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ARIGATOU SERVICES COMPANY,LIMITED, First Half Ordinary Profit Unexpectedly Revised Upward by 22%

Tue Oct 15, 2024 1:00 pm JST Earnings

3177 ARIGATOU SERVICES COMPANY,LIMITED 【J-GAAP】

Earnings Report

ARIGATOU SERVICES COMPANY,LIMITED <3177> [TSE-S] announced its financial results in the afternoon session on October 15th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) increased by 21.8% from the same period last year, reaching 508 million yen, resulting in an increase in profits compared to the previous forecast of a 4.1% decrease.

The progress rate against the 835 million yen full-year plan was 60.8%, also surpassing the five-year average of 51.7%.

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 September to February period (second half) is expected to decrease by 19.9% from the same period last year to 327 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit increased by 50.7% from the same period last year, reaching 223 million yen. The operating profit margin improved from 5.7% in the same period last year to 8.1%.

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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
Mar - Aug, 2022 4,492 310 349 294 319.4 49.0 Oct 14, 2022 J-GAAP
Mar - Aug, 2023 4,708 361 417 265 287.8 50.5 Oct 13, 2023 J-GAAP
Mar - Aug, 2024 5,242 479 508 322 349.2 60.8 Oct 15, 2024 J-GAAP
YoY +11.3% +32.7% +21.8% +21.5% +21.3%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance 4,798 368 400 268 290.3 0 Apr 12, 2024 J-GAAP
Mar - Aug, 2024 Results 5,242 479 508 322 349.2 0 Oct 15, 2024 J-GAAP
Revision Rate +9.3% +30.2% +27.0% +20.1% +20.3%

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 5,022 365 408 93 101.0 125 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 4,608 255 327 40 43.3 125 Oct 15, 2024 J-GAAP
YoY -8.2% -30.1% -19.9% -57.0% -57.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 9,185 611 712 295 320.2 110 Apr 14, 2023 J-GAAP
Feb, 2024 9,730 726 825 358 388.8 125 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 9,850 734 835 362 392.1 125 Apr 12, 2024 J-GAAP
YoY +1.2% +1.1% +1.2% +1.1% +0.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 2,318 133 148 91 98.8 5.7 Oct 13, 2023 J-GAAP
Sep - Nov, 2023 2,339 106 117 60 65.1 4.5 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 2,683 259 291 33 35.8 9.7 Apr 12, 2024 J-GAAP
Mar - May, 2024 2,626 266 285 183 198.8 10.1 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 2,616 213 223 139 150.7 8.1 Oct 15, 2024 J-GAAP
YoY +12.9% +60.2% +50.7% +52.7% +52.5%

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