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Altech Corporation, January-September (Third Quarter Cumulative) Ordinary Profit Increases by 3%

Tue Nov 12, 2024 3:30 pm JST Earnings

4641 Altech Corporation 【J-GAAP】

Earnings Report

Altech Corporation <4641> [TSE-P] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 3.3% from the same period last year, reaching 3.71 billion yen. However, The progress rate against the 5.3 billion yen full-year plan was 70.1%, also falling below the five-year average of 72.4%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to grow by 8.8% from the same period last year, reaching 1.58 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit grew by 6.6% from the same period last year, reaching 1.2 billion yen. However, the operating profit margin decreased from 10.2% in the same period last year to 9.5%.

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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 32,105 3,514 3,487 2,402 119.1 76.5 Nov 10, 2022 J-GAAP
Jan - Sep, 2023 34,186 3,542 3,597 2,537 126.9 71.2 Nov 8, 2023 J-GAAP
Jan - Sep, 2024 35,954 3,586 3,716 2,362 118.9 70.1 Nov 12, 2024 J-GAAP
YoY +5.2% +1.2% +3.3% -6.9% -6.4%

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 23,396 2,602 2,583 1,882 94.3 51 Feb 13, 2024 J-GAAP
Jul - Dec, 2024 Guidance 25,402 2,743 2,785 1,897 95.4 44 Aug 8, 2024 J-GAAP
YoY +8.6% +5.4% +7.8% +0.8% +1.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 43,647 4,649 4,560 3,416 169.5 85 Feb 9, 2023 J-GAAP
Dec, 2023 46,216 4,982 5,053 3,696 185.2 103 Feb 13, 2024 J-GAAP
Dec, 2024 Guidance 49,500 5,200 5,300 3,500 176.1 88 Feb 13, 2024 J-GAAP
YoY +7.1% +4.4% +4.9% -5.3% -4.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 11,366 1,162 1,127 723 36.2 10.2 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 12,030 1,440 1,456 1,159 58.1 12.0 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 11,840 1,305 1,330 854 43.0 11.0 May 13, 2024 J-GAAP
Apr - Jun, 2024 12,258 1,152 1,185 749 37.7 9.4 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 11,856 1,129 1,201 759 38.2 9.5 Nov 12, 2024 J-GAAP
YoY +4.3% -2.8% +6.6% +5.0% +5.6%

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