ODK Solutions Company,Ltd, First Half Ordinary Profit Loss Widens, July-September Ordinary Profit Loss Widens

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Wed Oct 30, 2024 3:40 pm JST Earnings

3839 ODK Solutions Company,Ltd 【J-GAAP】

Earnings Report

ODK Solutions Company,Ltd <3839> [TSE-S] announced its financial results after the market closed on October 30th (15:40). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 343 million yen (compared to a loss of 270 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 for the October to March period (second half) is expected to decrease by 3.5% from the same period last year to 843 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss expanded to a loss of 182 million yen (compared to a loss of 150 million yen in the same period last year). The operating profit/loss margin drastically worsened from -15.0% in the same period last year to -18.1%.

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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, 2022	1,871	-390	-375	-271	-33.2	ー	Oct 26, 2022	J-GAAP
Apr - Sep, 2023	1,935	-284	-270	-203	-25.2	ー	Oct 25, 2023	J-GAAP
Apr - Sep, 2024	2,108	-376	-343	-261	-32.2	ー	Oct 30, 2024	J-GAAP
YoY	+8.9%	-32.4%	-27.0%	-28.6%	-27.9%

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	－	5	Apr 30, 2024	J-GAAP
Apr - Sep, 2024 Results	2,108	-376	-343	-261	-32.2	5	Oct 30, 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	3,932	856	874	469	58.1	5	Apr 30, 2024	J-GAAP
Oct - Mar, 2024 Guidance	4,592	846	843	601	73.5	5	Oct 30, 2024	J-GAAP
YoY	+16.8%	-1.2%	-3.5%	+28.1%	+26.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	5,566	420	449	236	29.0	10	Apr 28, 2023	J-GAAP
Mar, 2024	5,867	572	604	266	33.0	10	Apr 30, 2024	J-GAAP
Mar, 2025 Guidance	6,700	470	500	340	41.6	10	Apr 30, 2024	J-GAAP
YoY	+14.2%	-17.8%	-17.2%	+27.8%	+26.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	971	-146	-150	-114	-14.1	-15.0	Oct 25, 2023	J-GAAP
Oct - Dec, 2023	1,260	-24	-7	-10	-1.2	-1.9	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	2,672	880	881	479	59.3	32.9	Apr 30, 2024	J-GAAP
Apr - Jun, 2024	1,057	-186	-161	-123	-15.2	-17.6	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	1,051	-190	-182	-138	-17.0	-18.1	Oct 30, 2024	J-GAAP
YoY	+8.2%	-30.1%	-21.3%	-21.1%	-20.4%