OIE SANGYO CO.,LTD., First Half Ordinary Profit Increases by 12%, July-September Ordinary Profit Increases by 24%

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Mon Nov 11, 2024 3:30 pm JST Earnings

7481 OIE SANGYO CO.,LTD. 【J-GAAP】

Earnings Report

OIE SANGYO CO.,LTD. <7481> [TSE-S] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 12.0% from the previous period non-consolidated to 1.96 billion yen. The progress rate against the 3.51 billion yen full-year plan was 55.9%, almost the same as the five-year average of 58.3%.

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 grow by 2.3% from the same period last year, reaching 1.54 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 23.6% from the same period last year, reaching 1.06 billion yen. The operating profit margin improved from 3.0% in the same period last year to 3.6%.

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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	44,479	658	678	573	63.4	38.5	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	54,549	1,728	1,752	1,171	129.5	53.7	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	58,323	1,944	1,962	1,515	183.0	55.9	Nov 11, 2024	J-GAAP
YoY	+6.9%	+12.5%	+12.0%	+29.4%	+41.3%

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	58,300	1,940	1,960	1,510	182.2	45	Nov 8, 2024	J-GAAP
Apr - Sep, 2024 Results	58,323	1,944	1,962	1,515	183.0	45	Nov 11, 2024	J-GAAP
Revision Rate	+0.0%	+0.2%	+0.1%	+0.3%	+0.5%

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	56,826	1,515	1,513	1,884	212.4	60	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	60,377	1,476	1,548	915	110.4	45	Nov 11, 2024	J-GAAP
YoY	+6.2%	-2.6%	+2.3%	-51.4%	-48.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	94,833	1,692	1,760	1,633	180.6	30	May 12, 2023	J-GAAP
Mar, 2024	111,375	3,243	3,265	3,055	344.4	90	May 10, 2024	J-GAAP
Mar, 2025 Guidance	118,700	3,420	3,510	2,430	293.2	90	May 10, 2024	J-GAAP
YoY	+6.6%	+5.5%	+7.5%	-20.5%	-14.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	27,919	847	860	583	64.5	3.0	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	30,449	824	837	563	62.2	2.7	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	26,377	691	676	1,321	148.9	2.6	May 10, 2024	J-GAAP
Apr - Jun, 2024	28,512	885	899	791	95.6	3.1	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	29,811	1,059	1,063	724	87.5	3.6	Nov 11, 2024	J-GAAP
YoY	+6.8%	+25.0%	+23.6%	+24.2%	+35.7%