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ACOM CO.,LTD., First Half Ordinary Profit Unexpectedly Revised Upward by 9%

Mon Nov 11, 2024 3:30 pm JST Earnings

8572 ACOM CO.,LTD. 【J-GAAP】

Earnings Report

ACOM CO.,LTD. <8572> [TSE-S] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 8.7% from the same period last year, reaching 48.2 billion yen, resulting in an increase in profits compared to the previous forecast of a 3.8% decrease.

However, The progress rate against the 87.5 billion yen full-year plan was 55.1%, it was below the five-year average of 73.4%.

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 decrease by 7.3% from the same period last year to 39.2 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 17.2% from the same period last year, reaching 26.1 billion yen. The operating profit margin rose from 30.4% in the same period last year to 33.0%.

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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 135,068 48,798 48,846 33,016 21.1 55.8 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 144,299 44,218 44,382 27,287 17.4 51.2 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 156,299 48,022 48,239 29,859 19.1 55.1 Nov 11, 2024 J-GAAP
YoY +8.3% +8.6% +8.7% +9.4% +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 153,900 42,500 42,700 25,800 16.5 7 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 156,299 48,022 48,239 29,859 19.1 7 Nov 11, 2024 J-GAAP
Revision Rate +1.6% +13.0% +13.0% +15.7% +15.7%

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 150,431 42,129 42,333 25,804 16.5 6 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 157,201 39,078 39,261 25,741 16.4 7 Nov 11, 2024 J-GAAP
YoY +4.5% -7.2% -7.3% -0.2% -0.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 273,793 87,287 87,485 54,926 35.1 10 May 11, 2023 J-GAAP
Mar, 2024 294,730 86,347 86,715 53,091 33.9 12 May 13, 2024 J-GAAP
Mar, 2025 Guidance 313,500 87,100 87,500 55,600 35.5 14 May 13, 2024 J-GAAP
YoY +6.4% +0.9% +0.9% +4.7% +4.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 73,373 22,291 22,300 13,511 8.6 30.4 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 74,687 22,649 22,631 14,430 9.2 30.3 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 75,744 19,480 19,702 11,374 7.3 25.7 May 13, 2024 J-GAAP
Apr - Jun, 2024 77,236 21,958 22,097 13,632 8.7 28.4 Jul 29, 2024 J-GAAP
Jul - Sep, 2024 79,063 26,064 26,142 16,227 10.4 33.0 Nov 11, 2024 J-GAAP
YoY +7.8% +16.9% +17.2% +20.1% +20.0%

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