OAT Agrio Co., Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 32%, July-September Ordinary Profit Decreases by 26%

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Fri Nov 8, 2024 3:30 pm JST Earnings

4979 OAT Agrio Co., Ltd. 【J-GAAP】

Earnings Report

OAT Agrio Co., Ltd. <4979> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) dropped by 32.4% from the same period last year to 2.6 billion yen. The progress rate against the 3 billion yen full-year plan was 87.0%, below the five-year average of 106.2%.

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/loss for the October to December period (4Q) is expected to turn into a profit of 391 million yen (compared to a loss of 57 million yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 340 million yen, a 25.8% decrease compared to the same period last year. However, the operating profit margin significantly improved from 6.7% in the same period last year to 10.4%.

Kabutan News

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	20,892	3,255	3,465	2,285	216.5	102.4	Nov 9, 2022	J-GAAP
Jan - Sep, 2023	22,280	3,648	3,857	2,526	238.8	101.5	Nov 8, 2023	J-GAAP
Jan - Sep, 2024	22,177	2,680	2,609	1,696	164.8	87.0	Nov 8, 2024	J-GAAP
YoY	-0.5%	-26.5%	-32.4%	-32.9%	-31.0%

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	12,624	513	401	213	20.2	55	Feb 13, 2024	J-GAAP
Jul - Dec, 2024 Guidance	13,627	1,148	731	363	35.4	55	Aug 9, 2024	J-GAAP
YoY	+7.9%	+123.8%	+82.3%	+70.4%	+74.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	26,960	3,346	3,385	2,261	214.1	45	Feb 10, 2023	J-GAAP
Dec, 2023	28,988	3,766	3,800	2,488	236.5	55	Feb 13, 2024	J-GAAP
Dec, 2024 Guidance	29,300	3,150	3,000	1,920	187.0	55	Feb 13, 2024	J-GAAP
YoY	+1.1%	-16.4%	-21.1%	-22.8%	-20.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	5,916	395	458	251	23.7	6.7	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	6,708	118	-57	-38	-3.6	1.8	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	8,039	894	1,044	714	69.5	11.1	May 10, 2024	J-GAAP
Apr - Jun, 2024	7,634	1,108	1,225	843	81.9	14.5	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	6,504	678	340	139	13.5	10.4	Nov 8, 2024	J-GAAP
YoY	+9.9%	+71.6%	-25.8%	-44.6%	-43.1%