7.7%.

Kabutan News

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	724,769	41,429	41,060	26,492	116.8	67.3	Feb 8, 2023	IFRS
Apr - Dec, 2023	744,668	49,832	49,290	31,046	136.3	73.9	Feb 9, 2024	IFRS
Apr - Dec, 2024	784,867	53,204	53,132	35,016	153.2	69.9	Feb 7, 2025	IFRS
YoY	+5.4%	+6.8%	+7.8%	+12.8%	+12.4%

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	547,565	39,897	38,890	27,048	118.7	34	May 9, 2024	IFRS
Oct - Mar, 2024 Guidance	592,038	46,018	44,783	29,844	130.3	32	Nov 7, 2024	IFRS
YoY	+8.1%	+15.3%	+15.2%	+10.3%	+9.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,004,914	62,181	60,978	40,137	176.8	60	May 10, 2023	IFRS
Mar, 2024	1,024,540	68,272	66,712	44,360	194.7	64	May 9, 2024	IFRS
Mar, 2025 Guidance	1,100,000	78,000	76,000	50,000	218.4	64	May 9, 2024	IFRS
YoY	+7.4%	+14.2%	+13.9%	+12.7%	+12.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	267,693	21,457	21,468	13,734	60.3	8.0	Feb 9, 2024	IFRS
Jan - Mar, 2024	279,872	18,440	17,422	13,314	58.4	6.6	May 9, 2024	IFRS
Apr - Jun, 2024	245,943	13,939	14,320	9,363	41.0	5.7	Aug 8, 2024	IFRS
Jul - Sep, 2024	262,019	18,043	16,897	10,793	47.2	6.9	Nov 7, 2024	IFRS
Oct - Dec, 2024	276,905	21,222	21,915	14,860	65.0	7.7	Feb 7, 2025	IFRS
YoY	+3.4%	-1.1%	+2.1%	+8.2%	+7.8%