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

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%.

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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 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%

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