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AIR WATER, 8% Increase in Net Income, Update Record High for Third Consecutive Term, Increased Previous Year's Dividend by 11 yen, Plan to Continue the 75 yen Policy This Fiscal Year as Well

Tue May 13, 2025 3:30 pm JST Earnings

4088 AIR WATER INC. 【IFRS】

Earnings Report

AIR WATER INC. <4088> [TSE Prime] announced its financial results (based on IFRS) after the market closed on May 13th (15:30). The consolidated net income for the fiscal year ending March 2025 increased 10.6% from the previous period to 49 billion yen. For the fiscal year ending March 2026, the consolidated net income is expected to grow by 8.0% to 53 billion yen, marking the third consecutive term of record-high profits. This will be the fifth consecutive term of revenue and the third consecutive term of profit growth.

At the same time, the company increased the annual dividend for the previous term from 64 yen to 75 yen (compared to 64 yen in the prior term), and has decided to continue with a dividend of 75 yen for the current term as well.

In the most recent three-month period, from January to March (4Q), the consolidated net income grew 5.6% from the same period last year, reaching 14 billion yen. The operating profit margin improved from 6.6% in the same period last year to 7.6%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 1,004,914 62,181 60,978 40,137 176.8 60 May 10, 2023 IFRS
Mar, 2024 1,024,540 68,272 66,712 44,360 194.7 64 May 9, 2024 IFRS
Mar, 2025 1,075,929 75,246 73,975 49,074 214.6 75 May 13, 2025 IFRS
YoY +5.0% +10.2% +10.9% +10.6% +10.2%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Guidance 1,100,000 78,000 76,000 50,000 218.4 64 May 9, 2024 IFRS
Mar, 2025 Results 1,075,929 75,246 73,975 49,074 214.6 75 May 13, 2025 IFRS
Revision Rate -2.2% -3.5% -2.7% -1.9% -1.7%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 507,962 31,982 31,217 20,156 88.2 32 Nov 7, 2024 IFRS
Apr - Sep, 2025 Guidance 540,000 36,000 35,000 22,000 96.0 37.50 May 13, 2025 IFRS
YoY +6.3% +12.6% +12.1% +9.1% +8.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 1,024,540 68,272 66,712 44,360 194.7 64 May 9, 2024 IFRS
Mar, 2025 1,075,929 75,246 73,975 49,074 214.6 75 May 13, 2025 IFRS
Mar, 2026 Guidance 1,150,000 84,000 81,000 53,000 231.2 75 May 13, 2025 IFRS
YoY +6.9% +11.6% +9.5% +8.0% +7.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 279,872 18,440 17,422 13,314 58.4 6.6 May 9, 2024 IFRS
Apr - Jun, 2024 245,943 13,939 14,320 9,363 41.0 5.7 Aug 8, 2024 IFRS
Jul - Sep, 2024 262,019 18,043 16,897 10,793 47.2 6.9 Nov 7, 2024 IFRS
Oct - Dec, 2024 276,905 21,222 21,915 14,860 65.0 7.7 Feb 7, 2025 IFRS
Jan - Mar, 2025 291,062 22,042 20,843 14,058 61.5 7.6 May 13, 2025 IFRS
YoY +4.0% +19.5% +19.6% +5.6% +5.2%

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