Aica Kogyo (4206) Q2 2024 earnings summary

Executive summary

• Net sales for FY2024 Q1–Q2 reached JPY 120,140 million, up 6.0% year-over-year and surpassing the forecast.

• Operating profit rose 15.3% year-over-year to JPY 13,147 million, exceeding the revised forecast.

• Profit attributable to owners of parent grew 12.7% year-over-year to JPY 8,855 million.

• Comprehensive income reached JPY 18,090 million, up from JPY 16,496 million year-over-year.

• Earnings per share grew 12.7% year-over-year to JPY 138.44.

Financial highlights

• Net sales: JPY 120,140 million (+6.0% YoY).

• Operating profit: JPY 13,147 million (+15.3% YoY, margin 10.9%).

• Ordinary profit: JPY 14,230 million (+18.1% YoY, margin 11.8%).

• Gross profit improved to JPY 32,254 million from JPY 29,796 million year-over-year.

• EPS: JPY 138.44 (+12.7% YoY).

Outlook and guidance

• Full-year net sales forecast at JPY 250,000 million, up 5.7% year-over-year.

• Operating profit projected at JPY 27,200 million, up 7.6% year-over-year.

• Profit attributable to owners of parent expected to reach JPY 16,200 million, up 7.0% year-over-year.

• FY2024 dividend forecast raised to JPY 116 per share, up JPY 4 from the previous year.

• Progressive dividend policy to continue, aiming for further increases.