OKUMURA CORPORATION, The Current Fiscal Year Ordinary Profit Revised Downward by 47%, Dividend Revised down by 43 yen

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Tue Nov 12, 2024 11:00 am JST Revision

1833 OKUMURA CORPORATION 【J-GAAP】

Guidance Update Report

OKUMURA CORPORATION <1833> [TSE-P] announced a revision to its performance and dividend in the morning on November 12th (11:00). The consolidated ordinary profit for the fiscal year ending March 2025 has downwardly by 47.2%, from the previous forecast of 14.2 billion yen to 7.5 billion yen (compared to 14.8 billion yen in the previous period), leading to an increase in the profit decline rate from 4.6% to 49.6%.

At the same time, the April to September period (first half) consolidated ordinary profit has downwardly by 75.4%, from the previous forecast of 6.5 billion yen to 1.6 billion yen (compared to 7.18 billion yen in the same period of the previous year), leading to an increase in the profit decline rate from 9.5% to 77.7%.

Due to a decline in performance, the company has reduced its planned annual dividend for the current fiscal year from the original plan of 243 yen to 200 yen (compared to 237 yen in the previous period).

Kabutan News

Guidance Update

First Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Prev	155,200	6,000	6,500	5,600	152.0	113	May 13, 2024	J-GAAP
Apr - Sep, 2024 New	139,330	1,490	1,600	2,020	54.8	113	Nov 12, 2024	J-GAAP
Revision Rate	-10.2%	-75.2%	-75.4%	-63.9%	-63.9%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	306,900	13,500	14,200	12,600	342.0	243	May 13, 2024	J-GAAP
Mar, 2025 New	296,000	7,400	7,500	8,550	232.1	200	Nov 12, 2024	J-GAAP
Revision Rate	-3.6%	-45.2%	-47.2%	-32.1%	-32.1%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	135,660	6,455	7,180	5,707	155.0	77	Nov 13, 2023	J-GAAP
Apr - Sep, 2024 Guidance	139,330	1,490	1,600	2,020	54.8	113	Nov 12, 2024	J-GAAP
YoY	+2.7%	-76.9%	-77.7%	-64.6%	-64.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	249,442	11,847	12,908	11,261	306.1	223	May 12, 2023	J-GAAP
Mar, 2024	288,146	13,708	14,878	12,493	339.3	237	May 13, 2024	J-GAAP
Mar, 2025 Guidance	296,000	7,400	7,500	8,550	232.1	200	Nov 12, 2024	J-GAAP
YoY	+2.7%	-46.0%	-49.6%	-31.6%	-31.6%