OILES CORPORATION, The Current Fiscal Year Ordinary Profit Revised Upward by 11%

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Fri Nov 8, 2024 3:00 pm JST Earnings

6282 OILES CORPORATION 【J-GAAP】

Earnings Report

OILES CORPORATION <6282> [TSE-P] announced its financial results in the afternoon session on November 8th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 3.88 billion yen, an increase of 30.2% compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 4.5% decrease.

In addition, the full-year consolidated ordinary profit has been revised upward by 10.9%, from the previous forecast of 5.95 billion yen to 6.6 billion yen (compared to 7.79 billion yen in the previous period), and the declining rate is expected to decrease from 23.6% to 15.3%.

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 drop by 43.5% from the same period last year to 2.71 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 50.3% from the same period last year, reaching 2.13 billion yen. The operating profit margin significantly improved from 7.7% in the same period last year to 12.2%.

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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	28,631	1,702	2,175	1,077	34.4	38.0	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	31,228	2,610	2,984	2,057	66.7	38.3	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	33,183	3,616	3,886	2,736	89.6	58.9	Nov 8, 2024	J-GAAP
YoY	+6.3%	+38.5%	+30.2%	+33.0%	+34.5%

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	32,700	2,700	2,850	2,000	65.9	37	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	33,183	3,616	3,886	2,736	89.6	37	Nov 8, 2024	J-GAAP
Revision Rate	+1.5%	+33.9%	+36.4%	+36.8%	+36.0%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	67,700	5,700	5,950	4,200	139.5	75	May 10, 2024	J-GAAP
Mar, 2025 New	67,700	6,200	6,600	4,500	149.5	75	Nov 8, 2024	J-GAAP
Revision Rate	0.0%	+8.8%	+10.9%	+7.1%	+7.1%

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	37,537	4,681	4,807	3,419	111.0	40	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	34,517	2,584	2,714	1,764	58.6	38	Nov 8, 2024	J-GAAP
YoY	-8.0%	-44.8%	-43.5%	-48.4%	-47.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	62,882	5,056	5,730	4,132	132.4	55	May 11, 2023	J-GAAP
Mar, 2024	68,765	7,291	7,791	5,476	177.8	75	May 10, 2024	J-GAAP
Mar, 2025 Guidance	67,700	6,200	6,600	4,500	149.5	75	Nov 8, 2024	J-GAAP
YoY	-1.5%	-15.0%	-15.3%	-17.8%	-15.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	15,725	1,215	1,421	1,199	38.9	7.7	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	17,431	2,041	2,069	1,499	48.6	11.7	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	20,106	2,640	2,738	1,920	62.3	13.1	May 10, 2024	J-GAAP
Apr - Jun, 2024	16,087	1,530	1,750	1,207	39.4	9.5	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	17,096	2,086	2,136	1,529	50.1	12.2	Nov 8, 2024	J-GAAP
YoY	+8.7%	+71.7%	+50.3%	+27.5%	+28.9%