Azgent, Inc.'s first-half ordinary profit fell into the red, while ordinary profit for July–September came to ¥17 million, down 85.6% year on year. Revenue was ¥1,747 million, operating profit was -¥45 million and ordinary profit was -¥36 million. Ordinary profit is expected to recover to ¥86 million in the second-half forecast.
On 13 November 2024, Azgent, Inc. announced its cumulative results for the April–September period. First-half ordinary profit was in the red, while ordinary profit for July–September, based solely on results for the most recent 3 months, was ¥17 million, down approximately 85.6% year on year. Revenue showed no significant growth compared with the same period of the previous year. Although revenue increased from ¥1,537 million to ¥1,747 million, with a change from the previous period, a substantial deterioration was recorded in terms of profit.
First-half results were revenue of ¥1,747 million, operating profit of -¥45 million, ordinary profit of -¥36 million and net profit of -¥36 million. There was no revision to the full-year forecast, which remained at approximately the same level as the previous forecast. Compared with the same period of the previous year, ordinary profit fell into the red, and adjusted EPS was -¥9.5. Based on these results, the company presented its second-half forecast, projecting revenue of ¥1,753 million, operating profit of ¥95 million, ordinary profit of ¥86 million and net profit of ¥86 million.
For the current fiscal year's second-half forecast, revenue is expected to increase from the previous forecast, while ordinary profit is expected to recover to approximately 3.0 times the previous forecast. Adjusted EPS is projected at ¥22.5, while the dividend remains undecided. The earnings release indicated a positive outlook for a recovery in performance, including an assumption of operating profit at 2.3 times the level implied by second-half progress.
In the quarterly performance trend over the 3-month periods, revenue progressed from the July–September 25.07-09 period to the July–September 26.07-09 period, while revenue was ¥796 million in April–June and ¥951 million in July–September, showing substantial fluctuations between the spring and autumn quarters. Ordinary profit fell sharply in the most recent July–September period, and the profit margin relative to revenue also declined. The year-end full-year outlook remains uncertain because of the difference between the actual second-half results and the previous forecast.