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

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 23.1 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 -566 -540 -425 -42.5 -41.3 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 1,913 -305 -200 66 6.5 -15.9 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% － － － －

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