ORIGINAL ENGINEERING CONSULTANTS CO.,LTD., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 10%

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Wed Nov 6, 2024 3:00 pm JST Earnings

4642 ORIGINAL ENGINEERING CONSULTANTS CO.,LTD. 【J-GAAP】

Earnings Report

ORIGINAL ENGINEERING CONSULTANTS CO.,LTD. <4642> [TSE-S] announced its financial results in the afternoon session on November 6th (15:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 10.1% from the same period last year, reaching 676 million yen. The progress rate against the 710 million yen full-year plan was 95.2%, also surpassing the five-year average of 75.5%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to December period (4Q) is expected to significant drop by 80.3% from the same period last year to 34 million yen.

In the most recent three-month period, from July to September (3Q), the ordinary loss expanded to a loss of 207 million yen (compared to a loss of 184 million yen in the same period last year). However, the operating profit/loss margin remained almost flat, changing from -17.1% in the same period last year to -17.1%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	4,425	371	375	212	36.3	50.1	Nov 4, 2022	J-GAAP
Jan - Sep, 2023	4,825	599	614	375	63.9	78.0	Nov 7, 2023	J-GAAP
Jan - Sep, 2024	5,189	668	676	509	86.5	95.2	Nov 6, 2024	J-GAAP
YoY	+7.5%	+11.5%	+10.1%	+35.7%	+35.3%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	2,893	-12	-11	-44	-7.5	32	Feb 5, 2024	J-GAAP
Jul - Dec, 2024 Guidance	2,701	-172	-173	-219	-37.5	32	Aug 7, 2024	J-GAAP
YoY	-6.6%	-1,333.3%	-1,472.7%	-397.7%	-400.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	6,486	739	748	415	70.9	32	Feb 7, 2023	J-GAAP
Dec, 2023	6,633	773	787	477	81.2	32	Feb 5, 2024	J-GAAP
Dec, 2024 Guidance	6,700	700	710	450	77.0	32	Feb 5, 2024	J-GAAP
YoY	+1.0%	-9.4%	-9.8%	-5.7%	-5.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,085	-186	-184	-146	-24.9	-17.1	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	1,808	174	173	102	17.4	9.6	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	2,397	606	611	409	69.5	25.3	May 10, 2024	J-GAAP
Apr - Jun, 2024	1,602	266	272	260	44.1	16.6	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	1,190	-204	-207	-160	-27.2	-17.1	Nov 6, 2024	J-GAAP
YoY	+9.7%	-9.7%	-12.5%	-9.6%	-9.2%