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

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 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%

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