Asahi Intecc（7747.JT）Guidance does not look conservative
UBS·2024-08-15 03:59
Global Research and Evidence Lab 14 August 2024 First Read Asahi Intecc Guidance does not look conservative Q: How did the results compare vs expectations? A: Q4 FY6/24 OP (prior to goodwill amortisation adjustments) came in at ¥2.5bn (+53.8% yoy). This is below the IFIS consensus of ¥2.9bn but is higher than the ¥2.0bn that we expected. The main factor in the gap between this result and our forecast was strong sales in China. We estimate that the company's China sales rose 3.4X in Q4 (local currency basis) ...