AWA PAPER, The Current Fiscal Year Net Income Revised Downward to a Loss, The Undetermined Dividend The Undetermined Dividend Turns to No The Undetermined Dividend

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Wed Feb 12, 2025 6:30 pm JST Earnings

3896 AWA PAPER & TECHNOLOGICAL COMPANY, Inc. 【J-GAAP】

Earnings Report

AWA PAPER & TECHNOLOGICAL COMPANY, Inc. <3896> [TSE Std] announced its financial results after the market closed on February 12th (18:30). The consolidated net income/loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a loss of 174 million yen (compared to a profit of 131 million yen in the same period last year).

In addition, the full-year consolidated net income/loss has been revised downward from an expected profit of 150 million yen to a loss of 30 million yen (compared to a profit of 52 million yen in the previous period), turning to a loss outlook.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income for the October to March period (2H) has decreased 51.0%, from the previous forecast of 353 million yen to 173 million yen (compared to a loss of 16 million yen in the same period of the previous year).

Due to a decline in performance, the company has decided to forego the year-end lump-sum dividend for the current fiscal year, which had previously been undecided (compared to 2 yen in the prior term), and the policy has been set to forego dividends for the first time in three terms.

In the most recent three-month period, from October to December (3Q), the consolidated net income significantly dropped to 29 million yen, a 54.0% decrease compared to the same period last year. The operating profit margin worsened from 3.7% in the same period last year to 2.7%.

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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	12,720	374	379	315	31.6	113.1	Feb 9, 2023	J-GAAP
Apr - Dec, 2023	12,419	248	224	131	13.1	87.2	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	12,542	110	33	-174	-17.5	12.7	Feb 12, 2025	J-GAAP
YoY	+1.0%	-55.6%	-85.3%	－	－

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	9,508	279	382	353	35.4	－	Nov 12, 2024	J-GAAP
Oct - Mar, 2024 New	8,908	419	312	173	17.4	0	Feb 12, 2025	J-GAAP
Revision Rate	-6.3%	+50.2%	-18.3%	-51.0%	-50.9%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	17,600	270	330	150	15.0	－	May 13, 2024	J-GAAP
Mar, 2025 New	17,000	410	260	-30	-3.0	0	Feb 12, 2025	J-GAAP
Revision Rate	-3.4%	+51.9%	-21.2%	－	－

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	7,862	259	185	-16	-1.6	0	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	8,908	419	312	173	17.4	0	Feb 12, 2025	J-GAAP
YoY	+13.3%	+61.8%	+68.6%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	17,309	376	335	242	24.3	3.50	May 11, 2023	J-GAAP
Mar, 2024	16,115	354	257	52	5.3	2	May 13, 2024	J-GAAP
Mar, 2025 Guidance	17,000	410	260	-30	-3.0	0	Feb 12, 2025	J-GAAP
YoY	+5.5%	+15.8%	+1.2%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	4,166	153	152	63	6.3	3.7	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	3,696	106	33	-79	-8.0	2.9	May 13, 2024	J-GAAP
Apr - Jun, 2024	3,691	-141	-126	-161	-16.2	-3.8	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	4,401	132	74	-42	-4.2	3.0	Nov 12, 2024	J-GAAP
Oct - Dec, 2024	4,450	119	85	29	2.9	2.7	Feb 12, 2025	J-GAAP
YoY	+6.8%	-22.2%	-44.1%	-54.0%	-53.7%