O.B.System Inc., July-September (2Q) Ordinary Profit Decreases by 8%

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Thu Oct 24, 2024 4:00 pm JST Earnings

5576 O.B.System Inc. 【J-GAAP】

Earnings Report

O.B.System Inc. <5576> [TSE-S] announced its financial results after the market closed on October 24th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 273 million yen, a 1.9% increase compared to the previous period non-consolidated. However, The progress rate against the 636 million yen full-year plan was 42.9%, almost the same as the same period of the previous year of 42.4%.

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 October to March period (second half) is expected to nearly flat at 363 million yen, down 0.3% from the previous period non-consolidated.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 191 million yen, a 7.7% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 9.6% in the same period last year to 9.6%.

Note: Since the current fiscal year, the company has transitioned to consolidated financial statements.

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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
Apr - Sep, 2023	3,269	241	268	183	82.4	42.4	Oct 24, 2023	J-GAAP
Apr - Sep, 2024	3,754	257	273	221	96.2	42.9	Oct 24, 2024	J-GAAP
YoY	+14.8%	+6.6%	+1.9%	+20.8%	+16.7%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	40	Sep 19, 2024	J-GAAP
Apr - Sep, 2024 Results	3,754	257	273	221	96.2	40	Oct 24, 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
Oct - Mar, 2023	3,627	350	364	258	112.9	40	Apr 22, 2024	J-GAAP
Oct - Mar, 2024 Guidance	3,808	343	363	259	112.3	40	Oct 24, 2024	J-GAAP
YoY	+5.0%	-2.0%	-0.3%	+0.4%	-0.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	6,163	502	517	497	239.5	50	Jun 21, 2023	J-GAAP
Mar, 2024	6,896	591	632	441	193.0	70	Apr 22, 2024	J-GAAP
Mar, 2025 Guidance	7,562	600	636	480	208.2	80	Sep 19, 2024	J-GAAP
YoY	+9.7%	+1.5%	+0.6%	+8.8%	+7.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,711	164	207	141	63.5	9.6	Oct 24, 2023	J-GAAP
Oct - Dec, 2023	1,751	189	197	136	60.0	10.8	Jan 23, 2024	J-GAAP
Jan - Mar, 2024	1,876	161	167	122	53.4	8.6	Apr 22, 2024	J-GAAP
Apr - Jun, 2024	1,826	72	82	90	39.3	3.9	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	1,928	185	191	131	57.0	9.6	Oct 24, 2024	J-GAAP
YoY	+12.7%	+12.8%	-7.7%	-7.1%	-10.2%