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ASAHI Net, The Current Fiscal Year Ordinary Profit Revised Upward by 5%, Raises Record High Profit Forecast

Thu Feb 13, 2025 3:30 pm JST Earnings

3834 ASAHI Net, Inc. 【J-GAAP】

Earnings Report

ASAHI Net, Inc. <3834> [TSE Prime] announced its financial results after the market closed on February 13th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 1.84 billion yen, an increase 36.8% compared to the same period last year.

In addition, the full-year ordinary profit has been revised upward 4.5%, from the previous forecast of 2.2 billion yen to 2.3 billion yen (compared to 1.98 billion yen in the previous period), increasing the growth rate from 10.8% to 15.8%, further surpassing the previous forecast of record-high profits for five consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the ordinary profit for the October to March period (2H) has been revised upward 10.8%, from the previous forecast of 0.92 billion yen to 1.02 billion yen (compared to 1.13 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 18.4% to 9.6%.

In the most recent three-month period, from October to December (3Q), the ordinary profit grew 14.6% from the same period last year, reaching 0.56 billion yen. The operating profit margin rose from 16.3% in the same period last year to 17.2%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 9,087 1,366 1,370 1,004 35.9 74.2 Feb 3, 2023 J-GAAP
Apr - Dec, 2023 9,067 1,335 1,346 892 32.1 67.8 Feb 6, 2024 J-GAAP
Apr - Dec, 2024 9,772 1,830 1,841 1,368 50.7 80.0 Feb 13, 2025 J-GAAP
YoY +7.8% +37.1% +36.8% +53.4% +57.7%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 6,304 935 924 563 21.0 12 Nov 7, 2024 J-GAAP
Oct - Mar, 2024 New 6,404 1,035 1,024 633 23.6 12 Feb 13, 2025 J-GAAP
Revision Rate +1.6% +10.7% +10.8% +12.4% +12.4%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 12,800 2,200 2,200 1,540 57.4 24 May 9, 2024 J-GAAP
Mar, 2025 New 12,900 2,300 2,300 1,610 60.0 24 Feb 13, 2025 J-GAAP
Revision Rate +0.8% +4.5% +4.5% +4.5% +4.6%

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 6,404 1,035 1,024 633 23.6 12 Feb 13, 2025 J-GAAP
YoY +3.7% -7.8% -9.6% -13.8% -10.9%

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 12,900 2,300 2,300 1,610 60.0 24 Feb 13, 2025 J-GAAP
YoY +5.6% +17.0% +15.8% +24.9% +29.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Oct - Dec, 2024 3,276 565 565 391 14.5 17.2 Feb 13, 2025 J-GAAP
YoY +8.3% +14.8% +14.6% +16.0% +19.3%

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