ADEKA CORPORATION, The Current Fiscal Year Ordinary Profit Revised Upward by 2%, Adds to Record High Profit Forecast, Dividend Revised Upward by 7 yen

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Tue Nov 12, 2024 1:00 pm JST Earnings

4401 ADEKA CORPORATION 【J-GAAP】

Earnings Report

ADEKA CORPORATION <4401> [TSE-P] announced its financial results in the afternoon session on November 12th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 8.6% from the same period last year, reaching 16.8 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 2.1%, from the previous forecast of 38.4 billion yen to 39.2 billion yen (compared to 35.7 billion yen in the previous period), increasing the growth rate from 7.4% to 9.6%, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 10.4% from the same period last year, reaching 22.3 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 90 yen to 97 yen (compared to 90 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 7.13 billion yen, a 3.3% decrease compared to the same period last year. However, the operating profit margin improved from 7.9% in the same period last year to 9.9%.

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	196,479	15,112	16,431	9,980	97.0	50.4	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	187,660	14,798	15,531	10,550	103.2	43.4	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	195,075	18,296	16,866	11,485	112.6	43.0	Nov 12, 2024	J-GAAP
YoY	+4.0%	+23.6%	+8.6%	+8.9%	+9.1%

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	197,000	17,000	16,900	11,700	115.0	45	Aug 9, 2024	J-GAAP
Apr - Sep, 2024 Results	195,075	18,296	16,866	11,485	112.6	48	Nov 12, 2024	J-GAAP
Revision Rate	-1.0%	+7.6%	-0.2%	-1.8%	-2.2%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	426,000	39,200	38,400	24,200	237.9	90	Aug 9, 2024	J-GAAP
Mar, 2025 New	426,000	41,100	39,200	24,500	240.8	97	Nov 12, 2024	J-GAAP
Revision Rate	0.0%	+4.8%	+2.1%	+1.2%	+1.2%

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	212,110	20,630	20,232	12,427	121.6	50	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	230,925	22,804	22,334	13,015	127.9	49	Nov 12, 2024	J-GAAP
YoY	+8.9%	+10.5%	+10.4%	+4.7%	+5.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	403,343	32,369	32,579	16,778	163.3	70	May 12, 2023	J-GAAP
Mar, 2024	399,770	35,428	35,763	22,977	224.9	90	May 14, 2024	J-GAAP
Mar, 2025 Guidance	426,000	41,100	39,200	24,500	240.8	97	Nov 12, 2024	J-GAAP
YoY	+6.6%	+16.0%	+9.6%	+6.6%	+7.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	93,064	7,376	7,381	5,430	53.1	7.9	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	98,831	9,248	9,049	5,905	57.8	9.4	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	113,279	11,382	11,183	6,522	63.8	10.0	May 14, 2024	J-GAAP
Apr - Jun, 2024	98,160	8,688	9,731	6,821	66.8	8.9	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	96,915	9,608	7,135	4,664	45.7	9.9	Nov 12, 2024	J-GAAP
YoY	+4.1%	+30.3%	-3.3%	-14.1%	-13.9%