OKAMURA CORPORATION, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 3% Decrease

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Wed Nov 6, 2024 3:30 pm JST Earnings

7994 OKAMURA CORPORATION 【J-GAAP】

Earnings Report

OKAMURA CORPORATION <7994> [TSE-P] announced its financial results after the market closed on November 6th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 27.7% from the same period last year to 8.16 billion yen, fell short of the previous forecast of 11.1 billion yen.

In addition, the full-year consolidated ordinary profit has downwardly by 3.8%, from the previous forecast of 26.5 billion yen to 25.5 billion yen (compared to 26.2 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 2.8% decrease in profit.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 16.1% from the same period last year, reaching 17.3 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 2.44 billion yen, a 46.4% decrease compared to the same period last year. The operating profit margin drastically worsened from 6.2% in the same period last year to 3.0%.

Kabutan News

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	129,922	5,411	6,615	5,842	59.8	35.0	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	139,612	10,092	11,293	10,181	107.6	43.1	Nov 2, 2023	J-GAAP
Apr - Sep, 2024	145,649	6,745	8,162	7,971	84.2	32.0	Nov 6, 2024	J-GAAP
YoY	+4.3%	-33.2%	-27.7%	-21.7%	-21.7%

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	147,500	10,300	11,100	10,200	107.8	45	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	145,649	6,745	8,162	7,971	84.2	45	Nov 6, 2024	J-GAAP
Revision Rate	-1.3%	-34.5%	-26.5%	-21.9%	-21.8%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	310,000	25,000	26,500	21,000	221.9	90	May 10, 2024	J-GAAP
Mar, 2025 New	317,500	23,300	25,500	20,000	211.3	90	Nov 6, 2024	J-GAAP
Revision Rate	+2.4%	-6.8%	-3.8%	-4.8%	-4.8%

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	158,683	13,944	14,934	10,099	106.7	43	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	171,851	16,555	17,338	12,029	127.1	45	Nov 6, 2024	J-GAAP
YoY	+8.3%	+18.7%	+16.1%	+19.1%	+19.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	277,015	17,372	18,924	15,906	163.2	55	May 10, 2023	J-GAAP
Mar, 2024	298,295	24,036	26,227	20,280	214.3	86	May 10, 2024	J-GAAP
Mar, 2025 Guidance	317,500	23,300	25,500	20,000	211.3	90	Nov 6, 2024	J-GAAP
YoY	+6.4%	-3.1%	-2.8%	-1.4%	-1.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	68,531	4,245	4,553	4,119	43.5	6.2	Nov 2, 2023	J-GAAP
Oct - Dec, 2023	70,609	3,099	3,697	2,453	25.9	4.4	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	88,074	10,845	11,237	7,646	80.8	12.3	May 10, 2024	J-GAAP
Apr - Jun, 2024	72,833	4,572	5,722	6,823	72.1	6.3	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	72,816	2,173	2,440	1,148	12.1	3.0	Nov 6, 2024	J-GAAP
YoY	+6.3%	-48.8%	-46.4%	-72.1%	-72.1%