OKAYA & CO.,LTD., First Half Ordinary Profit Increases by 7%

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Mon Sep 30, 2024 11:30 am JST Earnings

7485 OKAYA & CO.,LTD. 【J-GAAP】

Earnings Report

OKAYA & CO.,LTD. <7485> [NSE-P] announced its financial results at noon (11:30) on September 30th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) increased by 6.9% from the same period last year, reaching 19 billion yen. The progress rate against the 34 billion yen full-year plan was 56.0%, also surpassing the five-year average of 48.1%.

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 September to February period (second half) is expected to decrease by 17.1% from the same period last year to 14.9 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit amounted to 9.15 billion yen, a 2.0% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 3.1% in the same period last year to 3.3%.

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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
Mar - Aug, 2022	468,699	15,781	16,655	11,285	586.4	51.1	Sep 29, 2022	J-GAAP
Mar - Aug, 2023	544,508	16,034	17,797	11,782	612.4	49.6	Sep 28, 2023	J-GAAP
Mar - Aug, 2024	539,805	17,245	19,033	12,397	644.3	56.0	Sep 30, 2024	J-GAAP
YoY	-0.9%	+7.6%	+6.9%	+5.2%	+5.2%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar - Aug, 2024 Guidance	ー	ー	ー	ー	－	67.50	Mar 28, 2024	J-GAAP
Mar - Aug, 2024 Results	539,805	17,245	19,033	12,397	644.3	67.50	Sep 30, 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
Sep - Feb, 2023	567,426	16,378	18,053	11,877	617.3	67.50	Mar 28, 2024	J-GAAP
Sep - Feb, 2024 Guidance	610,195	13,755	14,967	10,103	525.1	67.50	Sep 30, 2024	J-GAAP
YoY	+7.5%	-16.0%	-17.1%	-14.9%	-14.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	962,016	29,448	32,568	23,520	1,222.2	122.50	Mar 30, 2023	J-GAAP
Feb, 2024	1,111,934	32,412	35,850	23,659	1,229.6	130	Mar 28, 2024	J-GAAP
Feb, 2025 Guidance	1,150,000	31,000	34,000	22,500	1,169.4	135	Mar 28, 2024	J-GAAP
YoY	+3.4%	-4.4%	-5.2%	-4.9%	-4.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	276,992	8,514	9,333	6,093	316.7	3.1	Sep 28, 2023	J-GAAP
Sep - Nov, 2023	275,175	8,720	9,742	6,639	345.1	3.2	Dec 26, 2023	J-GAAP
Dec - Feb, 2023	292,251	7,658	8,311	5,238	272.2	2.6	Mar 28, 2024	J-GAAP
Mar - May, 2024	283,927	8,811	9,882	6,748	350.8	3.1	Jun 27, 2024	J-GAAP
Jun - Aug, 2024	255,878	8,434	9,151	5,649	293.6	3.3	Sep 30, 2024	J-GAAP
YoY	-7.6%	-0.9%	-2.0%	-7.3%	-7.3%