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AHJIKAN CO.,LTD., First Half Ordinary Profit Increases by 38%, July-September Ordinary Profit Increases by 15%

Mon Nov 11, 2024 3:00 pm JST Earnings

2907 AHJIKAN CO.,LTD. 【J-GAAP】

Earnings Report

AHJIKAN CO.,LTD. <2907> [TSE-S] announced its financial results in the afternoon session on November 11th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 1.33 billion yen, an increase of 38.4% compared to the same period last year. The progress rate against the 2 billion yen full-year plan was 66.9%, also surpassing the five-year average of 58.1%.

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 October to March period (second half) is expected to drop by 49.0% from the same period last year to 663 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 14.8% from the same period last year, reaching 658 million yen. The operating profit margin improved from 3.6% in the same period last year to 6.4%.

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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
Apr - Sep, 2022 22,912 245 738 490 64.4 158.4 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 24,249 582 966 657 86.4 42.6 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 25,093 1,301 1,337 922 121.2 66.9 Nov 11, 2024 J-GAAP
YoY +3.5% +123.5% +38.4% +40.3% +40.2%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 25,000 1,300 1,330 920 120.9 0 Nov 1, 2024 J-GAAP
Apr - Sep, 2024 Results 25,093 1,301 1,337 922 121.2 0 Nov 11, 2024 J-GAAP
Revision Rate +0.4% +0.1% +0.5% +0.2% +0.2%

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 25,991 1,128 1,300 852 112.0 25 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 26,907 599 663 478 62.8 30 Nov 11, 2024 J-GAAP
YoY +3.5% -46.9% -49.0% -43.9% -43.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 47,433 89 466 267 35.2 16 May 12, 2023 J-GAAP
Mar, 2024 50,240 1,710 2,266 1,509 198.4 25 May 14, 2024 J-GAAP
Mar, 2025 Guidance 52,000 1,900 2,000 1,400 184.0 30 Nov 1, 2024 J-GAAP
YoY +3.5% +11.1% -11.7% -7.2% -7.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 12,427 442 573 383 50.4 3.6 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 13,450 735 691 457 60.1 5.5 Feb 1, 2024 J-GAAP
Jan - Mar, 2024 12,541 393 609 395 51.9 3.1 May 14, 2024 J-GAAP
Apr - Jun, 2024 12,173 478 679 475 62.4 3.9 Aug 1, 2024 J-GAAP
Jul - Sep, 2024 12,920 823 658 447 58.7 6.4 Nov 11, 2024 J-GAAP
YoY +4.0% +86.2% +14.8% +16.7% +16.6%

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