OTEC CORPORATION, First Half Ordinary Profit Increases by 26%, July-September Ordinary Profit Increases by 29%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Fri Nov 8, 2024 3:30 pm JST Earnings

1736 OTEC CORPORATION 【J-GAAP】

Earnings Report

OTEC CORPORATION <1736> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 25.7% from the same period last year, reaching 813 million yen. However, The progress rate against the 3.1 billion yen full-year plan was 26.2%, almost the same as the five-year average of 28.7%.

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 expand by 49.9% from the same period last year, reaching 2.28 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 28.9% from the same period last year, reaching 674 million yen. The operating profit margin improved from 7.9% in the same period last year to 9.6%.

Kabutan News

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	10,333	174	228	54	10.5	11.2	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	12,114	556	647	333	65.2	29.8	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	12,374	695	813	491	95.8	26.2	Nov 8, 2024	J-GAAP
YoY	+2.1%	+25.0%	+25.7%	+47.4%	+46.9%

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 13, 2024	J-GAAP
Apr - Sep, 2024 Results	12,374	695	813	491	95.8	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	17,260	1,470	1,526	1,053	206.1	125	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	17,626	2,305	2,287	1,509	292.3	130	Nov 8, 2024	J-GAAP
YoY	+2.1%	+56.8%	+49.9%	+43.3%	+41.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	26,138	1,953	2,038	1,246	238.8	85	May 12, 2023	J-GAAP
Mar, 2024	29,374	2,026	2,173	1,386	271.2	125	May 13, 2024	J-GAAP
Mar, 2025 Guidance	30,000	3,000	3,100	2,000	387.4	130	May 13, 2024	J-GAAP
YoY	+2.1%	+48.1%	+42.7%	+44.3%	+42.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	6,492	512	523	316	61.8	7.9	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	8,336	1,002	1,030	620	121.4	12.0	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	8,924	468	496	433	84.7	5.2	May 13, 2024	J-GAAP
Apr - Jun, 2024	5,668	54	139	48	9.5	1.0	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	6,706	641	674	443	86.4	9.6	Nov 8, 2024	J-GAAP
YoY	+3.3%	+25.2%	+28.9%	+40.2%	+39.7%