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ONDECK Co., Ltd., December-August (Third Quarter Cumulative) Ordinary Profit Turns to Profit, June-Augus Ordinary Profit Loss Narrows

Thu Oct 10, 2024 3:00 pm JST Earnings

7360 ONDECK Co., Ltd. 【J-GAAP】

Earnings Report

ONDECK Co., Ltd. <7360> [TSE-G] announced its financial results after the market closed on October 10th (15:00). The ordinary profit/loss (non-consolidated) for the cumulative third quarter of the fiscal year ending November 2024 (December 2023 to August 2024) turned into a profit of 26 million yen (compared to a loss of 224 million yen in the same period last year). The progress rate against the 235 million yen full-year plan was 11.1%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the September to November period (4Q) is expected to surge by 8.4 times that of the same period last year, reaching 209 million yen.

In the most recent three-month period, from June to August (3Q), the ordinary loss improved to a deficit of loss of 37 million yen (compared to a loss of 45 million yen in the same period last year). The operating profit/loss margin significantly improved from -19.6% in the same period last year to -15.7%.

Kabutan News

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
Dec - Aug, 2021 804 123 123 85 29.7 57.7 Oct 14, 2022 J-GAAP
Dec - Aug, 2022 493 -223 -224 -153 -54.3 Oct 13, 2023 J-GAAP
Dec - Aug, 2023 833 26 26 18 6.9 11.1 Oct 10, 2024 J-GAAP
YoY +69.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2023 558 -21 -20 -30 -10.9 0 Jan 12, 2024 J-GAAP
Jun - Nov, 2024 Guidance 1,039 173 172 123 47.1 0 Jul 12, 2024 J-GAAP
YoY +86.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2022 1,339 213 213 151 52.8 0 Jan 13, 2023 J-GAAP
Nov, 2023 826 -200 -199 -152 -55.0 0 Jan 12, 2024 J-GAAP
Nov, 2024 Guidance 1,642 235 235 165 63.1 0 Jan 12, 2024 J-GAAP
YoY +98.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 225 -44 -45 -31 -11.0 -19.6 Oct 13, 2023 J-GAAP
Sep - Nov, 2023 333 23 25 1 0.4 6.9 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 287 35 35 24 9.3 12.2 Apr 10, 2024 J-GAAP
Mar - May, 2024 316 27 28 18 7.0 8.5 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 230 -36 -37 -24 -9.2 -15.7 Oct 10, 2024 J-GAAP
YoY +2.2% +18.2% +17.8% +22.6% +16.0%

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