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AUTOWAVE, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 9%

Fri Feb 14, 2025 2:00 pm JST Earnings

2666 AUTOWAVE Co.,Ltd. 【J-GAAP】

Earnings Report

AUTOWAVE Co.,Ltd. <2666> [TSE Std] announced its financial results in the afternoon session on February 14th (14:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 9.2% from the same period last year to 307 million yen. The progress rate toward the full-year plan of 443 million yen was 69.3%, also falling below the five-year average of 86.1%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the January to March period (4Q) is expected to expand 54.5% from the same period last year, reaching 136 million yen.

In the most recent three-month period, from October to December (3Q), the ordinary profit grew 9.1% from the same period last year, reaching 191 million yen. The operating profit margin remained almost flat, changing from 6.2% in the same period last year to 6.2%.

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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 5,926 253 341 216 15.0 83.4 Feb 10, 2023 J-GAAP
Apr - Dec, 2023 6,320 251 338 209 14.5 79.3 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 6,495 209 307 185 12.9 69.3 Feb 14, 2025 J-GAAP
YoY +2.8% -16.7% -9.2% -11.5% -11.2%

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 4,370 222 263 164 11.4 3 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 4,448 264 327 206 14.3 3 Nov 8, 2024 J-GAAP
YoY +1.8% +18.9% +24.3% +25.6% +25.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 7,994 296 409 259 18.0 2 May 12, 2023 J-GAAP
Mar, 2024 8,422 333 426 263 18.2 3 May 10, 2024 J-GAAP
Mar, 2025 Guidance 8,514 322 443 273 18.9 3 May 10, 2024 J-GAAP
YoY +1.1% -3.3% +4.0% +3.8% +3.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 2,268 140 175 110 7.6 6.2 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 2,102 82 88 54 3.7 3.9 May 10, 2024 J-GAAP
Apr - Jun, 2024 1,990 17 45 24 1.7 0.9 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 2,076 41 71 43 3.0 2.0 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 2,429 151 191 118 8.2 6.2 Feb 14, 2025 J-GAAP
YoY +7.1% +7.9% +9.1% +7.3% +7.5%

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