kabutan

Azbil Corporation, The Current Fiscal Year Ordinary Profit Revised Upward by 3%, Adds to Record High Profit Forecast

Fri Nov 8, 2024 3:30 pm JST Earnings

6845 Azbil Corporation 【J-GAAP】

Earnings Report

Azbil Corporation <6845> [TSE-P] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 14.6 billion yen, a 2.5% increase compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 17.6% decrease.

In addition, the full-year consolidated ordinary profit has been revised upward by 2.6%, from the previous forecast of 39 billion yen to 40 billion yen (compared to 38.9 billion yen in the previous period), increasing the growth rate from 0.003% to 2.6%, further surpassing the previous forecast of record-high profits for four consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 2.6% from the same period last year, reaching 25.3 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 7.77 billion yen, a 9.9% decrease compared to the same period last year. However, the operating profit margin rose from 11.8% in the same period last year to 12.0%.

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 121,006 8,181 9,836 6,050 11.2 30.6 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 131,885 12,980 14,314 11,937 22.5 36.7 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 139,252 14,640 14,667 10,944 20.7 36.7 Nov 8, 2024 J-GAAP
YoY +5.6% +12.8% +2.5% -8.3% -7.7%

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 134,000 11,600 11,800 9,000 17.1 11 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 139,252 14,640 14,667 10,944 20.7 11 Nov 8, 2024 J-GAAP
Revision Rate +3.9% +26.2% +24.3% +21.6% +21.6%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 300,000 39,000 39,000 37,000 71.6 22 Oct 15, 2024 J-GAAP
Mar, 2025 New 301,000 40,200 40,000 38,000 73.6 22 Nov 8, 2024 J-GAAP
Revision Rate +0.3% +3.1% +2.6% +2.7% +2.7%

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 159,053 23,861 24,685 18,270 34.5 9.87 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 161,748 25,560 25,333 27,056 52.4 11 Nov 8, 2024 J-GAAP
YoY +1.7% +7.1% +2.6% +48.1% +51.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 278,406 31,251 32,140 22,602 42.1 16.50 May 12, 2023 J-GAAP
Mar, 2024 290,938 36,841 38,999 30,207 57.1 19 May 13, 2024 J-GAAP
Mar, 2025 Guidance 301,000 40,200 40,000 38,000 73.6 22 Nov 8, 2024 J-GAAP
YoY +3.5% +9.1% +2.6% +25.8% +28.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 70,680 8,331 8,631 8,227 15.5 11.8 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 73,468 10,230 10,200 7,234 13.7 13.9 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 85,585 13,631 14,485 11,036 20.9 15.9 May 13, 2024 J-GAAP
Apr - Jun, 2024 65,547 5,782 6,891 4,880 9.3 8.8 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 73,705 8,858 7,776 6,064 11.5 12.0 Nov 8, 2024 J-GAAP
YoY +4.3% +6.3% -9.9% -26.3% -25.8%

Related Articles