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ASTI, The Current Fiscal Year Ordinary Profit Revised Upward by 2.0 times, Dividend Revised Upward by 60 yen

Mon Feb 10, 2025 4:00 pm JST Earnings

6899 ASTI CORPORATION 【J-GAAP】

Earnings Report

ASTI CORPORATION <6899> [TSE Std] announced its financial results after the market closed on February 10th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 36.8% from the same period last year to 1.51 billion yen.

However, the full-year consolidated ordinary profit has been revised upward 2.0 times, from the previous forecast of 0.8 billion yen to 1.6 billion yen (compared to 3.08 billion yen in the previous period), and the declining rate is expected to decrease from 74.0% to 48.1%.

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) has been revised upward 2.8 times, from the previous forecast of 0.44 billion yen to 1.24 billion yen (compared to 1.27 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 65.3% to 2.7%.

In light of the strong performance, the company has significantly increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 50 yen to 110 yen (compared to 150 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 96.1% from the same period last year, reaching 1.15 billion yen. However, the operating profit margin worsened from 4.8% in the same period last year to 3.7%.

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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 50,499 1,719 1,768 1,105 353.6 84.4 Feb 9, 2023 J-GAAP
Apr - Dec, 2023 47,069 1,968 2,393 1,878 600.9 77.7 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 48,995 1,223 1,513 1,005 321.7 94.6 Feb 10, 2025 J-GAAP
YoY +4.1% -37.9% -36.8% -46.5% -46.5%

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 30,467 767 444 340 108.8 50 Nov 11, 2024 J-GAAP
Oct - Mar, 2024 New 34,467 1,067 1,244 940 300.7 110 Feb 10, 2025 J-GAAP
Revision Rate +13.1% +39.1% +180.2% +176.5% +176.5%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 61,000 1,300 800 500 160.0 50 Sep 27, 2024 J-GAAP
Mar, 2025 New 65,000 1,600 1,600 1,100 351.9 110 Feb 10, 2025 J-GAAP
Revision Rate +6.6% +23.1% +100.0% +120.0% +120.0%

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 33,405 1,082 1,278 1,188 380.1 150 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 34,467 1,067 1,244 940 300.7 110 Feb 10, 2025 J-GAAP
YoY +3.2% -1.4% -2.7% -20.9% -20.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 64,883 1,894 2,095 1,512 483.9 90 May 15, 2023 J-GAAP
Mar, 2024 63,607 2,234 3,081 2,695 862.3 150 May 14, 2024 J-GAAP
Mar, 2025 Guidance 65,000 1,600 1,600 1,100 351.9 110 Feb 10, 2025 J-GAAP
YoY +2.2% -28.4% -48.1% -59.2% -59.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 16,867 816 590 371 118.7 4.8 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 16,538 266 688 817 261.4 1.6 May 14, 2024 J-GAAP
Apr - Jun, 2024 14,886 209 553 433 138.6 1.4 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 15,647 324 -197 -273 -87.6 2.1 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 18,462 690 1,157 845 270.5 3.7 Feb 10, 2025 J-GAAP
YoY +9.5% -15.4% +96.1% +127.8% +127.9%

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