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AIT CORPORATION, First Half Ordinary Profit Unexpectedly Revised Upward by 0.3％

Thu Oct 10, 2024 12:00 pm JST Earnings

9381 AIT CORPORATION 【J-GAAP】

Earnings Report

AIT CORPORATION <9381> [TSE-P] announced its financial results at noon (12:00) on October 10th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) was 2.34 billion yen, a 0.3% increase compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 9.2% decrease.

The progress rate against the 4.75 billion yen full-year plan was 49.3%, almost the same as the five-year average of 46.8%.

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 September to February period (second half) is expected to grow by 9.4% from the same period last year, reaching 2.4 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit amounted to 1.15 billion yen, a 1.2% decrease compared to the same period last year. The operating profit margin worsened from 8.7% in the same period last year to 7.4%.

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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
Mar - Aug, 2022 35,744 2,754 2,805 1,873 79.8 50.0 Oct 12, 2022 J-GAAP
Mar - Aug, 2023 25,324 2,204 2,334 1,545 65.8 51.5 Oct 12, 2023 J-GAAP
Mar - Aug, 2024 26,156 2,127 2,341 1,510 64.3 49.3 Oct 10, 2024 J-GAAP
YoY +3.3% -3.5% +0.3% -2.3% -2.2%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance 26,700 2,000 2,120 1,430 60.9 40 Apr 15, 2024 J-GAAP
Mar - Aug, 2024 Results 26,156 2,127 2,341 1,510 64.3 40 Oct 10, 2024 J-GAAP
Revision Rate -2.0% +6.4% +10.4% +5.6% +5.6%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 26,076 2,124 2,202 1,444 61.5 40 Apr 15, 2024 J-GAAP
Sep - Feb, 2024 Guidance 29,444 2,373 2,409 1,730 73.6 40 Oct 10, 2024 J-GAAP
YoY +12.9% +11.7% +9.4% +19.8% +19.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 69,463 5,288 5,605 3,684 156.9 80 Apr 13, 2023 J-GAAP
Feb, 2024 51,400 4,328 4,536 2,989 127.2 80 Apr 15, 2024 J-GAAP
Feb, 2025 Guidance 55,600 4,500 4,750 3,240 137.9 80 Apr 15, 2024 J-GAAP
YoY +8.2% +4.0% +4.7% +8.4% +8.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 12,106 1,052 1,171 779 33.2 8.7 Oct 12, 2023 J-GAAP
Sep - Nov, 2023 14,175 1,362 1,404 931 39.6 9.6 Jan 11, 2024 J-GAAP
Dec - Feb, 2023 11,901 762 798 513 21.8 6.4 Apr 15, 2024 J-GAAP
Mar - May, 2024 12,879 1,143 1,184 761 32.4 8.9 Jul 16, 2024 J-GAAP
Jun - Aug, 2024 13,277 984 1,157 749 31.9 7.4 Oct 10, 2024 J-GAAP
YoY +9.7% -6.5% -1.2% -3.9% -3.8%

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