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AIRPORT FACILITIES Co.,LTD., First Half Ordinary Profit Increases by 36%, July-September Ordinary Profit Increases by 61%

Thu Oct 31, 2024 3:00 pm JST Earnings

8864 AIRPORT FACILITIES Co.,LTD. 【J-GAAP】

Earnings Report

AIRPORT FACILITIES Co.,LTD. <8864> [TSE-P] announced its financial results after the market closed on October 31st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 2.64 billion yen, an increase of 36.2% compared to the same period last year. The progress rate against the 3.2 billion yen full-year plan was 82.5%, also surpassing the five-year average of 66.2%.

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 54.5% from the same period last year to 561 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 61.0% from the same period last year, reaching 1.37 billion yen. The operating profit margin jumped from 12.1% in the same period last year to 17.5%.

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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 12,715 1,807 1,699 1,297 26.0 80.1 Oct 27, 2022 J-GAAP
Apr - Sep, 2023 13,114 1,926 1,941 1,241 24.8 61.1 Oct 26, 2023 J-GAAP
Apr - Sep, 2024 14,093 2,527 2,644 1,748 34.8 82.5 Oct 31, 2024 J-GAAP
YoY +7.5% +31.2% +36.2% +40.9% +40.5%

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 － 9 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 14,093 2,527 2,644 1,748 34.8 9 Oct 31, 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 12,836 1,257 1,234 779 15.5 10 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 15,321 876 561 445 8.9 9 Oct 31, 2024 J-GAAP
YoY +19.4% -30.3% -54.5% -42.9% -43.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 25,516 2,503 2,121 1,564 31.3 14 May 11, 2023 J-GAAP
Mar, 2024 25,950 3,183 3,175 2,020 40.3 17 May 10, 2024 J-GAAP
Mar, 2025 Guidance 29,414 3,403 3,205 2,193 43.6 18 May 10, 2024 J-GAAP
YoY +13.3% +6.9% +0.9% +8.6% +8.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 6,783 820 852 560 11.2 12.1 Oct 26, 2023 J-GAAP
Oct - Dec, 2023 6,353 985 958 601 12.0 15.5 Jan 25, 2024 J-GAAP
Jan - Mar, 2024 6,483 272 276 178 3.6 4.2 May 10, 2024 J-GAAP
Apr - Jun, 2024 6,676 1,227 1,272 831 16.6 18.4 Jul 25, 2024 J-GAAP
Jul - Sep, 2024 7,417 1,300 1,372 917 18.3 17.5 Oct 31, 2024 J-GAAP
YoY +9.3% +58.5% +61.0% +63.7% +63.3%

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