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APPLIED TECHNOLOGY CO., LTD, January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 6%, July-September Ordinary Profit Decreases by 27%

Tue Nov 12, 2024 3:30 pm JST Earnings

4356 APPLIED TECHNOLOGY CO.,LTD. 【J-GAAP】

Earnings Report

APPLIED TECHNOLOGY CO., LTD <4356> [TSE-S] announced its financial results after the market closed on November 12th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 6.2% from the same period last year to 728 million yen. The progress rate against the 910 million yen full-year plan was 80.0%, below the five-year average of 82.7%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to December period (4Q) is expected to drop by 33.1% from the same period last year to 182 million yen.

In the most recent three-month period, from July to September (3Q), the ordinary profit decreased to 168 million yen, a 27.0% decrease compared to the same period last year. The operating profit margin significantly dropped from 12.2% in the same period last year to 7.0%.

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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
Jan - Sep, 2022 5,191 735 755 522 91.6 73.4 Nov 11, 2022 J-GAAP
Jan - Sep, 2023 5,429 746 776 528 92.6 74.0 Nov 13, 2023 J-GAAP
Jan - Sep, 2024 5,799 692 728 504 88.3 80.0 Nov 12, 2024 J-GAAP
YoY +6.8% -7.2% -6.2% -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
Jul - Dec, 2023 3,785 451 502 349 61.1 30 Feb 8, 2024 J-GAAP
Jul - Dec, 2024 Guidance 4,006 349 350 241 42.2 30 Aug 14, 2024 J-GAAP
YoY +5.8% -22.6% -30.3% -30.9% -31.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 7,075 956 1,028 736 129.0 30 Feb 8, 2023 J-GAAP
Dec, 2023 7,419 978 1,048 716 125.4 30 Feb 8, 2024 J-GAAP
Dec, 2024 Guidance 7,800 900 910 628 110.0 30 Feb 8, 2024 J-GAAP
YoY +5.1% -8.0% -13.2% -12.3% -12.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,795 219 230 161 28.2 12.2 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 1,990 232 272 188 32.9 11.7 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 2,018 365 369 255 44.8 18.1 May 13, 2024 J-GAAP
Apr - Jun, 2024 1,776 186 191 132 23.2 10.5 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 2,005 141 168 117 20.5 7.0 Nov 12, 2024 J-GAAP
YoY +11.7% -35.6% -27.0% -27.3% -27.4%

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