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Aoyama Zaisan Networks Company,Limited, January-September (Third Quarter Cumulative) Ordinary Profit Increases by 22%

Thu Nov 14, 2024 3:30 pm JST Earnings

8929 Aoyama Zaisan Networks Company,Limited 【J-GAAP】

Earnings Report

Aoyama Zaisan Networks Company,Limited <8929> [TSE-S] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 22.4% from the same period last year, reaching 2.38 billion yen. The progress rate against the 3.4 billion yen full-year plan was 70.1%, exceeding the five-year average of 60.1%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to decrease by 28.0% from the same period last year to 1.01 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 640 million yen, a 8.7% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 6.2% in the same period last year to 6.2%.

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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
Jan - Sep, 2022 28,033 1,665 1,602 1,064 43.9 64.1 Nov 11, 2022 J-GAAP
Jan - Sep, 2023 25,699 1,821 1,947 1,267 52.1 58.0 Nov 14, 2023 J-GAAP
Jan - Sep, 2024 31,909 2,412 2,384 1,689 69.3 70.1 Nov 14, 2024 J-GAAP
YoY +24.2% +32.5% +22.4% +33.3% +33.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 22,059 2,163 2,113 1,230 50.6 26 Feb 9, 2024 J-GAAP
Jul - Dec, 2024 Guidance 17,006 1,760 1,656 1,028 44.2 28 Aug 8, 2024 J-GAAP
YoY -22.9% -18.6% -21.6% -16.4% -12.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 35,952 2,629 2,499 1,694 69.8 35 Feb 10, 2023 J-GAAP
Dec, 2023 36,098 3,265 3,359 2,062 84.8 41 Feb 9, 2024 J-GAAP
Dec, 2024 Guidance 38,000 3,500 3,400 2,240 96.2 46 Feb 9, 2024 J-GAAP
YoY +5.3% +7.2% +1.2% +8.6% +13.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 11,660 719 701 435 17.9 6.2 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 10,399 1,444 1,412 795 32.7 13.9 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 9,301 832 834 608 25.0 8.9 May 14, 2024 J-GAAP
Apr - Jun, 2024 11,693 908 910 604 24.8 7.8 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 10,915 672 640 477 19.6 6.2 Nov 14, 2024 J-GAAP
YoY -6.4% -6.5% -8.7% +9.7% +9.4%

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