kabutan

ORIENTAL CHAIN MFG. CO., LTD., The Current Fiscal Year Ordinary Profit Revised Downward by 7%

Thu Nov 7, 2024 3:00 pm JST Earnings

6380 ORIENTAL CHAIN MFG. CO., LTD. 【J-GAAP】

Earnings Report

ORIENTAL CHAIN MFG. CO., LTD. <6380> [TSE-S] announced its financial results in the afternoon session on November 7th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 41.7% from the previous period non-consolidated to 74 million yen, fell short of the previous forecast of 115 million yen.

In addition, the full-year consolidated ordinary profit has downwardly by 7.0%, from the previous forecast of 243 million yen to 226 million yen.

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 expand by 65.2% from the previous period non-consolidated to 152 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 6 million yen, a 92.2% decrease compared to the same period last year. The operating profit margin drastically worsened from 6.6% in the same period last year to 2.1%.

Note: Since the current fiscal year, the company has transitioned to consolidated financial statements.

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 1,957 87 115 73 53.3 80.4 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 2,012 107 127 87 63.3 58.0 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 2,000 76 74 40 28.9 32.7 Nov 7, 2024 J-GAAP
YoY -0.6% -29.0% -41.7% -54.0% -54.4%

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 2,082 113 115 74 53.4 15 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 2,000 76 74 40 28.9 15 Nov 7, 2024 J-GAAP
Revision Rate -3.9% -32.7% -35.7% -45.9% -45.9%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 4,183 241 243 157 113.3 30 May 9, 2024 J-GAAP
Mar, 2025 New 4,142 232 226 156 112.6 30 Nov 7, 2024 J-GAAP
Revision Rate -1.0% -3.7% -7.0% -0.6% -0.6%

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 2,070 94 92 62 44.8 15 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 2,142 156 152 116 83.7 15 Nov 7, 2024 J-GAAP
YoY +3.5% +66.0% +65.2% +87.1% +86.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 3,904 116 143 93 67.8 20 May 11, 2023 J-GAAP
Mar, 2024 4,082 201 219 149 107.7 30 May 9, 2024 J-GAAP
Mar, 2025 Guidance 4,142 232 226 156 112.6 30 Nov 7, 2024 J-GAAP
YoY +1.5% +15.4% +3.2% +4.7% +4.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,038 69 77 53 38.6 6.6 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 1,084 51 51 24 17.3 4.7 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 986 43 41 38 27.5 4.4 May 9, 2024 J-GAAP
Apr - Jun, 2024 938 54 68 42 30.8 5.8 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 1,062 22 6 -2 -1.4 2.1 Nov 7, 2024 J-GAAP
YoY +2.3% -68.1% -92.2% － －

Related Articles