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STORAGE-OH Co.,Ltd., 2Q (May-July) Ordinary Profit Loss Widens

Fri Sep 13, 2024 3:00 pm JST Earnings

2997 STORAGE-OH Co.,Ltd. 【J-GAAP】

Earnings Report

STORAGE-OH Co.,Ltd. <2997> [TSE-G] announced its financial results after the market closed on September 13th (15:00). The ordinary loss (non-consolidated) for the cumulative second quarter of the fiscal year ending January 2025 (February to July) was a reduced loss of 105 million yen (compared to a loss of 107 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the August to January period (second half) is expected to grow by 4.9% from the same period last year, reaching 277 million yen.

In the most recent three-month period, from May to July (2Q), the ordinary loss expanded to a loss of 42 million yen (compared to a loss of 40 million yen in the same period last year). However, the operating profit/loss margin significantly improved from -17.6% in the same period last year to -12.7%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Feb - Jul, 2022 311 -119 -122 -124 -73.6 ー Sep 14, 2022 J-GAAP
Feb - Jul, 2023 441 -110 -107 -102 -55.5 ー Sep 12, 2023 J-GAAP
Feb - Jul, 2024 560 -108 -105 -114 -62.1 ー Sep 13, 2024 J-GAAP
YoY +27.0% +1.8% +1.9% -11.8% -11.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb - Jul, 2024 Guidance 560 -108 -105 -114 -61.8 0 Aug 19, 2024 J-GAAP
Feb - Jul, 2024 Results 560 -108 -105 -114 -62.1 0 Sep 13, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% -0.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2023 2,884 261 264 211 115.2 0 Mar 15, 2024 J-GAAP
Aug - Jan, 2024 Guidance 3,240 278 277 244 132.1 0 Aug 19, 2024 J-GAAP
YoY +12.3% +6.5% +4.9% +15.6% +14.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2023 3,065 153 148 102 58.2 0 Mar 16, 2023 J-GAAP
Jan, 2024 3,325 151 157 109 59.5 0 Mar 15, 2024 J-GAAP
Jan, 2025 Guidance 3,800 170 172 130 70.4 0 Mar 15, 2024 J-GAAP
YoY +14.3% +12.6% +9.6% +19.3% +18.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 239 -42 -40 -37 -20.1 -17.6 Sep 12, 2023 J-GAAP
Aug - Oct, 2023 217 -56 -54 -50 -27.2 -25.8 Dec 15, 2023 J-GAAP
Nov - Jan, 2023 2,667 317 318 261 142.5 11.9 Mar 15, 2024 J-GAAP
Feb - Apr, 2024 245 -68 -63 -62 -33.9 -27.8 Jun 13, 2024 J-GAAP
May - Jul, 2024 315 -40 -42 -52 -28.3 -12.7 Sep 13, 2024 J-GAAP
YoY +31.8% +4.8% -5.0% -40.5% -40.7%

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