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Airtrip Corp, First Half Net Income Decreases by 11%, Exceeds Full-Year Plan

Thu May 15, 2025 3:30 pm JST Earnings

6191 Airtrip Corp. 【IFRS】

Earnings Report

Airtrip Corp. <6191> [TSE Prime] announced its financial results (based on IFRS) after the market closed on May 15th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending September 2025 (October 2024 to March 2025) decreased 10.8% from the same period last year to 905 million yen. However, the progress rate toward the full-year plan of 500 million yen is 181.0%, already exceeding the target and also exceeding the five-year average of 64.3%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income/loss for the April to September period (2H) is expected to turn into a loss of 405 million yen (compared to a profit of 998 million yen in the same period last year).

In the most recent three-month period, from January to March (2Q), the consolidated net income dropped to 517 million yen, a 33.5% decrease compared to the same period last year. The operating profit margin decreased from 17.1% in the same period last year to 13.1%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Oct - Mar, 2022 11,588 1,588 1,584 1,114 50.3 80.3 May 15, 2023 IFRS
Oct - Mar, 2023 12,486 2,021 1,543 1,015 45.4 80.8 May 15, 2024 IFRS
Oct - Mar, 2024 13,096 1,535 1,469 905 40.4 163.2 May 15, 2025 IFRS
YoY +4.9% -24.0% -4.8% -10.8% -10.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Guidance Nov 14, 2024 IFRS
Oct - Mar, 2024 Results 13,096 1,535 1,469 905 40.4 0 May 15, 2025 IFRS
Revision Rate

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 14,085 347 367 998 44.6 10 Nov 14, 2024 IFRS
Apr - Sep, 2025 Guidance 14,904 -535 -569 -405 -18.1 May 15, 2025 IFRS
YoY +5.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 23,386 2,018 1,973 1,274 57.3 10 Nov 14, 2023 IFRS
Sep, 2024 26,571 2,368 1,910 2,013 90.0 10 Nov 14, 2024 IFRS
Sep, 2025 Guidance 28,000 1,000 900 500 22.3 Nov 14, 2024 IFRS
YoY +5.4% -57.8% -52.9% -75.2% -75.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 6,089 1,041 1,026 777 34.7 17.1 May 15, 2024 IFRS
Apr - Jun, 2024 5,987 657 687 1,423 63.6 11.0 Aug 14, 2024 IFRS
Jul - Sep, 2024 8,098 -310 -320 -425 -19.0 -3.8 Nov 14, 2024 IFRS
Oct - Dec, 2024 6,360 653 606 388 17.3 10.3 Feb 14, 2025 IFRS
Jan - Mar, 2025 6,736 882 863 517 23.1 13.1 May 15, 2025 IFRS
YoY +10.6% -15.3% -15.9% -33.5% -33.5%

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