AMADA CO., LTD., The Current Fiscal Year Net Income Revised Downward to an Unexpected 11% Decrease

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Thu Nov 14, 2024 3:30 pm JST Earnings

6113 AMADA CO., LTD. 【IFRS】

Earnings Report

AMADA CO., LTD. <6113> [TSE-P] announced its financial results (based on IFRS) after the market closed on November 14th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 23.5% from the same period last year to 15.1 billion yen.

In addition, the full-year consolidated net income has downwardly by 12.2%, from the previous forecast of 41 billion yen to 36 billion yen (compared to 40.6 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 11.4% decrease in profit.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to nearly flat at 20.8 billion yen, up 0.04% from the same period last year.

In the most recent three-month period, from July to September (2Q), the consolidated net income decreased to 8.61 billion yen, a 17.1% decrease compared to the same period last year. The operating profit margin decreased from 15.1% in the same period last year to 14.4%.

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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	169,403	23,812	24,326	17,001	48.9	49.0	Nov 10, 2022	IFRS
Apr - Sep, 2023	187,051	27,272	28,430	19,759	57.2	49.0	Nov 9, 2023	IFRS
Apr - Sep, 2024	184,533	23,171	22,040	15,112	45.5	ー	Nov 14, 2024	IFRS
YoY	-1.3%	-15.0%	-22.5%	-23.5%	-20.5%

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	ー	ー	ー	ー	－	31	May 14, 2024	IFRS
Apr - Sep, 2024 Results	184,533	23,171	22,040	15,112	45.5	31	Nov 14, 2024	IFRS
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	415,000	59,000	ー	41,000	126.0	62	May 14, 2024	IFRS
Mar, 2025 New	405,000	53,000	ー	36,000	110.6	62	Nov 14, 2024	IFRS
Revision Rate	-2.4%	-10.2%	－	-12.2%	-12.2%

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	216,449	29,235	29,636	20,879	61.1	35	May 14, 2024	IFRS
Oct - Mar, 2024 Guidance	220,467	29,829	ー	20,888	64.2	31	Nov 14, 2024	IFRS
YoY	+1.9%	+2.0%	－	+0.0%	+5.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	365,687	49,867	49,608	34,158	98.3	48	May 12, 2023	IFRS
Mar, 2024	403,500	56,507	58,066	40,638	119.0	60	May 14, 2024	IFRS
Mar, 2025 Guidance	405,000	53,000	ー	36,000	110.6	62	Nov 14, 2024	IFRS
YoY	+0.4%	-6.2%	－	-11.4%	-7.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	100,529	15,228	15,208	10,394	30.1	15.1	Nov 9, 2023	IFRS
Oct - Dec, 2023	98,166	12,984	12,366	8,252	24.0	13.2	Feb 8, 2024	IFRS
Jan - Mar, 2024	118,283	16,251	17,270	12,627	37.0	13.7	May 14, 2024	IFRS
Apr - Jun, 2024	83,093	8,569	9,277	6,499	19.5	10.3	Aug 8, 2024	IFRS
Jul - Sep, 2024	101,440	14,602	12,763	8,613	25.9	14.4	Nov 14, 2024	IFRS
YoY	+0.9%	-4.1%	-16.1%	-17.1%	-13.8%