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ASAHI YUKIZAI CORPORATION, First Half Ordinary Profit Decreases by 32%, July-September Ordinary Profit Decreases by 34%

Thu Oct 31, 2024 4:00 pm JST Earnings

4216 ASAHI YUKIZAI CORPORATION 【J-GAAP】

Earnings Report

ASAHI YUKIZAI CORPORATION <4216> [TSE-P] announced its financial results after the market closed on October 31st (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 32.2% from the same period last year to 5.8 billion yen. The progress rate against the 12.1 billion yen full-year plan was 48.0%, which was higher than the five-year average of 39.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 16.3% from the same period last year to 6.29 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 2.79 billion yen, a 33.6% decrease compared to the same period last year. The operating profit margin decreased from 18.5% in the same period last year to 14.3%.

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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
Apr - Sep, 2022 35,938 5,339 5,839 3,813 199.1 48.1 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 43,844 8,291 8,560 5,471 285.6 53.2 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 41,730 5,887 5,806 3,815 200.7 48.0 Oct 31, 2024 J-GAAP
YoY -4.8% -29.0% -32.2% -30.3% -29.7%

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 42,000 5,500 5,600 3,900 205.2 55 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 41,730 5,887 5,806 3,815 200.7 55 Oct 31, 2024 J-GAAP
Revision Rate -0.6% +7.0% +3.7% -2.2% -2.2%

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 43,582 7,285 7,516 5,911 308.7 50 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 45,270 6,113 6,294 4,685 249.4 55 Oct 31, 2024 J-GAAP
YoY +3.9% -16.1% -16.3% -20.7% -19.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 77,099 11,947 12,140 9,425 492.0 70 May 15, 2023 J-GAAP
Mar, 2024 87,426 15,576 16,076 11,382 594.3 100 May 15, 2024 J-GAAP
Mar, 2025 Guidance 87,000 12,000 12,100 8,500 452.5 110 May 15, 2024 J-GAAP
YoY -0.5% -23.0% -24.7% -25.3% -23.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 22,807 4,217 4,207 2,706 141.2 18.5 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 22,252 4,164 4,189 2,704 141.1 18.7 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 21,330 3,121 3,327 3,207 167.5 14.6 May 15, 2024 J-GAAP
Apr - Jun, 2024 20,229 2,803 3,012 1,812 95.4 13.9 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 21,501 3,084 2,794 2,003 105.4 14.3 Oct 31, 2024 J-GAAP
YoY -5.7% -26.9% -33.6% -26.0% -25.4%

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