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ALMEDIO INC., First Half Ordinary Profit Decreases by 41%

Fri Nov 1, 2024 3:00 pm JST Earnings

7859 ALMEDIO INC. 【J-GAAP】

Earnings Report

ALMEDIO INC. <7859> [TSE-S] announced its financial results after the market closed on November 1st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 41.0% from the same period last year to 624 million yen. The progress rate against the 1.17 billion yen full-year plan was 53.0%, also surpassing the five-year average of 40.3%.

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 significant drop by 76.8% from the same period last year to 553 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 35 million yen, a 96.0% decrease compared to the same period last year. The operating profit margin sharply declined from 33.4% in the same period last year to 6.5%.

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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 2,723 364 407 262 15.1 71.5 Nov 2, 2022 J-GAAP
Apr - Sep, 2023 3,840 997 1,058 716 38.6 30.7 Nov 2, 2023 J-GAAP
Apr - Sep, 2024 3,294 629 624 361 17.5 53.0 Nov 1, 2024 J-GAAP
YoY -14.2% -36.9% -41.0% -49.6% -54.8%

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 ー ー ー ー － 0 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 3,294 629 624 361 17.5 0 Nov 1, 2024 J-GAAP
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 7,717 2,367 2,385 1,612 85.5 0 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,903 555 553 430 21.5 0 Nov 1, 2024 J-GAAP
YoY -49.4% -76.6% -76.8% -73.3% -74.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 4,940 535 569 164 9.2 0 May 12, 2023 J-GAAP
Mar, 2024 11,557 3,364 3,443 2,328 123.4 0 May 14, 2024 J-GAAP
Mar, 2025 Guidance 7,197 1,184 1,177 791 39.5 0 May 14, 2024 J-GAAP
YoY -37.7% -64.8% -65.8% -66.0% -68.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,556 853 866 597 32.2 33.4 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 4,534 1,475 1,447 1,113 59.9 32.5 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 3,183 892 938 499 26.5 28.0 May 14, 2024 J-GAAP
Apr - Jun, 2024 2,007 545 589 428 20.7 27.2 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 1,287 84 35 -67 -3.2 6.5 Nov 1, 2024 J-GAAP
YoY -49.6% -90.2% -96.0% － －

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