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

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 Oct 26, 2022 J-GAAP
Apr - Sep, 2023 1,935 -284 -270 -203 -25.2 Oct 25, 2023 J-GAAP
Apr - Sep, 2024 2,108 -376 -343 -261 -32.2 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 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%

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