kabutan

ASAHI RUBBER INC., First Half Net Income Turns to Loss, July-September Net Income Turns to Loss

Fri Nov 8, 2024 3:30 pm JST Earnings

5162 ASAHI RUBBER INC. 【J-GAAP】

Earnings Report

ASAHI RUBBER INC. <5162> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 86 million yen (compared to a profit of 55 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to grow by 23.1% from the same period last year, reaching 96 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a loss of 90 million yen (compared to a profit of 49 million yen in the same period last year). The operating profit/loss margin drastically worsened from 0.8% in the same period last year to -3.2%.

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 3,578 135 143 112 24.9 73.7 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 3,359 11 35 55 12.2 17.9 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 3,694 -48 -57 -86 -18.9 ー Nov 8, 2024 J-GAAP
YoY +10.0% － － － －

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 3,694 -48 -57 -86 -18.9 10 Oct 30, 2024 J-GAAP
Apr - Sep, 2024 Results 3,694 -48 -57 -86 -18.9 10 Nov 8, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% -0.2%

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 3,821 145 160 78 17.2 10 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,669 84 85 96 21.0 10 Oct 30, 2024 J-GAAP
YoY -4.0% -42.1% -46.9% +23.1% +22.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 7,205 185 194 203 44.8 20 May 11, 2023 J-GAAP
Mar, 2024 7,180 156 195 133 29.4 20 May 14, 2024 J-GAAP
Mar, 2025 Guidance 7,363 36 28 10 2.2 20 Oct 30, 2024 J-GAAP
YoY +2.5% -76.9% -85.6% -92.5% -92.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,694 13 24 49 10.8 0.8 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 1,891 103 99 72 15.9 5.4 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 1,930 42 61 6 1.3 2.2 May 14, 2024 J-GAAP
Apr - Jun, 2024 1,838 12 14 4 1.0 0.7 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 1,856 -60 -71 -90 -19.8 -3.2 Nov 8, 2024 J-GAAP
YoY +9.6% － － － －

Related Articles