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ANRITSU CORPORATION, First Half Net Income Decreases by 20%, July-September Net Income Decreases by 40%

Wed Oct 30, 2024 3:00 pm JST Earnings

6754 ANRITSU CORPORATION 【IFRS】

Earnings Report

ANRITSU CORPORATION <6754> [TSE-P] announced its financial results (based on IFRS) after the market closed on October 30th (15:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 19.8% from the same period last year to 2.23 billion yen. The progress rate against the 8.3 billion yen full-year plan was 27.0%, also falling below the five-year average of 42.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to grow by 24.1% from the same period last year, reaching 6.06 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income dropped to 1.52 billion yen, a 40.1% decrease compared to the same period last year. The operating profit margin decreased from 10.6% in the same period last year to 10.5%.

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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 53,963 5,412 6,770 5,100 38.3 54.4 Oct 28, 2022 IFRS
Apr - Sep, 2023 50,895 2,934 3,603 2,789 21.2 36.2 Oct 30, 2023 IFRS
Apr - Sep, 2024 53,309 3,576 3,381 2,237 17.0 30.7 Oct 30, 2024 IFRS
YoY +4.7% +21.9% -6.2% -19.8% -19.9%

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 25, 2024 IFRS
Apr - Sep, 2024 Results 53,309 3,576 3,381 2,237 17.0 20 Oct 30, 2024 IFRS
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 59,057 6,049 6,348 4,886 37.1 20 Apr 25, 2024 IFRS
Oct - Mar, 2024 Guidance 61,691 7,424 7,619 6,063 46.4 20 Oct 30, 2024 IFRS
YoY +4.5% +22.7% +20.0% +24.1% +25.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 110,919 11,746 12,438 9,272 70.0 40 Apr 28, 2023 IFRS
Mar, 2024 109,952 8,983 9,951 7,675 58.3 40 Apr 25, 2024 IFRS
Mar, 2025 Guidance 115,000 11,000 11,000 8,300 63.6 40 Apr 25, 2024 IFRS
YoY +4.6% +22.5% +10.5% +8.1% +9.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 28,153 2,991 3,176 2,539 19.3 10.6 Oct 30, 2023 IFRS
Oct - Dec, 2023 26,886 2,225 2,033 1,135 8.6 8.3 Jan 30, 2024 IFRS
Jan - Mar, 2024 32,171 3,824 4,315 3,751 28.5 11.9 Apr 25, 2024 IFRS
Apr - Jun, 2024 25,229 622 1,254 716 5.4 2.5 Jul 31, 2024 IFRS
Jul - Sep, 2024 28,080 2,954 2,127 1,521 11.6 10.5 Oct 30, 2024 IFRS
YoY -0.3% -1.2% -33.0% -40.1% -40.1%

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