ASAHI Net, The Current Fiscal Year Ordinary Profit Revised Upward by 5%, Raises Record High Profit Forecast

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Thu Feb 13, 2025 3:30 pm JST Earnings

3834 ASAHI Net, Inc. 【J-GAAP】

Earnings Report

ASAHI Net, Inc. <3834> [TSE Prime] announced its financial results after the market closed on February 13th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 1.84 billion yen, an increase 36.8% compared to the same period last year.

In addition, the full-year ordinary profit has been revised upward 4.5%, from the previous forecast of 2.2 billion yen to 2.3 billion yen (compared to 1.98 billion yen in the previous period), increasing the growth rate from 10.8% to 15.8%, further surpassing the previous forecast of record-high profits for five consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the ordinary profit for the October to March period (2H) has been revised upward 10.8%, from the previous forecast of 0.92 billion yen to 1.02 billion yen (compared to 1.13 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 18.4% to 9.6%.

In the most recent three-month period, from October to December (3Q), the ordinary profit grew 14.6% from the same period last year, reaching 0.56 billion yen. The operating profit margin rose from 16.3% in the same period last year to 17.2%.

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	9,087	1,366	1,370	1,004	35.9	74.2	Feb 3, 2023	J-GAAP
Apr - Dec, 2023	9,067	1,335	1,346	892	32.1	67.8	Feb 6, 2024	J-GAAP
Apr - Dec, 2024	9,772	1,830	1,841	1,368	50.7	80.0	Feb 13, 2025	J-GAAP
YoY	+7.8%	+37.1%	+36.8%	+53.4%	+57.7%

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	6,304	935	924	563	21.0	12	Nov 7, 2024	J-GAAP
Oct - Mar, 2024 New	6,404	1,035	1,024	633	23.6	12	Feb 13, 2025	J-GAAP
Revision Rate	+1.6%	+10.7%	+10.8%	+12.4%	+12.4%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	12,800	2,200	2,200	1,540	57.4	24	May 9, 2024	J-GAAP
Mar, 2025 New	12,900	2,300	2,300	1,610	60.0	24	Feb 13, 2025	J-GAAP
Revision Rate	+0.8%	+4.5%	+4.5%	+4.5%	+4.6%

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	6,174	1,122	1,133	734	26.5	11.50	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	6,404	1,035	1,024	633	23.6	12	Feb 13, 2025	J-GAAP
YoY	+3.7%	-7.8%	-9.6%	-13.8%	-10.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	12,170	1,841	1,846	1,285	45.9	22.50	May 10, 2023	J-GAAP
Mar, 2024	12,217	1,965	1,986	1,289	46.5	23	May 9, 2024	J-GAAP
Mar, 2025 Guidance	12,900	2,300	2,300	1,610	60.0	24	Feb 13, 2025	J-GAAP
YoY	+5.6%	+17.0%	+15.8%	+24.9%	+29.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	3,024	492	493	337	12.1	16.3	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	3,150	630	640	397	14.3	20.0	May 9, 2024	J-GAAP
Apr - Jun, 2024	3,231	636	643	545	20.0	19.7	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	3,265	629	633	432	16.0	19.3	Nov 7, 2024	J-GAAP
Oct - Dec, 2024	3,276	565	565	391	14.5	17.2	Feb 13, 2025	J-GAAP
YoY	+8.3%	+14.8%	+14.6%	+16.0%	+19.3%