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Akatsuki Corp., First Half Ordinary Profit Decreases by 21%

Thu Nov 14, 2024 3:30 pm JST Earnings

8737 Akatsuki Corp. 【J-GAAP】

Earnings Report

Akatsuki Corp. <8737> [TSE-S] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 20.6% from the same period last year to 1.47 billion yen. The progress rate against the 4.2 billion yen full-year plan was 35.0%, also falling below the five-year average of 38.9%.

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 39.1% from the same period last year, reaching 2.73 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 8.1% from the same period last year, reaching 744 million yen. However, the operating profit margin worsened from 5.9% in the same period last year to 5.5%.

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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 16,044 337 264 156 5.1 18.1 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 21,392 1,511 1,851 1,242 40.4 48.5 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 25,730 1,491 1,470 990 32.5 35.0 Nov 14, 2024 J-GAAP
YoY +20.3% -1.3% -20.6% -20.3% -19.5%

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 ー ー ー ー － 11 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 25,730 1,491 1,470 990 32.5 11 Nov 14, 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 25,289 1,908 1,962 1,296 42.3 11.50 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 26,270 2,609 2,730 1,610 53.2 11 Nov 14, 2024 J-GAAP
YoY +3.9% +36.7% +39.1% +24.2% +25.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 39,336 1,803 1,457 780 25.4 19 May 15, 2023 J-GAAP
Mar, 2024 46,681 3,419 3,813 2,538 82.8 21 May 15, 2024 J-GAAP
Mar, 2025 Guidance 52,000 4,100 4,200 2,600 85.9 22 May 15, 2024 J-GAAP
YoY +11.4% +19.9% +10.1% +2.4% +3.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 11,218 664 688 477 15.5 5.9 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 12,959 977 1,022 657 21.4 7.5 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 12,330 931 940 639 20.9 7.6 May 15, 2024 J-GAAP
Apr - Jun, 2024 12,225 843 726 502 16.5 6.9 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 13,505 648 744 488 16.0 4.8 Nov 14, 2024 J-GAAP
YoY +20.4% -2.4% +8.1% +2.3% +3.3%

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