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AEON KYUSHU, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 12% Decrease

Tue Jan 21, 2025 5:30 pm JST Revision

2653 AEON KYUSHU CO., LTD. 【J-GAAP】

Guidance Update Report

AEON KYUSHU CO., LTD. <2653> [TSE Std] announced a performance revision after the market closed on January 21st (17:30). The consolidated ordinary profit for the fiscal year ending February 2025 has decreased 12.3%, from the previous forecast of 10.6 billion yen to 9.3 billion yen (compared to 10.5 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 11.8% decrease in profit. However, the full-year consolidated net income has been revised upward 3.9%, from the previous forecast of 5.1 billion yen to 5.3 billion yen (compared to 7.02 billion yen in the previous period), and the declining rate is expected to decrease from 27.4% to 24.6%.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the September to February period (2H) consolidated ordinary profit has decreased 17.0%, from the previous forecast of 7.63 billion yen to 6.33 billion yen (compared to 4.88 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 56.5% to 29.9%.

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Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2024 Prev 271,906 7,781 7,639 3,105 91.2 25 Oct 9, 2024 J-GAAP
Sep - Feb, 2024 New 267,906 6,181 6,339 3,305 97.1 25 Jan 21, 2025 J-GAAP
Revision Rate -1.5% -20.6% -17.0% +6.4% +6.4%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2025 Prev 534,000 10,600 10,600 5,100 149.8 45 Apr 10, 2024 J-GAAP
Feb, 2025 New 530,000 9,000 9,300 5,300 155.7 45 Jan 21, 2025 J-GAAP
Revision Rate -0.7% -15.1% -12.3% +3.9% +3.9%

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 267,906 6,181 6,339 3,305 97.1 25 Jan 21, 2025 J-GAAP
YoY +3.8% +25.2% +29.9% +4.7% +5.3%

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 530,000 9,000 9,300 5,300 155.7 45 Jan 21, 2025 J-GAAP
YoY +3.9% -13.3% -11.8% -24.6% -24.1%

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