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AIFUL CORPORATION, First Half Ordinary Profit Increases by 35%

Fri Nov 8, 2024 11:30 am JST Earnings

8515 AIFUL CORPORATION 【J-GAAP】

Earnings Report

AIFUL CORPORATION <8515> [TSE-P] announced its financial results at noon (11:30) on November 8th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 9.72 billion yen, an increase of 34.9% compared to the same period last year. However, The progress rate against the 24 billion yen full-year plan was 40.5%, also falling below the five-year average of 101.4%.

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 decrease by 3.9% from the same period last year to 14.2 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 53.3% from the same period last year, reaching 5.82 billion yen. The operating profit margin improved from 8.6% in the same period last year to 11.3%.

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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 70,402 12,150 12,642 11,772 24.3 51.8 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 79,092 6,594 7,205 6,609 13.7 32.7 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 91,273 9,036 9,721 7,188 14.9 40.5 Nov 8, 2024 J-GAAP
YoY +15.4% +37.0% +34.9% +8.8% +9.4%

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 87,900 8,900 8,800 7,900 16.5 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 91,273 9,036 9,721 7,188 14.9 0 Nov 8, 2024 J-GAAP
Revision Rate +3.8% +1.5% +10.5% -9.0% -9.5%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 180,200 23,800 24,000 21,600 45.1 1 May 10, 2024 J-GAAP
Mar, 2025 New 188,500 23,800 24,000 21,600 45.1 1 Nov 8, 2024 J-GAAP
Revision Rate +4.6% 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 84,017 14,470 14,862 15,209 31.4 1 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 97,227 14,764 14,279 14,412 30.1 1 Nov 8, 2024 J-GAAP
YoY +15.7% +2.0% -3.9% -5.2% -4.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 144,152 23,724 24,428 22,343 46.2 1 May 11, 2023 J-GAAP
Mar, 2024 163,109 21,064 22,067 21,818 45.1 1 May 10, 2024 J-GAAP
Mar, 2025 Guidance 188,500 23,800 24,000 21,600 45.1 1 Nov 8, 2024 J-GAAP
YoY +15.6% +13.0% +8.8% -1.0% +0.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 40,427 3,486 3,797 3,641 7.5 8.6 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 42,426 8,792 8,983 7,815 16.2 20.7 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 41,591 5,678 5,879 7,394 15.3 13.7 May 10, 2024 J-GAAP
Apr - Jun, 2024 44,629 3,771 3,901 3,722 7.7 8.4 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 46,644 5,265 5,820 3,466 7.2 11.3 Nov 8, 2024 J-GAAP
YoY +15.4% +51.0% +53.3% -4.8% -4.4%

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