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ASKUL, First Half Ordinary Profit Decreases by 17%, Sep-Nov Ordinary Profit Decreases by 22%

Fri Dec 13, 2024 3:30 pm JST Earnings

2678 ASKUL Corporation 【J-GAAP】

Earnings Report

ASKUL Corporation <2678> [TSE Prime] announced its financial results after the market closed on December 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending May 2025 (June to November) decreased 16.7% from the same period last year to 5.92 billion yen. The progress rate toward the full-year plan of 17.7 billion yen was 33.4%, also falling below the five-year average of 43.6%.

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 December to May period (second half) is expected to grow 23.1% from the same period last year, reaching 11.7 billion yen.

In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit decreased to 3.41 billion yen, a 22.1% decrease compared to the same period last year. The operating profit margin worsened from 3.7% in the same period last year to 2.9%.

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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
Jun - Nov, 2022 220,251 6,745 6,709 4,481 46.0 46.4 Dec 15, 2022 J-GAAP
Jun - Nov, 2023 231,288 7,242 7,104 4,637 47.6 42.6 Dec 15, 2023 J-GAAP
Jun - Nov, 2024 237,932 6,028 5,920 3,739 39.1 33.4 Dec 13, 2024 J-GAAP
YoY +2.9% -16.8% -16.7% -19.4% -17.8%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2024 Guidance ー ー ー ー － 19 Jul 3, 2024 J-GAAP
Jun - Nov, 2024 Results 237,932 6,028 5,920 3,739 39.1 19 Dec 13, 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
Dec - May, 2023 240,394 9,711 9,573 14,502 148.9 18 Jul 3, 2024 J-GAAP
Dec - May, 2024 Guidance 262,068 11,972 11,780 7,461 79.6 19 Dec 13, 2024 J-GAAP
YoY +9.0% +23.3% +23.1% -48.6% -46.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2023 446,713 14,620 14,448 9,787 100.4 34 Jul 4, 2023 J-GAAP
May, 2024 471,682 16,953 16,677 19,139 196.5 36 Jul 3, 2024 J-GAAP
May, 2025 Guidance 500,000 18,000 17,700 11,200 119.5 38 Jul 3, 2024 J-GAAP
YoY +6.0% +6.2% +6.1% -41.5% -39.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 118,214 4,415 4,377 2,908 29.8 3.7 Dec 15, 2023 J-GAAP
Dec - Feb, 2023 118,775 5,251 5,186 11,509 118.1 4.4 Mar 15, 2024 J-GAAP
Mar - May, 2024 121,619 4,460 4,387 2,993 30.7 3.7 Jul 3, 2024 J-GAAP
Jun - Aug, 2024 118,384 2,574 2,510 1,544 16.1 2.2 Sep 13, 2024 J-GAAP
Sep - Nov, 2024 119,548 3,454 3,410 2,195 23.0 2.9 Dec 13, 2024 J-GAAP
YoY +1.1% -21.8% -22.1% -24.5% -23.1%

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