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AIPHONE CO.,LTD, First Half Ordinary Profit Decreases by 41%, July-September Ordinary Profit Decreases by 86%

Tue Nov 5, 2024 1:40 pm JST Earnings

6718 AIPHONE CO.,LTD 【J-GAAP】

Earnings Report

AIPHONE CO.,LTD <6718> [TSE-P] announced its financial results in the afternoon session on November 5th (13:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 40.9% from the same period last year to 2.07 billion yen. The progress rate against the 5 billion yen full-year plan was 41.4%, also falling below the five-year average of 52.2%.

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 11.6% from the same period last year, reaching 2.93 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 233 million yen, a 86.1% decrease compared to the same period last year. The operating profit margin drastically worsened from 9.5% in the same period last year to 3.4%.

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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 23,863 1,324 1,685 1,258 77.1 40.4 Nov 1, 2022 J-GAAP
Apr - Sep, 2023 30,151 3,020 3,504 2,639 161.4 57.2 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 30,977 2,117 2,070 1,694 103.6 41.4 Nov 5, 2024 J-GAAP
YoY +2.7% -29.9% -40.9% -35.8% -35.8%

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 29,500 2,000 2,100 1,500 91.7 50 May 8, 2024 J-GAAP
Apr - Sep, 2024 Results 30,977 2,117 2,070 1,694 103.6 50 Nov 5, 2024 J-GAAP
Revision Rate +5.0% +5.9% -1.4% +12.9% +13.0%

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 31,183 2,248 2,626 2,006 122.6 80 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 31,323 2,383 2,930 1,906 116.5 80 Nov 5, 2024 J-GAAP
YoY +0.4% +6.0% +11.6% -5.0% -5.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 52,811 3,758 4,167 2,929 179.3 80 May 9, 2023 J-GAAP
Mar, 2024 61,334 5,268 6,130 4,645 284.0 130 May 8, 2024 J-GAAP
Mar, 2025 Guidance 62,300 4,500 5,000 3,600 220.0 130 May 8, 2024 J-GAAP
YoY +1.6% -14.6% -18.4% -22.5% -22.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 16,133 1,539 1,674 1,128 69.0 9.5 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 14,756 977 1,010 636 38.9 6.6 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 16,427 1,271 1,616 1,370 83.8 7.7 May 8, 2024 J-GAAP
Apr - Jun, 2024 15,887 1,599 1,837 1,317 80.5 10.1 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 15,090 518 233 377 23.1 3.4 Nov 5, 2024 J-GAAP
YoY -6.5% -66.3% -86.1% -66.6% -66.6%

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