kabutan

AICHI CORPORATION, First Half Ordinary Profit Increases by 9%

Fri Oct 25, 2024 3:40 pm JST Earnings

6345 AICHI CORPORATION 【J-GAAP】

Earnings Report

AICHI CORPORATION <6345> [TSE-P] announced its financial results after the market closed on October 25th (15:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 8.8% from the same period last year, reaching 3.12 billion yen. However, The progress rate against the 7.6 billion yen full-year plan was 41.1%, almost the same as the five-year average of 43.1%.

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 7.9% from the same period last year, reaching 4.47 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 1.93 billion yen, an increase of 0.1% compared to the same period last year. The operating profit margin rose from 11.5% in the same period last year to 11.6%.

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 27,092 2,453 2,911 2,078 27.6 36.3 Oct 26, 2022 J-GAAP
Apr - Sep, 2023 26,395 2,543 2,873 2,045 27.2 40.9 Oct 27, 2023 J-GAAP
Apr - Sep, 2024 28,079 2,757 3,126 2,218 29.8 41.1 Oct 25, 2024 J-GAAP
YoY +6.4% +8.4% +8.8% +8.5% +9.4%

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 ー ー ー ー － 20 Apr 23, 2024 J-GAAP
Apr - Sep, 2024 Results 28,079 2,757 3,126 2,218 29.8 20 Oct 25, 2024 J-GAAP
Revision Rate － － － － －

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 26,734 3,798 4,145 3,225 43.0 21 Apr 23, 2024 J-GAAP
Oct - Mar, 2024 Guidance 29,921 4,343 4,474 3,382 45.4 20 Oct 25, 2024 J-GAAP
YoY +11.9% +14.3% +7.9% +4.9% +5.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 60,678 7,351 8,016 5,958 79.2 36 Apr 25, 2023 J-GAAP
Mar, 2024 53,129 6,341 7,018 5,270 70.3 40 Apr 23, 2024 J-GAAP
Mar, 2025 Guidance 58,000 7,100 7,600 5,600 75.1 40 Apr 23, 2024 J-GAAP
YoY +9.2% +12.0% +8.3% +6.3% +6.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 15,789 1,815 1,937 1,381 18.4 11.5 Oct 27, 2023 J-GAAP
Oct - Dec, 2023 12,333 1,565 1,792 1,361 18.1 12.7 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 14,401 2,233 2,353 1,864 24.9 15.5 Apr 23, 2024 J-GAAP
Apr - Jun, 2024 12,746 985 1,188 831 11.2 7.7 Jul 26, 2024 J-GAAP
Jul - Sep, 2024 15,333 1,772 1,938 1,387 18.6 11.6 Oct 25, 2024 J-GAAP
YoY -2.9% -2.4% +0.1% +0.4% +1.3%

Related Articles