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

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%

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