Asahi Intecc KK

Latest Results (14.08.2024):

Net Sales Growth

Asahi Intecc KK reported net sales of 80,733 million yen for the nine months ended March 31, 2024, marking a 15.7% increase year-on-year. This growth was primarily driven by a significant rise in overseas net sales, attributed to the recovery and expansion of the market following the diminished impact of COVID-19, favorable exchange rates, and increased market demand.

Operating Profit Increase

For the nine months ended March 31, 2024, Asahi Intecc KK achieved an operating profit of 19,656 million yen, reflecting a 19.7% year-on-year increase. This improvement occurred despite higher selling, general, and administrative expenses, which included increased sales promotion costs in overseas markets and higher R&D expenses.

Profit Attributable to Owners

Asahi Intecc KK reported a profit attributable to owners of the parent company amounting to 14,040 million yen for the nine months ended March 31, 2024. This represents a 17.2% increase compared to the same period in the previous year, underscoring the company's strong financial performance during this period.

Equity-to-Asset Ratio

As of March 31, 2024, Asahi Intecc KK's equity-to-asset ratio stood at 81.0%, up from 76.6% as of June 30, 2023. This improvement indicates a stronger financial position and a higher proportion of equity financing relative to total assets.

Dividend Forecast

Asahi Intecc KK has forecasted an annual dividend of 16.43 yen per share for the fiscal year ending June 30, 2024. This represents an increase from the 14.48 yen per share dividend paid in the previous fiscal year, reflecting the company's confidence in its ongoing financial stability and growth prospects.