Oenon Holdings, Inc., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 17%, Current Fiscal Year Dividend Revised Upward by 2 yen

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Thu Nov 7, 2024 3:30 pm JST Earnings

2533 Oenon Holdings, Inc. 【J-GAAP】

Earnings Report

Oenon Holdings, Inc. <2533> [TSE-P] announced its financial results after the market closed on November 7th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 17.3% from the same period last year to 2.16 billion yen. The progress rate against the 3 billion yen full-year plan was 72.1%, which was higher than the five-year average of 65.3%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to decrease by 23.0% from the same period last year to 838 million yen.

At the same time, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 8 yen to 10 yen (compared to 8 yen in the previous period).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 455 million yen, a 11.3% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 2.6% in the same period last year to 2.4%.

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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	57,992	-869	-799	-1,351	-22.7	ー	Nov 4, 2022	J-GAAP
Jan - Sep, 2023	62,108	2,530	2,614	2,058	35.4	70.6	Nov 7, 2023	J-GAAP
Jan - Sep, 2024	60,466	2,063	2,162	1,613	27.9	72.1	Nov 7, 2024	J-GAAP
YoY	-2.6%	-18.5%	-17.3%	-21.6%	-21.0%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	44,761	1,428	1,293	734	12.9	8	Aug 7, 2024	J-GAAP
Jul - Dec, 2024 New	44,761	1,428	1,293	734	12.9	10	Nov 7, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	85,000	3,000	3,000	2,000	35.1	8	Feb 9, 2024	J-GAAP
Dec, 2024 New	85,000	3,000	3,000	2,000	35.1	10	Nov 7, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	42,290	1,556	1,601	1,675	28.8	8	Feb 9, 2024	J-GAAP
Jul - Dec, 2024 Guidance	44,761	1,428	1,293	734	12.9	10	Nov 7, 2024	J-GAAP
YoY	+5.8%	-8.2%	-19.2%	-56.2%	-55.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	81,120	-707	-645	-1,257	-21.2	5	Feb 10, 2023	J-GAAP
Dec, 2023	84,947	3,585	3,702	3,393	58.3	8	Feb 9, 2024	J-GAAP
Dec, 2024 Guidance	85,000	3,000	3,000	2,000	35.1	10	Nov 7, 2024	J-GAAP
YoY	+0.1%	-16.3%	-19.0%	-41.1%	-39.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	19,451	501	513	340	5.8	2.6	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	22,839	1,055	1,088	1,335	22.9	4.6	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	18,827	624	673	498	8.6	3.3	May 10, 2024	J-GAAP
Apr - Jun, 2024	21,412	948	1,034	768	13.2	4.4	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	20,227	491	455	347	6.0	2.4	Nov 7, 2024	J-GAAP
YoY	+4.0%	-2.0%	-11.3%	+2.1%	+2.9%