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ASJ, Apr-Dec (Cumulative 3Q) Net Income Turns to Profit, Oct-Dec Net Income Increases by 3.1 times

Thu Feb 13, 2025 3:30 pm JST Earnings

2351 ASJ INC. 【IFRS】

Earnings Report

ASJ INC. <2351> [TSE Growth] announced its financial results (based on IFRS) after the market closed on February 13th (15:30). The consolidated net income/loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a profit of 35 million yen (compared to a loss of 23 million yen in the same period last year). The progress rate toward the full-year plan of 115 million yen was 30.4%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to drop 40.7% from the same period last year to 80 million yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income surged 3.1 times that of the same period last year, reaching 25 million yen. However, the operating profit margin worsened from 1.9% in the same period last year to 1.6%.

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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 2,018 26 26 21 2.7 31.7 Feb 14, 2023 IFRS
Apr - Dec, 2023 2,002 -22 -22 -23 -2.9 ー Feb 14, 2024 IFRS
Apr - Dec, 2024 1,920 24 23 35 4.4 ー Feb 13, 2025 IFRS
YoY -4.1% － － － －

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 1,517 137 145 143 18.0 2 May 14, 2024 IFRS
Oct - Mar, 2024 Guidance 1,735 122 ー 105 13.2 2 Nov 14, 2024 IFRS
YoY +14.4% -10.9% － -26.6% -26.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 2,753 78 82 62 7.9 2 May 12, 2023 IFRS
Mar, 2024 2,846 102 110 112 14.1 2 May 14, 2024 IFRS
Mar, 2025 Guidance 3,030 136 ー 115 14.5 2 May 14, 2024 IFRS
YoY +6.5% +33.3% － +2.7% +2.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 673 13 13 8 1.0 1.9 Feb 14, 2024 IFRS
Jan - Mar, 2024 844 124 132 135 17.0 14.7 May 14, 2024 IFRS
Apr - Jun, 2024 654 -5 -5 -4 -0.6 -0.8 Aug 14, 2024 IFRS
Jul - Sep, 2024 641 19 18 14 1.8 3.0 Nov 14, 2024 IFRS
Oct - Dec, 2024 625 10 10 25 3.1 1.6 Feb 13, 2025 IFRS
YoY -7.1% -23.1% -23.1% +212.5% +208.9%

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