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ANEST IWATA Corporation, First Half Ordinary Profit Decreases by 12%, July-September Ordinary Profit Decreases by 10%

Mon Nov 11, 2024 3:30 pm JST Earnings

6381 ANEST IWATA Corporation 【J-GAAP】

Earnings Report

ANEST IWATA Corporation <6381> [TSE-P] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 12.4% from the same period last year to 3.46 billion yen. The progress rate against the 7.8 billion yen full-year plan was 44.4%, almost the same as the five-year average of 47.2%.

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 7.5% from the same period last year, reaching 4.33 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.75 billion yen, a 9.8% decrease compared to the same period last year. However, the operating profit margin rose from 11.6% in the same period last year to 13.3%.

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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 22,613 2,340 3,098 1,973 48.8 44.0 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 25,898 2,866 3,951 2,623 64.8 49.5 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 27,060 2,962 3,462 2,194 55.4 44.4 Nov 11, 2024 J-GAAP
YoY +4.5% +3.3% -12.4% -16.4% -14.6%

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 28,800 3,120 3,630 2,270 57.3 22 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 27,060 2,962 3,462 2,194 55.4 22 Nov 11, 2024 J-GAAP
Revision Rate -6.0% -5.1% -4.6% -3.3% -3.4%

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 27,527 3,310 4,035 2,308 57.2 27 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 30,940 3,838 4,338 2,756 70.1 28 Nov 11, 2024 J-GAAP
YoY +12.4% +16.0% +7.5% +19.4% +22.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 48,515 5,838 7,043 4,381 108.3 38 May 9, 2023 J-GAAP
Mar, 2024 53,425 6,176 7,986 4,931 122.1 49 May 9, 2024 J-GAAP
Mar, 2025 Guidance 58,000 6,800 7,800 4,950 125.9 50 May 9, 2024 J-GAAP
YoY +8.6% +10.1% -2.3% +0.4% +3.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 13,723 1,597 1,950 1,247 30.8 11.6 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 13,072 1,628 1,905 1,012 25.0 12.5 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 14,455 1,682 2,130 1,296 32.1 11.6 May 9, 2024 J-GAAP
Apr - Jun, 2024 12,484 1,017 1,704 1,052 26.5 8.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 14,576 1,945 1,758 1,142 28.8 13.3 Nov 11, 2024 J-GAAP
YoY +6.2% +21.8% -9.8% -8.4% -6.5%

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