OKUWA CO., LTD., The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 19% Decrease

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Thu Sep 26, 2024 3:00 pm JST Revision

8217 OKUWA CO., LTD. 【J-GAAP】

Guidance Update Report

OKUWA CO., LTD. <8217> [TSE-P] announced a performance revision after the market closed on September 26th (15:00). The consolidated ordinary profit for the fiscal year ending February 2025 has downwardly by 29.6%, from the previous forecast of 3.55 billion yen to 2.5 billion yen (compared to 3.09 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 19.3% decrease in profit.

At the same time, the March to August period (first half) consolidated ordinary profit has downwardly by 71.8%, from the previous forecast of 1.1 billion yen to 310 million yen (compared to 819 million yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 62.1% decrease in profit.

Kabutan News

Guidance Update

First Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar - Aug, 2024 Prev	126,500	1,050	1,100	500	11.7	13	Apr 2, 2024	J-GAAP
Mar - Aug, 2024 New	122,550	245	310	85	2.0	13	Sep 26, 2024	J-GAAP
Revision Rate	-3.1%	-76.7%	-71.8%	-83.0%	-82.9%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2025 Prev	259,000	3,500	3,550	1,200	28.8	26	Apr 2, 2024	J-GAAP
Feb, 2025 New	254,000	2,450	2,500	550	13.2	26	Sep 26, 2024	J-GAAP
Revision Rate	-1.9%	-30.0%	-29.6%	-54.2%	-54.2%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar - Aug, 2023	121,520	706	819	399	9.1	13	Oct 3, 2023	J-GAAP
Mar - Aug, 2024 Guidance	122,550	245	310	85	2.0	13	Sep 26, 2024	J-GAAP
YoY	+0.8%	-65.3%	-62.1%	-78.7%	-77.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	246,877	2,927	3,148	928	21.2	26	Apr 3, 2023	J-GAAP
Feb, 2024	247,378	2,888	3,098	1,000	22.8	26	Apr 2, 2024	J-GAAP
Feb, 2025 Guidance	254,000	2,450	2,500	550	13.2	26	Sep 26, 2024	J-GAAP
YoY	+2.7%	-15.2%	-19.3%	-45.0%	-42.2%