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ALBIS Co.,Ltd., First Half Ordinary Profit Decreases by 25%, July-September Ordinary Profit Decreases by 44%

Thu Oct 31, 2024 2:30 pm JST Earnings

7475 ALBIS Co.,Ltd. 【J-GAAP】

Earnings Report

ALBIS Co.,Ltd. <7475> [TSE-P] announced its financial results in the afternoon session on October 31st (14:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 25.0% from the same period last year to 1.06 billion yen. The progress rate against the 2.7 billion yen full-year plan was 39.3%, also falling below the five-year average of 51.0%.

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 expand by 30.5% from the same period last year, reaching 1.63 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 432 million yen, a 43.7% decrease compared to the same period last year. The operating profit margin worsened from 2.6% in the same period last year to 1.3%.

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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 47,038 1,087 1,342 894 102.3 54.7 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 48,477 1,137 1,415 906 104.6 53.0 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 48,365 802 1,061 683 79.0 39.3 Oct 31, 2024 J-GAAP
YoY -0.2% -29.5% -25.0% -24.6% -24.5%

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 48,365 802 1,061 683 78.9 35 Oct 25, 2024 J-GAAP
Apr - Sep, 2024 Results 48,365 802 1,061 683 79.0 35 Oct 31, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +0.0%

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 49,321 1,005 1,256 639 73.8 35 Apr 30, 2024 J-GAAP
Oct - Mar, 2024 Guidance 51,064 1,404 1,639 1,021 118.2 35 Oct 25, 2024 J-GAAP
YoY +3.5% +39.7% +30.5% +59.8% +60.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 94,593 1,938 2,455 1,684 192.5 70 Apr 28, 2023 J-GAAP
Mar, 2024 97,798 2,142 2,671 1,545 178.5 70 Apr 30, 2024 J-GAAP
Mar, 2025 Guidance 99,429 2,206 2,700 1,704 197.2 70 Apr 30, 2024 J-GAAP
YoY +1.7% +3.0% +1.1% +10.3% +10.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 24,637 652 767 485 56.0 2.6 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 25,334 701 852 560 64.7 2.8 Jan 30, 2024 J-GAAP
Jan - Mar, 2024 23,987 304 404 79 9.1 1.3 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 24,068 477 629 410 47.5 2.0 Jul 30, 2024 J-GAAP
Jul - Sep, 2024 24,297 325 432 273 31.6 1.3 Oct 31, 2024 J-GAAP
YoY -1.4% -50.2% -43.7% -43.7% -43.6%

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