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Area Quest, First Half Ordinary Profit Revised Downward to an Unexpected 75%Decrease

Wed Feb 12, 2025 2:00 pm JST Earnings

8912 Area Quest Inc. 【J-GAAP】

Earnings Report

Area Quest Inc. <8912> [TSE Std] announced its financial results in the afternoon session on February 12th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending June 2025 (July to December) significantly dropped 74.7% from the same period last year to 24 million yen, resulting in a decrease in profits compared to the previous forecast of a 26.3% increase.

The progress rate toward the full-year plan of 265 million yen was 9.1%, also falling below the five-year average of 46.3%.

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 January to June period (2H) is expected to expand 92.8% from the same period last year, reaching 241 million yen.

In the most recent three-month period, from October to December (2Q), the consolidated ordinary profit/loss turned to a loss of 1 million yen (compared to a profit of 60 million yen in the same period last year). However, the operating profit margin improved from 7.8% in the same period last year to 8.2%.

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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
Jul - Dec, 2022 1,136 94 108 54 2.8 46.2 Feb 10, 2023 J-GAAP
Jul - Dec, 2023 1,176 74 95 80 4.5 43.2 Feb 9, 2024 J-GAAP
Jul - Dec, 2024 1,192 89 24 4 0.3 9.1 Feb 12, 2025 J-GAAP
YoY +1.4% +20.3% -74.7% -95.0% -93.8%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Guidance 1,100 90 120 60 3.7 － Aug 8, 2024 J-GAAP
Jul - Dec, 2024 Results 1,192 89 24 4 0.3 0 Feb 12, 2025 J-GAAP
Revision Rate +8.4% -1.1% -80.0% -93.3% -92.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 1,153 39 125 54 3.1 3 Aug 8, 2024 J-GAAP
Jan - Jun, 2025 Guidance 1,208 111 241 156 9.7 3 Feb 12, 2025 J-GAAP
YoY +4.8% +184.6% +92.8% +188.9% +210.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2023 2,319 232 234 114 6.0 2 Aug 10, 2023 J-GAAP
Jun, 2024 2,329 113 220 134 7.8 3 Aug 8, 2024 J-GAAP
Jun, 2025 Guidance 2,400 200 265 160 10.0 3 Aug 8, 2024 J-GAAP
YoY +3.0% +77.0% +20.5% +19.4% +28.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 592 46 60 59 3.4 7.8 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 578 26 58 27 1.5 4.5 May 13, 2024 J-GAAP
Apr - Jun, 2024 575 13 67 27 1.6 2.3 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 595 40 25 15 0.9 6.7 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 597 49 -1 -11 -0.8 8.2 Feb 12, 2025 J-GAAP
YoY +0.8% +6.5% － － －

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