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OHARA INC., 3Q (May-July) Ordinary Profit Increases by 27%

Fri Sep 13, 2024 3:00 pm JST Earnings

5218 OHARA INC. 【J-GAAP】

Earnings Report

OHARA INC. <5218> [TSE-S] announced its financial results after the market closed on September 13th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) decreased by 14.1% from the same period last year to 1.97 billion yen. This progress accounts for 82.3% of the full-year plan of 2.4 billion yen, below the five-year average of 87.5%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the August to October period (4Q) is expected to expand by 40.4% from the same period last year, reaching 424 million yen.

In the most recent three-month period, from May to July (3Q), the consolidated ordinary profit grew by 26.7% from the same period last year, reaching 849 million yen. The operating profit margin improved from 8.0% in the same period last year to 10.8%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Nov - Jul, 2021 20,961 2,229 2,667 1,574 64.7 72.8 Sep 9, 2022 J-GAAP
Nov - Jul, 2022 21,449 2,130 2,301 1,554 63.8 88.4 Sep 8, 2023 J-GAAP
Nov - Jul, 2023 20,838 1,659 1,976 1,173 48.2 82.3 Sep 13, 2024 J-GAAP
YoY -2.8% -22.1% -14.1% -24.5% -24.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2023 13,568 655 972 352 14.5 20 Dec 14, 2023 J-GAAP
May - Oct, 2024 Guidance 13,655 1,163 1,273 795 32.6 23 Jun 14, 2024 J-GAAP
YoY +0.6% +77.6% +31.0% +125.9% +125.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2022 28,304 2,976 3,665 2,116 86.9 20 Dec 15, 2022 J-GAAP
Oct, 2023 28,123 2,233 2,603 1,572 64.5 20 Dec 14, 2023 J-GAAP
Oct, 2024 Guidance 26,900 2,000 2,400 1,400 57.5 23 Jun 14, 2024 J-GAAP
YoY -4.3% -10.4% -7.8% -10.9% -11.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 6,894 552 670 334 13.7 8.0 Sep 8, 2023 J-GAAP
Aug - Oct, 2023 6,674 103 302 18 0.7 1.5 Dec 14, 2023 J-GAAP
Nov - Jan, 2023 6,345 366 378 116 4.8 5.8 Mar 8, 2024 J-GAAP
Feb - Apr, 2024 6,900 471 749 489 20.1 6.8 Jun 14, 2024 J-GAAP
May - Jul, 2024 7,593 822 849 568 23.3 10.8 Sep 13, 2024 J-GAAP
YoY +10.1% +48.9% +26.7% +70.1% +70.0%

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