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

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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	52.3	10	Nov 8, 2024	J-GAAP
YoY	+10.2%	+62.0%	+60.6%	+83.9%	+84.2%

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	90.6	19	May 10, 2024	J-GAAP
YoY	+8.9%	+52.5%	+39.9%	+50.3%	+50.6%

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%