ASKA CORPORATION, December-August (Third Quarter Cumulative) Ordinary Profit Decreases by 5%, June-Augus Ordinary Profit Decreases by 51%

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Wed Sep 25, 2024 3:00 pm JST Earnings

7227 ASKA CORPORATION 【J-GAAP】

Earnings Report

ASKA CORPORATION <7227> [NSE-M] announced its financial results in the afternoon session on September 25th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending November 2024 (December 2023 to August 2024) decreased by 5.2% from the same period last year to 1.35 billion yen. However, this progress accounts for 87.7% of the full-year plan of 1.55 billion yen, also surpassing the five-year average of 63.9%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the September to November period (4Q) is expected to significant drop by 68.5% from the same period last year to 191 million yen.

In the most recent three-month period, from June to August (3Q), the consolidated ordinary profit significantly dropped to 249 million yen, a 51.3% decrease compared to the same period last year. The operating profit margin worsened from 3.4% in the same period last year to 2.2%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Dec - Aug, 2021	22,659	391	708	572	100.3	54.6	Sep 27, 2022	J-GAAP
Dec - Aug, 2022	32,846	1,205	1,434	902	158.0	70.3	Sep 26, 2023	J-GAAP
Dec - Aug, 2023	33,107	1,233	1,359	1,105	193.7	87.7	Sep 25, 2024	J-GAAP
YoY	+0.8%	+2.3%	-5.2%	+22.5%	+22.6%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2023	23,878	897	1,118	845	148.1	44	Jan 11, 2024	J-GAAP
Jun - Nov, 2024 Guidance	23,087	494	440	329	57.6	26	Jun 26, 2024	J-GAAP
YoY	-3.3%	-44.9%	-60.6%	-61.1%	-61.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2022	33,473	881	1,297	1,068	187.1	38	Jan 12, 2023	J-GAAP
Nov, 2023	45,433	1,722	2,041	1,403	245.9	60	Jan 11, 2024	J-GAAP
Nov, 2024 Guidance	46,000	1,500	1,550	1,250	218.9	44	Mar 26, 2024	J-GAAP
YoY	+1.2%	-12.9%	-24.1%	-10.9%	-11.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	11,291	380	511	344	60.3	3.4	Sep 26, 2023	J-GAAP
Sep - Nov, 2023	12,587	517	607	501	87.8	4.1	Jan 11, 2024	J-GAAP
Dec - Feb, 2023	12,325	567	621	579	101.5	4.6	Mar 26, 2024	J-GAAP
Mar - May, 2024	10,588	439	489	342	59.9	4.1	Jun 26, 2024	J-GAAP
Jun - Aug, 2024	10,194	227	249	184	32.3	2.2	Sep 25, 2024	J-GAAP
YoY	-9.7%	-40.3%	-51.3%	-46.5%	-46.5%