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ASAHI RUBBER, Apr-Dec (Cumulative 3Q) Ordinary Profit Turns to Loss, Oct-Dec Ordinary Profit Decreases by 48%

Mon Feb 10, 2025 3:30 pm JST Earnings

5162 ASAHI RUBBER INC. 【J-GAAP】

Earnings Report

ASAHI RUBBER INC. <5162> [TSE Std] announced its financial results after the market closed on February 10th (15:30). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a loss of 6 million yen (compared to a profit of 134 million yen in the same period last year).

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to drop 44.3% from the same period last year to 34 million yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 51 million yen, a 48.5% decrease compared to the same period last year. The operating profit margin drastically worsened from 5.4% in the same period last year to 2.0%.

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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 5,470 212 218 171 37.7 112.4 Feb 10, 2023 J-GAAP
Apr - Dec, 2023 5,250 114 134 127 28.0 68.7 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 5,653 -8 -6 -46 -10.2 Feb 10, 2025 J-GAAP
YoY +7.7%

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 3,821 145 160 78 17.2 10 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,669 84 85 96 21.0 10 Oct 30, 2024 J-GAAP
YoY -4.0% -42.1% -46.9% +23.1% +22.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 7,205 185 194 203 44.8 20 May 11, 2023 J-GAAP
Mar, 2024 7,180 156 195 133 29.4 20 May 14, 2024 J-GAAP
Mar, 2025 Guidance 7,363 36 28 10 2.2 20 Oct 30, 2024 J-GAAP
YoY +2.5% -76.9% -85.6% -92.5% -92.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 1,891 103 99 72 15.9 5.4 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 1,930 42 61 6 1.3 2.2 May 14, 2024 J-GAAP
Apr - Jun, 2024 1,838 12 14 4 1.0 0.7 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 1,856 -60 -71 -90 -19.8 -3.2 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 1,959 40 51 40 8.9 2.0 Feb 10, 2025 J-GAAP
YoY +3.6% -61.2% -48.5% -44.4% -44.0%

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