ASNOVA, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 49%, Oct-Dec Ordinary Profit Decreases by 13%

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Fri Feb 14, 2025 4:00 pm JST Earnings

9223 ASNOVA Co.,Ltd. 【J-GAAP】

Earnings Report

ASNOVA Co.,Ltd. <9223> [TSE Growth] announced its financial results after the market closed on February 14th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 48.6% from the same period last year to 108 million yen. The progress rate toward the full-year plan of 402 million yen was 26.9%, also falling below the three-year average of 72.6%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to surge 2.6 times that of the same period last year, reaching 294 million yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 113 million yen, a 13.1% decrease compared to the same period last year. The operating profit margin decreased from 13.4% in the same period last year to 9.9%.

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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	2,358	137	147	91	7.5	69.3	Feb 14, 2023	J-GAAP
Apr - Dec, 2023	2,760	222	210	122	10.0	64.8	Feb 14, 2024	J-GAAP
Apr - Dec, 2024	3,149	100	108	35	2.8	26.9	Feb 14, 2025	J-GAAP
YoY	+14.1%	-55.0%	-48.6%	-71.3%	-71.5%

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	2,077	268	244	169	13.7	1	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	2,236	449	407	245	19.7	1	Nov 14, 2024	J-GAAP
YoY	+7.7%	+67.5%	+66.8%	+45.0%	+44.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	3,141	187	212	144	11.8	1.88	May 12, 2023	J-GAAP
Mar, 2024	3,785	349	324	210	17.0	2	May 14, 2024	J-GAAP
Mar, 2025 Guidance	4,205	432	402	220	17.7	2	May 14, 2024	J-GAAP
YoY	+11.1%	+23.8%	+24.1%	+4.8%	+4.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	1,052	141	130	81	6.6	13.4	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	1,025	127	114	88	7.1	12.4	May 14, 2024	J-GAAP
Apr - Jun, 2024	943	-35	-32	-33	-2.7	-3.7	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	1,026	18	27	8	0.7	1.8	Nov 14, 2024	J-GAAP
Oct - Dec, 2024	1,180	117	113	60	4.9	9.9	Feb 14, 2025	J-GAAP
YoY	+12.2%	-17.0%	-13.1%	-25.9%	-26.3%