OTAKE CORPORATION, June-August (1Q) Ordinary Profit Decreases by 14%

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Fri Oct 11, 2024 1:00 pm JST Earnings

7434 OTAKE CORPORATION 【J-GAAP】

Earnings Report

OTAKE CORPORATION <7434> [TSE-S] announced its financial results in the afternoon session on October 11th (13:00). The ordinary profit (non-consolidated) for the first quarter of the fiscal year ending May 2025 (June to August) decreased by 14.1% from the same period last year to 213 million yen. The progress rate against the 620 million yen plan for the six months ending November (first half) was 34.4%, which was higher than the five-year average of 30.0%.

In the most recent three-month period, from June to August (1Q), the operating profit margin worsened from 2.6% in the same period last year to 2.1%.

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Actual Results

Accumulated Results 1st Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jun - Aug, 2022	6,728	126	170	115	28.9	29.6	Oct 14, 2022	J-GAAP
Jun - Aug, 2023	7,887	206	248	168	42.2	40.2	Oct 12, 2023	J-GAAP
Jun - Aug, 2024	7,598	158	213	144	36.1	34.4	Oct 11, 2024	J-GAAP
YoY	-3.7%	-23.3%	-14.1%	-14.3%	-14.5%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2023	15,731	517	617	420	105.2	0	Jan 12, 2024	J-GAAP
Jun - Nov, 2024 Guidance	16,000	520	620	430	109.8	0	Jul 12, 2024	J-GAAP
YoY	+1.7%	+0.6%	+0.5%	+2.4%	+4.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2023	29,321	915	1,105	822	205.9	33	Jul 14, 2023	J-GAAP
May, 2024	31,253	916	1,117	774	193.5	35	Jul 12, 2024	J-GAAP
May, 2025 Guidance	32,000	950	1,150	780	199.2	35	Jul 12, 2024	J-GAAP
YoY	+2.4%	+3.7%	+3.0%	+0.8%	+2.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	7,887	206	248	168	42.2	2.6	Oct 12, 2023	J-GAAP
Sep - Nov, 2023	7,844	311	369	252	63.1	4.0	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	7,653	197	235	145	36.3	2.6	Apr 12, 2024	J-GAAP
Mar - May, 2024	7,869	202	265	209	52.3	2.6	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	7,598	158	213	144	36.1	2.1	Oct 11, 2024	J-GAAP
YoY	-3.7%	-23.3%	-14.1%	-14.3%	-14.5%