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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

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%

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