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APPLE INTERNATIONAL, 22% Decrease in Ordinary Profit for The Current Fiscal Year

Fri Feb 14, 2025 3:30 pm JST Earnings

2788 APPLE INTERNATIONALCO.,LTD. 【J-GAAP】

Earnings Report

APPLE INTERNATIONALCO.,LTD. <2788> [TSE Std] announced its financial results after the market closed on February 14th (15:30). The consolidated ordinary profit for the fiscal year ending December 2024 increased 20.8% from the previous period to 1.53 billion yen. However, for the fiscal year ending December 2025, the profit is expected to decrease by 21.6% from the previous period to 1.2 billion yen.

At the same time, the company plans to remove the special dividend of the previous term and set the dividend for this term at an ordinary dividend of 10 yen.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit/loss turned to a profit of 0.19 billion yen (compared to a loss of 0.03 billion yen in the same period last year). The operating profit margin improved from 0.0% in the same period last year to 1.4%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 29,222 1,458 1,701 1,330 99.3 5 Feb 17, 2023 J-GAAP
Dec, 2023 30,911 1,098 1,271 1,007 78.2 15 Feb 16, 2024 J-GAAP
Dec, 2024 43,795 1,374 1,535 1,198 93.3 15 Feb 14, 2025 J-GAAP
YoY +41.7% +25.1% +20.8% +19.0% +19.4%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Guidance 41,794 1,512 1,621 1,230 95.8 15 Nov 15, 2024 J-GAAP
Dec, 2024 Results 43,795 1,374 1,535 1,198 93.3 15 Feb 14, 2025 J-GAAP
Revision Rate +4.8% -9.1% -5.3% -2.6% -2.6%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 23,147 822 921 676 52.7 0 Aug 9, 2024 J-GAAP
Jan - Jun, 2025 Guidance 17,847 510 493 371 28.9 0 Feb 14, 2025 J-GAAP
YoY -22.9% -38.0% -46.5% -45.1% -45.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 30,911 1,098 1,271 1,007 78.2 15 Feb 16, 2024 J-GAAP
Dec, 2024 43,795 1,374 1,535 1,198 93.3 15 Feb 14, 2025 J-GAAP
Dec, 2025 Guidance 37,183 1,133 1,204 905 70.5 10 Feb 14, 2025 J-GAAP
YoY -15.1% -17.5% -21.6% -24.5% -24.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 7,370 0 -36 -13 -1.0 0.0 Feb 16, 2024 J-GAAP
Jan - Mar, 2024 13,378 488 548 424 33.1 3.6 May 10, 2024 J-GAAP
Apr - Jun, 2024 9,769 334 373 252 19.6 3.4 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 10,379 406 422 343 26.7 3.9 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 10,269 146 192 179 13.9 1.4 Feb 14, 2025 J-GAAP
YoY +39.3%

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