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ASAHI CO.,LTD., First Half Ordinary Profit Increases by 11%, 2Q (June-August) Ordinary Profit Increases by 86%

Tue Sep 24, 2024 3:00 pm JST Earnings

3333 ASAHI CO.,LTD. 【J-GAAP】

Earnings Report

ASAHI CO.,LTD. <3333> [TSE-P] announced its financial results after the market closed on September 24th (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending February 2025 (March to August) increased by 11.0% from the same period last year, reaching 4.84 billion yen. This progress accounts for 83.5% of the full-year plan of 5.8 billion yen, it was below the five-year average of 87.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the September to February period (second half) is expected to grow by 15.4% from the same period last year, reaching 957 million yen.

In the most recent three-month period, from June to August (2Q), the ordinary profit increased by 85.8% from the same period last year, reaching 1.19 billion yen. The operating profit margin improved from 3.2% in the same period last year to 5.5%.

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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 41,725 4,263 4,301 2,885 110.5 80.9 Sep 26, 2022 J-GAAP
Mar - Aug, 2023 43,763 4,218 4,363 2,920 111.8 84.0 Sep 25, 2023 J-GAAP
Mar - Aug, 2024 46,420 4,763 4,843 3,265 125.3 83.5 Sep 24, 2024 J-GAAP
YoY +6.1% +12.9% +11.0% +11.8% +12.0%

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 46,000 4,400 4,500 2,960 113.7 25 Apr 1, 2024 J-GAAP
Mar - Aug, 2024 Results 46,420 4,763 4,843 3,265 125.3 25 Sep 24, 2024 J-GAAP
Revision Rate +0.9% +8.3% +7.6% +10.3% +10.2%

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 34,313 694 829 193 7.4 22.50 Apr 1, 2024 J-GAAP
Sep - Feb, 2024 Guidance 36,080 737 957 415 15.9 25 Sep 24, 2024 J-GAAP
YoY +5.1% +6.2% +15.4% +115.0% +115.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 74,712 5,127 5,316 3,366 128.9 28 Apr 3, 2023 J-GAAP
Feb, 2024 78,076 4,912 5,192 3,113 119.2 45 Apr 1, 2024 J-GAAP
Feb, 2025 Guidance 82,500 5,500 5,800 3,680 141.3 50 Apr 1, 2024 J-GAAP
YoY +5.7% +12.0% +11.7% +18.2% +18.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 17,738 574 643 388 14.9 3.2 Sep 25, 2023 J-GAAP
Sep - Nov, 2023 17,931 705 779 458 17.5 3.9 Dec 25, 2023 J-GAAP
Dec - Feb, 2023 16,382 -11 50 -265 -10.2 -0.1 Apr 1, 2024 J-GAAP
Mar - May, 2024 26,934 3,667 3,648 2,486 95.4 13.6 Jun 24, 2024 J-GAAP
Jun - Aug, 2024 19,486 1,096 1,195 779 29.9 5.6 Sep 24, 2024 J-GAAP
YoY +9.9% +90.9% +85.8% +100.8% +101.2%

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