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AMG HOLDINGS CO.,LTD., First Half Ordinary Profit Increases by 3%

Fri Nov 8, 2024 4:20 pm JST Earnings

8891 AMG HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

AMG HOLDINGS CO.,LTD. <8891> [TSE-S] announced its financial results after the market closed on November 8th (16:20). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 3.0% from the same period last year, reaching 615 million yen. However, The progress rate against the 1.6 billion yen full-year plan was 38.4%, almost the same as the five-year average of 41.3%.

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 11.7% from the same period last year to 985 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 277 million yen, an increase of 0.4% compared to the same period last year. However, the operating profit margin worsened from 4.7% in the same period last year to 4.4%.

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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 8,908 554 560 358 124.9 40.3 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 13,179 639 597 361 125.4 34.9 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 14,392 664 615 410 143.3 38.4 Nov 8, 2024 J-GAAP
YoY +9.2% +3.9% +3.0% +13.6% +14.3%

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 15,800 840 790 540 192.8 30 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 14,392 664 615 410 143.3 30 Nov 8, 2024 J-GAAP
Revision Rate -8.9% -21.0% -22.2% -24.1% -25.7%

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 15,910 1,177 1,116 729 253.1 27.50 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 15,608 1,036 985 590 210.6 30 Nov 8, 2024 J-GAAP
YoY -1.9% -12.0% -11.7% -19.1% -16.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 22,805 1,434 1,388 2,946 1,024.7 45 May 12, 2023 J-GAAP
Mar, 2024 29,089 1,816 1,713 1,090 378.5 55 May 14, 2024 J-GAAP
Mar, 2025 Guidance 30,000 1,700 1,600 1,000 357.0 60 May 14, 2024 J-GAAP
YoY +3.1% -6.4% -6.6% -8.3% -5.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 6,561 308 276 175 60.8 4.7 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 6,633 402 374 231 80.2 6.1 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 9,277 775 742 498 172.9 8.4 May 14, 2024 J-GAAP
Apr - Jun, 2024 7,320 356 338 224 77.8 4.9 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 7,072 308 277 186 65.0 4.4 Nov 8, 2024 J-GAAP
YoY +7.8% 0.0% +0.4% +6.3% +7.0%

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