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AEON KYUSHU CO., LTD., First Half Ordinary Profit Decreases by 48%, June-Augus Ordinary Profit Decreases by 41%

Wed Oct 9, 2024 3:00 pm JST Earnings

2653 AEON KYUSHU CO., LTD. 【J-GAAP】

Earnings Report

AEON KYUSHU CO., LTD. <2653> [TSE-S] announced its financial results after the market closed on October 9th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) dropped by 47.7% from the same period last year to 2.96 billion yen. The progress rate against the 10.6 billion yen full-year plan was 27.9%, also falling below the five-year average of 46.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the September to February period (second half) is expected to expand by 56.5% from the same period last year, reaching 7.63 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit dropped to 2.08 billion yen, a 40.6% decrease compared to the same period last year. The operating profit margin worsened from 2.7% in the same period last year to 1.6%.

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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
Mar - Aug, 2022 235,991 3,122 3,516 2,477 71.5 39.8 Oct 5, 2022 J-GAAP
Mar - Aug, 2023 252,278 5,445 5,659 3,869 112.0 53.7 Oct 11, 2023 J-GAAP
Mar - Aug, 2024 262,094 2,819 2,961 1,995 58.7 27.9 Oct 9, 2024 J-GAAP
YoY +3.9% -48.2% -47.7% -48.4% -47.6%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance ー ー ー ー － 20 Apr 10, 2024 J-GAAP
Mar - Aug, 2024 Results 262,094 2,819 2,961 1,995 58.7 20 Oct 9, 2024 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 258,039 4,937 4,880 3,156 92.2 36 Apr 10, 2024 J-GAAP
Sep - Feb, 2024 Guidance 271,906 7,781 7,639 3,105 91.2 25 Oct 9, 2024 J-GAAP
YoY +5.4% +57.6% +56.5% -1.6% -1.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 484,466 8,330 8,829 4,672 134.8 28 Apr 12, 2023 J-GAAP
Feb, 2024 510,317 10,382 10,539 7,025 205.2 50 Apr 10, 2024 J-GAAP
Feb, 2025 Guidance 534,000 10,600 10,600 5,100 149.8 45 Apr 10, 2024 J-GAAP
YoY +4.6% +2.1% +0.6% -27.4% -27.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 128,881 3,503 3,510 2,116 61.3 2.7 Oct 11, 2023 J-GAAP
Sep - Nov, 2023 124,305 1,219 1,222 454 13.2 1.0 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 133,734 3,718 3,658 2,702 78.9 2.8 Apr 10, 2024 J-GAAP
Mar - May, 2024 126,328 701 875 535 15.8 0.6 Jul 10, 2024 J-GAAP
Jun - Aug, 2024 135,766 2,118 2,086 1,460 43.0 1.6 Oct 9, 2024 J-GAAP
YoY +5.3% -39.5% -40.6% -31.0% -29.8%

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