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Avex, The Current Fiscal Year Net Income Revised Downward by 60%

Thu Feb 13, 2025 3:30 pm JST Earnings

7860 Avex Inc. 【J-GAAP】

Earnings Report

Avex Inc. <7860> [TSE Prime] announced its financial results after the market closed on February 13th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 2.15 billion yen, an increase 50.0% compared to the same period last year.

However, the full-year consolidated net income has decreased 60.0%, from the previous forecast of 4.5 billion yen to 1.8 billion yen (compared to 0.98 billion yen in the previous period), leading to a reduction in the profit growth rate from 4.6 times to 82.4%.

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 94.1%, from the previous forecast of 2.86 billion yen to 0.16 billion yen (compared to a loss of 1.47 billion yen in the same period of the previous year).

In the most recent three-month period, from October to December (3Q), the consolidated net income/loss turned to a profit of 0.52 billion yen (compared to a loss of 1.02 billion yen in the same period last year). The operating profit/loss margin significantly improved from -2.0% in the same period last year to 2.4%.

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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 85,525 3,344 3,351 2,826 62.7 82.6 Feb 9, 2023 J-GAAP
Apr - Dec, 2023 94,382 1,577 1,305 1,437 31.8 114.8 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 92,607 -1,262 -1,141 2,155 49.0 ー Feb 13, 2025 J-GAAP
YoY -1.9% － － +50.0% +54.0%

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 ー 4,122 ー 2,868 67.7 25 Nov 7, 2024 J-GAAP
Oct - Mar, 2024 New ー 322 ー 168 4.0 25 Feb 13, 2025 J-GAAP
Revision Rate － -92.2% － -94.1% -94.1%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev ー 2,000 ー 4,500 106.2 50 Jun 21, 2024 J-GAAP
Mar, 2025 New ー -1,800 ー 1,800 42.5 50 Feb 13, 2025 J-GAAP
Revision Rate － － － -60.0% -60.0%

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 69,032 -902 -1,049 -1,471 -32.5 25 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance ー 322 ー 168 4.0 25 Feb 13, 2025 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 121,561 3,385 4,055 2,742 60.8 50 May 11, 2023 J-GAAP
Mar, 2024 133,387 1,265 1,137 987 21.8 50 May 9, 2024 J-GAAP
Mar, 2025 Guidance ー -1,800 ー 1,800 42.5 50 Feb 13, 2025 J-GAAP
YoY － － － +82.4% +94.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 30,027 -590 -881 -1,021 -22.6 -2.0 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 39,005 -312 -168 -450 -10.0 -0.8 May 9, 2024 J-GAAP
Apr - Jun, 2024 25,548 -1,281 -1,236 1,834 40.5 -5.0 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 30,583 -841 -1,149 -202 -4.5 -2.7 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 36,476 860 1,244 523 11.9 2.4 Feb 13, 2025 J-GAAP
YoY +21.5% － － － －

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