OM2Network Co.,Ltd., First Half Ordinary Profit Decreases by 11%, 2Q (May-July) Ordinary Profit Decreases by 38%

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Fri Sep 13, 2024 3:30 pm JST Earnings

7614 OM2Network Co.,Ltd. 【J-GAAP】

Earnings Report

OM2Network Co.,Ltd. <7614> [TSE-S] announced its financial results after the market closed on September 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending January 2025 (February to July) decreased by 11.3% from the same period last year to 803 million yen. However, this progress accounts for 51.1% of the full-year plan of 1.57 billion yen, also surpassing the five-year average of 43.1%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the August to January period (second half) is expected to decrease by 25.1% from the same period last year to 767 million yen.

In the most recent three-month period, from May to July (2Q), the consolidated ordinary profit dropped to 270 million yen, a 37.8% decrease compared to the same period last year. The operating profit margin worsened from 4.9% in the same period last year to 3.0%.

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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	15,298	587	616	416	61.9	40.9	Sep 13, 2022	J-GAAP
Feb - Jul, 2023	15,700	898	905	574	85.4	46.9	Sep 13, 2023	J-GAAP
Feb - Jul, 2024	15,926	723	803	515	76.6	51.1	Sep 13, 2024	J-GAAP
YoY	+1.4%	-19.5%	-11.3%	-10.3%	-10.3%

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	ー	ー	ー	ー	－	0	Mar 14, 2024	J-GAAP
Feb - Jul, 2024 Results	15,926	723	803	515	76.6	0	Sep 13, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	16,409	978	1,024	761	113.2	30	Mar 14, 2024	J-GAAP
Aug - Jan, 2024 Guidance	16,374	797	767	425	63.6	30	Sep 13, 2024	J-GAAP
YoY	-0.2%	-18.5%	-25.1%	-44.2%	-43.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan, 2023	31,541	1,500	1,506	886	131.8	24	Mar 14, 2023	J-GAAP
Jan, 2024	32,109	1,876	1,929	1,335	198.5	30	Mar 14, 2024	J-GAAP
Jan, 2025 Guidance	32,300	1,520	1,570	940	140.7	30	Mar 14, 2024	J-GAAP
YoY	+0.6%	-19.0%	-18.6%	-29.6%	-29.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
May - Jul, 2023	7,869	387	434	277	41.2	4.9	Sep 13, 2023	J-GAAP
Aug - Oct, 2023	7,832	386	406	345	51.3	4.9	Dec 13, 2023	J-GAAP
Nov - Jan, 2023	8,577	592	618	416	61.9	6.9	Mar 14, 2024	J-GAAP
Feb - Apr, 2024	8,025	486	533	353	52.6	6.1	Jun 13, 2024	J-GAAP
May - Jul, 2024	7,901	237	270	162	24.1	3.0	Sep 13, 2024	J-GAAP
YoY	+0.4%	-38.8%	-37.8%	-41.5%	-41.5%