OGURA CLUTCH CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Downward by 38%

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Tue Nov 12, 2024 3:00 pm JST Earnings

6408 OGURA CLUTCH CO.,LTD. 【J-GAAP】

Earnings Report

OGURA CLUTCH CO.,LTD. <6408> [TSE-S] announced its financial results in the afternoon session on November 12th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.4 times that of the same period last year, reaching 502 million yen.

However, the full-year consolidated ordinary profit has downwardly by 37.9%, from the previous forecast of 660 million yen to 410 million yen (compared to a loss of 229 million yen in the previous period).

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary loss for the October to March period (second half) is expected to further decrease to loss of 92 million yen (compared to a loss of 440 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 186 million yen (compared to a loss of 30 million yen in the same period last year). The operating profit/loss margin significantly improved from -2.2% in the same period last year to 1.6%.

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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	20,446	-64	443	201	134.6	56.0	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	21,747	-37	211	-52	-35.4	ー	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	22,026	228	502	290	193.9	122.4	Nov 12, 2024	J-GAAP
YoY	+1.3%	－	+137.9%	－	－

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	ー	ー	ー	ー	－	－	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	22,026	228	502	290	193.9	0	Nov 12, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	45,100	710	660	300	200.5	－	May 14, 2024	J-GAAP
Mar, 2025 New	43,500	290	410	180	120.3	－	Nov 12, 2024	J-GAAP
Revision Rate	-3.5%	-59.2%	-37.9%	-40.0%	-40.0%

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	21,744	-283	-440	-546	-364.9	50	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	21,474	62	-92	-110	-73.5	－	Nov 12, 2024	J-GAAP
YoY	-1.2%	－	+79.1%	+79.9%	+79.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	44,201	498	791	509	340.3	50	May 12, 2023	J-GAAP
Mar, 2024	43,491	-320	-229	-598	-399.6	50	May 14, 2024	J-GAAP
Mar, 2025 Guidance	43,500	290	410	180	120.3	－	Nov 12, 2024	J-GAAP
YoY	+0.0%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	10,761	-242	-30	-116	-78.9	-2.2	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	11,043	82	62	-107	-71.6	0.7	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	10,701	-365	-502	-439	-293.4	-3.4	May 14, 2024	J-GAAP
Apr - Jun, 2024	10,807	51	316	512	342.8	0.5	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	11,219	177	186	-222	-148.4	1.6	Nov 12, 2024	J-GAAP
YoY	+4.3%	－	－	-91.4%	-88.2%