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ASAHI YUKIZAI, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 4%
4216 ASAHI YUKIZAI CORPORATION 【J-GAAP】
Earnings ReportASAHI YUKIZAI CORPORATION <4216> [TSE Prime] announced its financial results after the market closed on January 30th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) dropped 31.2% from the same period last year to 6.16 billion yen.
In addition, the full-year forecast for consolidated ordinary profit has decreased 3.9%, from the previous forecast of 7.60 billion yen to 7.30 billion yen (compared to 11.2 billion yen in the previous period), leading to an increase in the profit decline rate from 32.4% to 35.1%.
Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) has decreased 9.5%, from the previous forecast of 3.15 billion yen to 2.85 billion yen (compared to 5.44 billion yen in the same period of the previous year), leading to an increase in the profit decline rate from 42.0% to 47.6%.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 1.72 billion yen, a 45.5% decrease compared to the same period last year. The operating profit margin significantly dropped from 13.3% in the same period last year to 7.8%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 66,096 | 12,455 | 12,749 | 8,175 | 426.6 | 79.3 | Jan 31, 2024 | J-GAAP |
| Apr - Dec, 2024 | 63,175 | 8,744 | 8,970 | 6,074 | 319.4 | 79.7 | Jan 31, 2025 | J-GAAP |
| Apr - Dec, 2025 | 59,675 | 5,889 | 6,169 | 4,025 | 214.3 | 84.5 | Jan 30, 2026 | J-GAAP |
| YoY | -5.5% | -32.7% | -31.2% | -33.7% | -32.9% |
Guidance Update
Second Half Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2025 Prev | 40,157 | 3,149 | 3,155 | 2,089 | 111.2 | 60 | Oct 31, 2025 | J-GAAP |
| Oct - Mar, 2025 New | 40,157 | 2,649 | 2,855 | 1,789 | 95.2 | 60 | Jan 30, 2026 | J-GAAP |
| Revision Rate | 0.0% | -15.9% | -9.5% | -14.4% | -14.4% |
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 80,000 | 7,500 | 7,600 | 5,100 | 271.5 | 120 | Sep 26, 2025 | J-GAAP |
| Mar, 2026 New | 80,000 | 7,000 | 7,300 | 4,800 | 255.5 | 120 | Jan 30, 2026 | J-GAAP |
| Revision Rate | 0.0% | -6.7% | -3.9% | -5.9% | -5.9% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 | 43,432 | 5,234 | 5,444 | 3,809 | 200.5 | 55 | May 15, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 40,157 | 2,649 | 2,855 | 1,789 | 95.2 | 60 | Jan 30, 2026 | J-GAAP |
| YoY | -7.5% | -49.4% | -47.6% | -53.0% | -52.5% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 87,426 | 15,576 | 16,076 | 11,382 | 594.3 | 100 | May 15, 2024 | J-GAAP |
| Mar, 2025 | 85,162 | 11,121 | 11,250 | 7,624 | 401.3 | 110 | May 15, 2025 | J-GAAP |
| Mar, 2026 Guidance | 80,000 | 7,000 | 7,300 | 4,800 | 255.5 | 120 | Jan 30, 2026 | J-GAAP |
| YoY | -6.1% | -37.1% | -35.1% | -37.0% | -36.3% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 21,445 | 2,857 | 3,164 | 2,259 | 118.8 | 13.3 | Jan 31, 2025 | J-GAAP |
| Jan - Mar, 2025 | 21,987 | 2,377 | 2,280 | 1,550 | 81.6 | 10.8 | May 15, 2025 | J-GAAP |
| Apr - Jun, 2025 | 20,009 | 2,163 | 2,153 | 1,360 | 72.4 | 10.8 | Jul 31, 2025 | J-GAAP |
| Jul - Sep, 2025 | 19,834 | 2,188 | 2,292 | 1,651 | 87.9 | 11.0 | Oct 31, 2025 | J-GAAP |
| Oct - Dec, 2025 | 19,832 | 1,538 | 1,724 | 1,014 | 54.0 | 7.8 | Jan 30, 2026 | J-GAAP |
| YoY | -7.5% | -46.2% | -45.5% | -55.1% | -54.6% |
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