Aica Kogyo (4206) Q3 2024 earnings summary

Executive summary

• Net sales for Q1–Q3 FY2024 rose 5.7% year-over-year to JPY 184,785 million, with operating profit up 8.7% to JPY 21,199 million and net income up 12.7% to JPY 14,338 million, all reaching record highs.

• Earnings per share increased 13.2% year-over-year to JPY 225.25.

Financial highlights

• Operating profit margin improved to 11.5% from 11.2% year-over-year.

• Ordinary profit grew 9.6% year-over-year to JPY 22,548 million.

• Gross profit for the nine months was JPY 50,241 million, up from JPY 47,216 million year-over-year.

• Net income margin increased to 7.8% from 7.3% year-over-year.

• Comprehensive income attributable to owners of parent was JPY 16,728 million, compared to JPY 21,165 million in the prior year.

Outlook and guidance

• Full-year net sales forecast at JPY 250,000 million, with 73.9% achieved by Q3.

• Operating profit forecast at JPY 27,200 million, with 77.9% achieved.

• Profit attributable to owners of parent is forecast at JPY 16,200 million, a 7.0% increase year-over-year.

• Full-year earnings per share expected to reach JPY 258.09.

• Dividend forecast for FY2024 revised up to JPY 122 per share, a JPY 10 increase from the previous year.