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AIRTECH JAPAN,LTD., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 29%, July-September Ordinary Profit Increases by 21%

Wed Nov 13, 2024 3:40 pm JST Earnings

6291 AIRTECH JAPAN,LTD. 【J-GAAP】

Earnings Report

AIRTECH JAPAN,LTD. <6291> [TSE-S] announced its financial results after the market closed on November 13th (15:40). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 28.7% from the same period last year, reaching 1.25 billion yen. The progress rate against the 1.31 billion yen full-year plan was 95.9%, also surpassing the five-year average of 84.2%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to December period (4Q) is expected to expand by 58.8% from the same period last year, reaching 54 million yen.

In the most recent three-month period, from July to September (3Q), the ordinary profit grew by 21.1% from the same period last year, reaching 212 million yen. The operating profit margin significantly improved from 4.8% in the same period last year to 7.8%.

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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 9,653 840 1,146 844 82.3 82.1 Nov 14, 2022 J-GAAP
Jan - Sep, 2023 10,524 665 976 701 67.9 96.6 Nov 14, 2023 J-GAAP
Jan - Sep, 2024 9,854 849 1,256 900 86.7 95.9 Nov 13, 2024 J-GAAP
YoY -6.4% +27.7% +28.7% +28.4% +27.5%

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 6,436 201 209 159 15.4 60 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 6,742 324 266 193 19.1 50 Aug 14, 2024 J-GAAP
YoY +4.8% +61.2% +27.3% +21.4% +23.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 13,172 1,105 1,396 1,017 99.1 60 Feb 14, 2023 J-GAAP
Dec, 2023 13,646 707 1,010 731 70.9 60 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 13,500 930 1,310 940 92.9 50 Aug 8, 2024 J-GAAP
YoY -1.1% +31.5% +29.7% +28.6% +31.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,314 159 175 129 12.5 4.8 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 3,122 42 34 30 2.9 1.3 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 3,475 359 386 270 26.1 10.3 May 15, 2024 J-GAAP
Apr - Jun, 2024 3,283 247 658 477 46.0 7.5 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 3,096 243 212 153 14.7 7.8 Nov 13, 2024 J-GAAP
YoY -6.6% +52.8% +21.1% +18.6% +17.8%

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