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AEON KYUSHU, Mar-Nov (Cumulative 3Q) Ordinary Profit Decreases by 49%, Sep-Nov Ordinary Profit Decreases by 56%

Fri Jan 10, 2025 3:30 pm JST Earnings

2653 AEON KYUSHU CO., LTD. 【J-GAAP】

Earnings Report

AEON KYUSHU CO., LTD. <2653> [TSE Std] announced its financial results after the market closed on January 10th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) dropped 49.2% from the same period last year to 3.49 billion yen. The progress rate toward the full-year plan of 10.6 billion yen was 33.0%, also falling below the five-year average of 50.9%.

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 December to February period (4Q) is expected to expand 94.2% from the same period last year, reaching 7.1 billion yen.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit significantly dropped to 0.53 billion yen, a 56.3% decrease compared to the same period last year. The operating profit margin worsened from 1.0% in the same period last year to 0.4%.

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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
Mar - Nov, 2022 354,664 3,716 4,220 3,194 92.2 47.8 Jan 13, 2023 J-GAAP
Mar - Nov, 2023 376,583 6,664 6,881 4,323 125.9 65.3 Jan 12, 2024 J-GAAP
Mar - Nov, 2024 391,941 3,301 3,495 2,289 67.4 33.0 Jan 10, 2025 J-GAAP
YoY +4.1% -50.5% -49.2% -47.1% -46.5%

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
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
Sep - Nov, 2024 129,847 482 534 294 8.7 0.4 Jan 10, 2025 J-GAAP
YoY +4.5% -60.5% -56.3% -35.2% -34.6%

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