Ota Floriculture Auction Co.,Ltd., July-September (2Q) Ordinary Profit Increases by 6%

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Fri Nov 8, 2024 2:30 pm JST Earnings

7555 Ota Floriculture Auction Co.,Ltd. 【J-GAAP】

Earnings Report

Ota Floriculture Auction Co.,Ltd. <7555> [TSE-S] announced its financial results in the afternoon session on November 8th (14:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 8.1% from the same period last year to 124 million yen. The progress rate against the 287 million yen full-year plan was 43.2%, almost the same as the five-year average of 45.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 10.1% from the same period last year, reaching 163 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 5.8% from the same period last year, reaching 91 million yen. The operating profit margin improved from 6.0% in the same period last year to 7.7%.

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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	2,166	164	188	127	25.1	44.9	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	2,087	94	135	94	18.5	47.7	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	1,852	83	124	83	16.3	43.2	Nov 8, 2024	J-GAAP
YoY	-11.3%	-11.7%	-8.1%	-11.7%	-11.8%

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	－	0	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	1,852	83	124	83	16.3	0	Nov 8, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	2,057	126	148	88	17.3	12	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,913	129	163	120	23.6	12	Nov 8, 2024	J-GAAP
YoY	-7.0%	+2.4%	+10.1%	+36.4%	+36.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	4,285	304	419	306	60.2	15	May 12, 2023	J-GAAP
Mar, 2024	4,144	220	283	182	35.8	12	May 10, 2024	J-GAAP
Mar, 2025 Guidance	3,765	212	287	203	39.9	12	Jul 31, 2024	J-GAAP
YoY	-9.1%	-3.6%	+1.4%	+11.5%	+11.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,163	70	86	61	12.0	6.0	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	1,087	80	94	66	13.0	7.4	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	970	46	54	22	4.3	4.7	May 10, 2024	J-GAAP
Apr - Jun, 2024	843	5	33	20	4.1	0.6	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	1,009	78	91	63	12.4	7.7	Nov 8, 2024	J-GAAP
YoY	-13.2%	+11.4%	+5.8%	+3.3%	+3.2%