OXIDE Corporation, June-August (2Q) Ordinary Profit Turns to Profit

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Tue Oct 15, 2024 3:00 pm JST Earnings

6521 OXIDE Corporation 【J-GAAP】

Earnings Report

OXIDE Corporation <6521> [TSE-G] announced its financial results after the market closed on October 15th (15:00). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending February 2025 (March to August) expanded to a loss of 317 million yen (compared to a loss of 26 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the September to February period (second half) is expected to turn into a profit of 446 million yen (compared to a loss of 740 million yen in the same period last year).

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 43 million yen (compared to a loss of 95 million yen in the same period last year). The operating profit/loss margin significantly improved from -3.3% in the same period last year to 0.5%.

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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	2,961	545	586	414	42.2	85.3	Oct 14, 2022	J-GAAP
Mar - Aug, 2023	3,323	-112	-26	-63	-6.4	ー	Oct 13, 2023	J-GAAP
Mar - Aug, 2024	3,398	-396	-317	-242	-22.0	ー	Oct 15, 2024	J-GAAP
YoY	+2.3%	-253.6%	-1,119.2%	-284.1%	-245.5%

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	－	0	Apr 15, 2024	J-GAAP
Mar - Aug, 2024 Results	3,398	-396	-317	-242	-22.0	0	Oct 15, 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	3,283	-871	-740	-359	-35.4	0	Apr 15, 2024	J-GAAP
Sep - Feb, 2024 Guidance	5,155	598	446	258	23.2	0	Oct 15, 2024	J-GAAP
YoY	+57.0%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	5,752	537	687	557	56.5	0	Apr 14, 2023	J-GAAP
Feb, 2024	6,606	-983	-766	-422	-41.6	0	Apr 15, 2024	J-GAAP
Feb, 2025 Guidance	8,553	202	129	16	1.4	0	Apr 15, 2024	J-GAAP
YoY	+29.5%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	1,964	-64	-95	-102	-10.3	-3.3	Oct 13, 2023	J-GAAP
Sep - Nov, 2023	1,370	-519	-493	-392	-39.3	-37.9	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	1,913	-352	-247	33	3.3	-18.4	Apr 15, 2024	J-GAAP
Mar - May, 2024	1,388	-406	-360	-260	-23.7	-29.3	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	2,010	10	43	18	1.6	0.5	Oct 15, 2024	J-GAAP
YoY	+2.3%	－	－	－	－