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OSAKA SODA CO.,LTD., First Half Ordinary Profit Increases by 19%

Fri Nov 8, 2024 4:00 pm JST Earnings

4046 OSAKA SODA CO.,LTD. 【J-GAAP】

Earnings Report

OSAKA SODA CO.,LTD. <4046> [TSE-P] announced its financial results after the market closed on November 8th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 19.4% from the same period last year, reaching 7.18 billion yen. However, The progress rate against the 16.8 billion yen full-year plan was 42.8%, also falling below the five-year average of 50.3%.

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 60.6% from the same period last year, reaching 9.61 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 24.0% from the same period last year, reaching 3.12 billion yen. The operating profit margin drastically improved from 9.0% in the same period last year to 14.0%.

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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 51,915 9,722 10,854 7,505 63.0 63.2 Nov 7, 2022 J-GAAP
Apr - Sep, 2023 46,622 4,917 6,020 4,042 31.8 50.1 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 50,167 6,967 7,185 4,866 38.4 42.8 Nov 8, 2024 J-GAAP
YoY +7.6% +41.7% +19.4% +20.4% +20.7%

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 50,000 7,100 7,600 5,200 41.0 9 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 50,167 6,967 7,185 4,866 38.4 9 Nov 8, 2024 J-GAAP
Revision Rate +0.3% -1.9% -5.5% -6.4% -6.4%

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 47,935 5,575 5,988 3,608 28.4 9 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 52,833 9,033 9,615 6,634 52.7 10 Nov 8, 2024 J-GAAP
YoY +10.2% +62.0% +60.6% +83.9% +85.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 104,208 15,557 17,164 10,570 85.7 18 May 11, 2023 J-GAAP
Mar, 2024 94,557 10,492 12,008 7,650 60.2 18 May 10, 2024 J-GAAP
Mar, 2025 Guidance 103,000 16,000 16,800 11,500 91.4 19 Aug 9, 2024 J-GAAP
YoY +8.9% +52.5% +39.9% +50.3% +51.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 23,429 2,110 2,516 1,638 12.9 9.0 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 23,593 2,682 2,574 1,253 9.9 11.4 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 24,342 2,893 3,414 2,355 18.5 11.9 May 10, 2024 J-GAAP
Apr - Jun, 2024 24,114 3,309 4,065 2,785 22.0 13.7 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 26,053 3,658 3,120 2,081 16.4 14.0 Nov 8, 2024 J-GAAP
YoY +11.2% +73.4% +24.0% +27.0% +27.4%

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