OYO Corporation, The Current Fiscal Year Ordinary Profit Revised Upward by 8%, Dividend Revised Upward by 10 yen

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Mon Nov 11, 2024 2:00 pm JST Earnings

9755 OYO Corporation 【J-GAAP】

Earnings Report

OYO Corporation <9755> [TSE-P] announced its financial results in the afternoon session on November 11th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to 3.98 billion yen, an increase of 93.8% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 7.5%, from the previous forecast of 4 billion yen to 4.3 billion yen (compared to 3.59 billion yen in the previous period), increasing the growth rate from 11.3% to 19.6%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) has been revised upward by 24.3%, from the previous forecast of 1.23 billion yen to 1.53 billion yen (compared to 2.31 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 46.5% to 33.6%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 58 yen to 68 yen (compared to 58 yen in the previous period).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit increased by 58.0% from the same period last year, reaching 1.22 billion yen. The operating profit margin improved from 3.0% in the same period last year to 4.9%.

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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	41,881	1,394	1,682	1,030	41.4	56.7	Nov 11, 2022	J-GAAP
Jan - Sep, 2023	46,750	1,539	2,057	1,747	72.9	57.2	Nov 10, 2023	J-GAAP
Jan - Sep, 2024	53,835	3,279	3,987	2,814	119.2	92.7	Nov 11, 2024	J-GAAP
YoY	+15.2%	+113.1%	+93.8%	+61.1%	+63.5%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	31,430	1,160	1,236	635	27.2	29	Aug 9, 2024	J-GAAP
Jul - Dec, 2024 New	38,430	1,160	1,536	935	40.1	39	Nov 11, 2024	J-GAAP
Revision Rate	+22.3%	0.0%	+24.3%	+47.2%	+47.3%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	66,000	3,500	4,000	2,600	111.5	58	Feb 9, 2024	J-GAAP
Dec, 2024 New	73,000	3,500	4,300	2,900	124.4	68	Nov 11, 2024	J-GAAP
Revision Rate	+10.6%	0.0%	+7.5%	+11.5%	+11.5%

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	36,669	1,832	2,312	2,812	117.4	33	Feb 9, 2024	J-GAAP
Jul - Dec, 2024 Guidance	38,430	1,160	1,536	935	40.1	39	Nov 11, 2024	J-GAAP
YoY	+4.8%	-36.7%	-33.6%	-66.7%	-65.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	59,011	2,454	2,969	1,808	73.1	48	Feb 10, 2023	J-GAAP
Dec, 2023	65,602	2,842	3,595	4,006	167.2	58	Feb 9, 2024	J-GAAP
Dec, 2024 Guidance	73,000	3,500	4,300	2,900	124.4	68	Nov 11, 2024	J-GAAP
YoY	+11.3%	+23.2%	+19.6%	-27.6%	-25.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	17,817	529	774	553	23.1	3.0	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	18,852	1,303	1,538	2,259	94.3	6.9	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	18,211	2,017	2,255	1,610	67.5	11.1	May 14, 2024	J-GAAP
Apr - Jun, 2024	16,359	323	509	355	14.9	2.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	19,265	939	1,223	849	36.0	4.9	Nov 11, 2024	J-GAAP
YoY	+8.1%	+77.5%	+58.0%	+53.5%	+55.8%