kabutan

ASAHI Net, Inc., First Half Ordinary Profit Increases by 50%, July-September Ordinary Profit Increases by 36%

Thu Nov 7, 2024 3:30 pm JST Earnings

3834 ASAHI Net, Inc. 【J-GAAP】

Earnings Report

ASAHI Net, Inc. <3834> [TSE-P] announced its financial results after the market closed on November 7th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 1.27 billion yen, an increase of 49.6% compared to the same period last year. The progress rate against the 2.2 billion yen full-year plan was 58.0%, also surpassing the five-year average of 48.0%.

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 October to March period (second half) is expected to decrease by 18.4% from the same period last year to 924 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit increased by 35.8% from the same period last year, reaching 633 million yen. The operating profit margin rose from 15.4% in the same period last year to 19.3%.

Kabutan News

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 6,045 898 902 667 23.8 48.9 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 6,043 843 853 555 20.0 43.0 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 6,496 1,265 1,276 977 36.1 58.0 Nov 7, 2024 J-GAAP
YoY +7.5% +50.1% +49.6% +76.0% +80.8%

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 12 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 6,496 1,265 1,276 977 36.1 12 Nov 7, 2024 J-GAAP
Revision Rate

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 6,174 1,122 1,133 734 26.5 11.50 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,304 935 924 563 21.0 12 Nov 7, 2024 J-GAAP
YoY +2.1% -16.7% -18.4% -23.3% -20.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 12,170 1,841 1,846 1,285 45.9 22.50 May 10, 2023 J-GAAP
Mar, 2024 12,217 1,965 1,986 1,289 46.5 23 May 9, 2024 J-GAAP
Mar, 2025 Guidance 12,800 2,200 2,200 1,540 57.4 24 May 9, 2024 J-GAAP
YoY +4.8% +12.0% +10.8% +19.5% +23.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,014 465 466 291 10.5 15.4 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 3,024 492 493 337 12.1 16.3 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 3,150 630 640 397 14.3 20.0 May 9, 2024 J-GAAP
Apr - Jun, 2024 3,231 636 643 545 20.0 19.7 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 3,265 629 633 432 16.0 19.3 Nov 7, 2024 J-GAAP
YoY +8.3% +35.3% +35.8% +48.5% +52.5%

Related Articles