APPLE INTERNATIONALCO.,LTD., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 3%, Exceeds Full-Year Plan

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Fri Nov 8, 2024 3:30 pm JST Earnings

2788 APPLE INTERNATIONALCO.,LTD. 【J-GAAP】

Earnings Report

APPLE INTERNATIONALCO.,LTD. <2788> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) was 1.34 billion yen, a 2.8% increase compared to the same period last year. The progress rate against the full-year plan of 1.29 billion yen is 103.4%, already exceeding the target and also exceeding the five-year average of 81.1%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary loss for the October to December period (4Q) is expected to expand to a loss of 44 million yen (compared to a loss of 36 million yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit increased by 38.4% from the same period last year, reaching 422 million yen. The operating profit margin improved from 3.2% in the same period last year to 3.9%.

Kabutan News

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
Jan - Sep, 2022	23,101	1,295	1,495	1,164	85.9	87.9	Nov 11, 2022	J-GAAP
Jan - Sep, 2023	23,541	1,098	1,307	1,020	79.0	102.8	Nov 10, 2023	J-GAAP
Jan - Sep, 2024	33,526	1,228	1,343	1,019	79.4	103.4	Nov 8, 2024	J-GAAP
YoY	+42.4%	+11.8%	+2.8%	-0.1%	+0.5%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	14,793	236	269	223	17.3	15	Feb 16, 2024	J-GAAP
Jul - Dec, 2024 Guidance	13,824	392	378	244	19.0	10	Aug 6, 2024	J-GAAP
YoY	-6.6%	+66.1%	+40.5%	+9.4%	+9.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	29,222	1,458	1,701	1,330	99.3	5	Feb 17, 2023	J-GAAP
Dec, 2023	30,911	1,098	1,271	1,007	78.2	15	Feb 16, 2024	J-GAAP
Dec, 2024 Guidance	36,971	1,214	1,299	920	71.6	10	Aug 6, 2024	J-GAAP
YoY	+19.6%	+10.6%	+2.2%	-8.6%	-8.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	7,423	236	305	236	18.3	3.2	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	7,370	0	-36	-13	-1.0	0.0	Feb 16, 2024	J-GAAP
Jan - Mar, 2024	13,378	488	548	424	33.1	3.6	May 10, 2024	J-GAAP
Apr - Jun, 2024	9,769	334	373	252	19.6	3.4	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	10,379	406	422	343	26.7	3.9	Nov 8, 2024	J-GAAP
YoY	+39.8%	+72.0%	+38.4%	+45.3%	+46.1%