Asia Air Survey (9233) Q3 2024 earnings summary

Executive summary

• Revenue for the nine months ended June 30, 2024, increased 3.6% year-over-year to ¥30,249 million, with order intake up 16.7% to ¥32,768 million.

• Operating income declined 9.0% year-over-year to ¥2,890 million, and net income attributable to shareholders was ¥1,840 million, down 1.1%.

• The company continued strategic initiatives in digital transformation, disaster resilience, and sustainability, including the release of a new GIS platform and recognition as a DX Noteworthy Company 2024.

Financial highlights

• Gross profit rose to ¥8,634 million from ¥8,354 million year-over-year.

• Operating margin decreased due to higher SG&A expenses, with operating profit at ¥2,890 million (down from ¥3,177 million).

• Comprehensive income fell 14.4% year-over-year to ¥1,642 million.

• EPS for the period was ¥101.38, compared to ¥102.82 in the prior year.

Outlook and guidance

• Full-year revenue forecast is ¥39,000 million (up 4.5% year-over-year), with operating profit projected at ¥2,780 million and net income at ¥1,880 million.

• No changes have been made to the previously announced earnings guidance.