OPTORUN CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 8%

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Tue Nov 12, 2024 3:30 pm JST Earnings

6235 OPTORUN CO.,LTD. 【J-GAAP】

Earnings Report

OPTORUN CO.,LTD. <6235> [TSE-P] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to 6.96 billion yen, an increase of 30.6% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 7.9%, from the previous forecast of 7.6 billion yen to 8.2 billion yen (compared to 6.05 billion yen in the previous period), increasing the growth rate from 25.6% to 35.5%.

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) is expected to increase by 18.9%, from the previous forecast of 3.18 billion yen to 3.78 billion yen (compared to 1.78 billion yen in the same period of the previous year), increasing the growth rate from 78.0% to 2.1 times.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit surged to 2.4 times that of the same period last year, reaching 2.54 billion yen. The operating profit margin rose from 23.8% in the same period last year to 27.9%.

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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	24,794	6,243	7,747	5,859	135.3	88.4	Nov 10, 2022	J-GAAP
Jan - Sep, 2023	28,933	8,567	5,334	4,098	94.0	88.2	Nov 13, 2023	J-GAAP
Jan - Sep, 2024	25,189	6,318	6,965	5,440	123.8	84.9	Nov 12, 2024	J-GAAP
YoY	-12.9%	-26.3%	+30.6%	+32.7%	+31.7%

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	20,323	3,558	3,183	2,227	52.4	26	Aug 8, 2024	J-GAAP
Jul - Dec, 2024 New	15,323	3,658	3,783	2,827	66.5	26	Nov 12, 2024	J-GAAP
Revision Rate	-24.6%	+2.8%	+18.9%	+26.9%	+26.9%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	37,000	7,500	7,600	5,400	126.9	52	Feb 13, 2024	J-GAAP
Dec, 2024 New	32,000	7,600	8,200	6,000	141.0	52	Nov 12, 2024	J-GAAP
Revision Rate	-13.5%	+1.3%	+7.9%	+11.1%	+11.1%

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	15,883	3,089	1,788	1,161	26.6	50	Feb 13, 2024	J-GAAP
Jul - Dec, 2024 Guidance	15,323	3,658	3,783	2,827	66.5	26	Nov 12, 2024	J-GAAP
YoY	-3.5%	+18.4%	+111.6%	+143.5%	+149.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	34,304	7,448	8,762	6,889	159.0	50	Feb 13, 2023	J-GAAP
Dec, 2023	36,807	9,751	6,051	4,631	106.1	50	Feb 13, 2024	J-GAAP
Dec, 2024 Guidance	32,000	7,600	8,200	6,000	141.0	52	Nov 12, 2024	J-GAAP
YoY	-13.1%	-22.1%	+35.5%	+29.6%	+32.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	8,009	1,905	1,071	628	14.4	23.8	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	7,874	1,184	717	533	12.2	15.0	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	11,298	3,964	4,324	3,283	75.0	35.1	May 13, 2024	J-GAAP
Apr - Jun, 2024	5,379	-22	93	-110	-2.5	-0.4	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	8,512	2,376	2,548	2,267	51.6	27.9	Nov 12, 2024	J-GAAP
YoY	+6.3%	+24.7%	+137.9%	+261.0%	+258.2%