OMRON CORPORATION, The Current Fiscal Year Pretax Income Revised Upward by 24%

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Wed Nov 6, 2024 3:35 pm JST Earnings

6645 OMRON CORPORATION 【US-GAAP】

Earnings Report

OMRON CORPORATION <6645> [TSE-P] announced its financial results (based on US-GAAP) after the market closed on November 6th (15:35). The consolidated pretax income/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 336 million yen (compared to a profit of 24.9 billion yen in the same period last year).

However, the full-year consolidated pretax income has been revised upward by 23.8%, from the previous forecast of 21 billion yen to 26 billion yen (compared to 34.9 billion yen in the previous period), and the declining rate is expected to decrease from 39.9% to 25.6%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated pretax income for the October to March period (second half) is expected to surge by 2.6 times that of the same period last year, reaching 26.3 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated pretax income increased by 89.1% from the same period last year, reaching 12.1 billion yen. The operating profit margin significantly improved from 3.2% in the same period last year to 6.8%.

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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	404,418	41,613	38,919	27,875	139.8	39.5	Oct 26, 2022	US-GAAP
Apr - Sep, 2023	400,674	20,651	24,994	6,080	30.9	71.5	Oct 27, 2023	US-GAAP
Apr - Sep, 2024	374,638	19,226	-336	-3,318	-16.9	ー	Nov 6, 2024	US-GAAP
YoY	-6.5%	-6.9%	－	－	－

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	－	－	May 8, 2024	US-GAAP
Apr - Sep, 2024 Results	374,638	19,226	-336	-3,318	-16.9	52	Nov 6, 2024	US-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	825,000	49,000	21,000	8,500	43.2	104	May 8, 2024	US-GAAP
Mar, 2025 New	805,000	52,000	26,000	11,000	55.9	104	Nov 6, 2024	US-GAAP
Revision Rate	-2.4%	+6.1%	+23.8%	+29.4%	+29.4%

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	418,087	13,691	9,959	2,025	10.3	52	May 8, 2024	US-GAAP
Oct - Mar, 2024 Guidance	430,362	32,774	26,336	14,318	72.7	52	Nov 6, 2024	US-GAAP
YoY	+2.9%	+139.4%	+164.4%	+607.1%	+606.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	876,082	100,686	98,409	73,861	372.2	98	Apr 26, 2023	US-GAAP
Mar, 2024	818,761	34,342	34,953	8,105	41.2	104	May 8, 2024	US-GAAP
Mar, 2025 Guidance	805,000	52,000	26,000	11,000	55.9	104	Nov 6, 2024	US-GAAP
YoY	-1.7%	+51.4%	-25.6%	+35.7%	+35.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	197,323	6,347	6,433	-7,316	-37.2	3.2	Oct 27, 2023	US-GAAP
Oct - Dec, 2023	207,311	5,921	6,475	1,769	9.0	2.9	Feb 5, 2024	US-GAAP
Jan - Mar, 2024	210,776	7,770	3,484	256	1.3	3.7	May 8, 2024	US-GAAP
Apr - Jun, 2024	183,713	6,267	-12,502	-9,626	-48.9	3.4	Aug 2, 2024	US-GAAP
Jul - Sep, 2024	190,925	12,959	12,166	6,308	32.1	6.8	Nov 6, 2024	US-GAAP
YoY	-3.2%	+104.2%	+89.1%	－	－