AIRPORT FACILITIES, The Current Fiscal Year Ordinary Profit Revised Upward by 36%, Dividend Revised Upward by 2 yen

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Thu Jan 30, 2025 3:00 pm JST Earnings

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

Earnings Report

AIRPORT FACILITIES Co.,LTD. <8864> [TSE Prime] announced its financial results in the afternoon session on January 30th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 27.4% from the same period last year, reaching 3.69 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 35.5%, from the previous forecast of 3.2 billion yen to 4.34 billion yen (compared to 3.17 billion yen in the previous period), increasing the growth rate from 0.9% to 36.8%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 3.0 times, from the previous forecast of 0.56 billion yen to 1.69 billion yen (compared to 1.23 billion yen in the same period of the previous year), turning to a 37.7% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 18 yen to 20 yen (compared to 17 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 9.6% from the same period last year, reaching 1.05 billion yen. However, the operating profit margin decreased from 15.5% in the same period last year to 15.4%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	19,039	2,596	2,424	2,287	45.7	114.3	Jan 26, 2023	J-GAAP
Apr - Dec, 2023	19,467	2,911	2,899	1,842	36.7	91.3	Jan 25, 2024	J-GAAP
Apr - Dec, 2024	21,016	3,591	3,694	1,697	33.8	85.1	Jan 30, 2025	J-GAAP
YoY	+8.0%	+23.4%	+27.4%	-7.9%	-8.1%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	15,321	876	561	445	8.9	9	Oct 31, 2024	J-GAAP
Oct - Mar, 2024 New	16,931	1,713	1,699	656	13.0	11	Jan 30, 2025	J-GAAP
Revision Rate	+10.5%	+95.5%	+202.9%	+47.4%	+47.3%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	29,414	3,403	3,205	2,193	43.6	18	May 10, 2024	J-GAAP
Mar, 2025 New	31,024	4,240	4,343	2,404	47.8	20	Jan 30, 2025	J-GAAP
Revision Rate	+5.5%	+24.6%	+35.5%	+9.6%	+9.6%

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	16,931	1,713	1,699	656	13.0	11	Jan 30, 2025	J-GAAP
YoY	+31.9%	+36.3%	+37.7%	-15.8%	-16.0%

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	31,024	4,240	4,343	2,404	47.8	20	Jan 30, 2025	J-GAAP
YoY	+19.6%	+33.2%	+36.8%	+19.0%	+18.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
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
Oct - Dec, 2024	6,923	1,064	1,050	-51	-1.0	15.4	Jan 30, 2025	J-GAAP
YoY	+9.0%	+8.0%	+9.6%	－	－