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ASAHI, First Half Ordinary Profit Decreases by 19%

Mon Sep 22, 2025 1:00 pm JST Earnings

3333 ASAHI CO.,LTD. 【J-GAAP】

Earnings Report

ASAHI CO.,LTD. <3333> [TSE Prime] announced its financial results in the afternoon session on September 22nd (13:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending February 2026 (March to August) decreased 19.0% from the same period last year to 3.92 billion yen, fell short of the previous forecast of 4.63 billion yen.

Progress toward the full-year plan of 5.75 billion yen was 68.2%, below the five-year average of 85.8%.

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 surge 2.3 times that of the same period last year, reaching 1.82 billion yen.

In the most recent three-month period, from June to August (2Q), the ordinary profit significantly dropped to 0.52 billion yen, a 56.5% decrease compared to the same period last year. The operating profit margin drastically worsened from 5.6% in the same period last year to 2.6%.

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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, 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 86.1 Sep 24, 2024 J-GAAP
Mar - Aug, 2025 45,900 3,756 3,923 2,630 101.0 68.2 Sep 22, 2025 J-GAAP
YoY -1.1% -21.1% -19.0% -19.4% -19.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2025 Guidance 48,100 4,570 4,630 3,070 117.9 25 Apr 4, 2025 J-GAAP
Mar - Aug, 2025 Results 45,900 3,756 3,923 2,630 101.0 25 Sep 22, 2025 J-GAAP
Revision Rate -4.6% -17.8% -15.3% -14.3% -14.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2024 35,173 722 783 290 11.1 25 Apr 4, 2025 J-GAAP
Sep - Feb, 2025 Guidance 39,900 1,864 1,827 1,020 39.2 25 Sep 22, 2025 J-GAAP
YoY +13.4% +158.2% +133.3% +251.7% +251.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 78,076 4,912 5,192 3,113 119.2 45 Apr 1, 2024 J-GAAP
Feb, 2025 81,593 5,485 5,626 3,555 136.5 50 Apr 4, 2025 J-GAAP
Feb, 2026 Guidance 85,800 5,620 5,750 3,650 140.2 50 Apr 4, 2025 J-GAAP
YoY +5.2% +2.5% +2.2% +2.7% +2.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2024 19,486 1,096 1,195 779 29.9 5.6 Sep 24, 2024 J-GAAP
Sep - Nov, 2024 18,117 821 808 509 19.5 4.5 Dec 23, 2024 J-GAAP
Dec - Feb, 2024 17,056 -99 -25 -219 -8.4 -0.6 Apr 4, 2025 J-GAAP
Mar - May, 2025 27,104 3,270 3,403 2,336 89.7 12.1 Jun 23, 2025 J-GAAP
Jun - Aug, 2025 18,796 486 520 294 11.3 2.6 Sep 22, 2025 J-GAAP
YoY -3.5% -55.7% -56.5% -62.3% -62.2%

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