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A&A Material Corporation, July-September (2Q) Ordinary Profit Decreases by 7%

Wed Nov 6, 2024 3:00 pm JST Earnings

5391 A&A Material Corporation 【J-GAAP】

Earnings Report

A&A Material Corporation <5391> [TSE-S] announced its financial results in the afternoon session on November 6th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 879 million yen, a 1.7% increase compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 10.9% decrease.

However, The progress rate against the 2.45 billion yen full-year plan was 35.9%, also falling below the five-year average of 39.0%.

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 grow by 2.1% from the same period last year, reaching 1.57 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 696 million yen, a 7.2% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 6.8% in the same period last year to 6.7%.

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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 19,258 534 619 330 43.3 42.6 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 19,556 778 864 1,634 213.5 36.0 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 20,246 882 879 533 69.6 35.9 Nov 6, 2024 J-GAAP
YoY +3.5% +13.4% +1.7% -67.4% -67.4%

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 20,000 850 770 350 45.7 30 May 8, 2024 J-GAAP
Apr - Sep, 2024 Results 20,246 882 879 533 69.6 30 Nov 6, 2024 J-GAAP
Revision Rate +1.2% +3.8% +14.2% +52.3% +52.2%

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 21,726 1,540 1,539 1,065 139.1 25 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 22,754 1,618 1,571 767 99.9 30 Nov 6, 2024 J-GAAP
YoY +4.7% +5.1% +2.1% -28.0% -28.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 39,200 1,489 1,453 931 121.8 45 May 9, 2023 J-GAAP
Mar, 2024 41,282 2,318 2,403 2,699 352.5 50 May 8, 2024 J-GAAP
Mar, 2025 Guidance 43,000 2,500 2,450 1,300 169.4 60 May 8, 2024 J-GAAP
YoY +4.2% +7.9% +2.0% -51.8% -51.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 10,596 722 750 545 71.2 6.8 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 10,856 511 493 299 39.1 4.7 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 10,870 1,029 1,046 766 100.0 9.5 May 8, 2024 J-GAAP
Apr - Jun, 2024 9,760 178 183 131 17.2 1.8 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 10,486 704 696 402 52.5 6.7 Nov 6, 2024 J-GAAP
YoY -1.0% -2.5% -7.2% -26.2% -26.3%

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