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OCHI HOLDINGS CO.,LTD., First Half Ordinary Profit Decreases by 38%, July-September Ordinary Profit Decreases by 66%

Wed Nov 6, 2024 3:00 pm JST Earnings

3166 OCHI HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

OCHI HOLDINGS CO.,LTD. <3166> [TSE-S] announced its financial results in the afternoon session on November 6th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 38.0% from the same period last year to 950 million yen. The progress rate against the 2.1 billion yen full-year plan was 45.2%, almost the same as the five-year average of 46.0%.

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 4.1% from the same period last year to 1.15 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 218 million yen, a 65.7% decrease compared to the same period last year. The operating profit margin worsened from 1.7% in the same period last year to 0.4%.

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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 56,307 1,493 1,792 1,213 94.2 50.8 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 56,645 1,240 1,532 981 76.0 56.1 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 56,972 692 950 511 39.4 45.2 Nov 6, 2024 J-GAAP
YoY +0.6% -44.2% -38.0% -47.9% -48.1%

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 57,000 700 950 510 39.3 27 Oct 28, 2024 J-GAAP
Apr - Sep, 2024 Results 56,972 692 950 511 39.4 27 Nov 6, 2024 J-GAAP
Revision Rate 0.0% -1.1% 0.0% +0.2% +0.2%

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 56,721 915 1,199 1,112 86.0 27 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 58,028 808 1,150 639 49.2 27 Nov 6, 2024 J-GAAP
YoY +2.3% -11.7% -4.1% -42.5% -42.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 115,613 2,946 3,531 2,484 192.8 52 May 9, 2023 J-GAAP
Mar, 2024 113,366 2,155 2,731 2,093 161.8 54 May 8, 2024 J-GAAP
Mar, 2025 Guidance 115,000 1,500 2,100 1,150 88.5 54 Oct 28, 2024 J-GAAP
YoY +1.4% -30.4% -23.1% -45.1% -45.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 27,948 484 635 431 33.4 1.7 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 30,414 751 899 621 48.0 2.5 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 26,307 164 300 491 38.0 0.6 May 8, 2024 J-GAAP
Apr - Jun, 2024 29,143 591 732 401 31.0 2.0 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 27,829 101 218 110 8.5 0.4 Nov 6, 2024 J-GAAP
YoY -0.4% -79.1% -65.7% -74.5% -74.6%

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