OTANI KOGYO CO.,LTD., First Half Ordinary Profit Increases by 68%

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Tue Nov 12, 2024 3:30 pm JST Earnings

5939 OTANI KOGYO CO.,LTD. 【J-GAAP】

Earnings Report

OTANI KOGYO CO.,LTD. <5939> [TSE-S] announced its financial results after the market closed on November 12th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 302 million yen, an increase of 67.8% compared to the same period last year, exceeded the previous forecast of 250 million yen.

The progress rate against the 380 million yen full-year plan was 79.5%, also surpassing the five-year average of 54.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to significant drop by 68.3% from the same period last year to 78 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit increased by 61.6% from the same period last year, reaching 118 million yen. The operating profit margin improved from 3.8% in the same period last year to 5.8%.

Kabutan News

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	3,316	123	127	89	114.8	49.4	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	3,807	176	180	123	158.2	42.3	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	3,978	300	302	211	271.0	79.5	Nov 12, 2024	J-GAAP
YoY	+4.5%	+70.5%	+67.8%	+71.5%	+71.3%

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	3,980	250	250	180	231.0	0	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	3,978	300	302	211	271.0	0	Nov 12, 2024	J-GAAP
Revision Rate	-0.1%	+20.0%	+20.8%	+17.2%	+17.3%

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	4,104	244	246	211	271.3	30	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	3,722	80	78	59	75.7	30	Nov 12, 2024	J-GAAP
YoY	-9.3%	-67.2%	-68.3%	-72.0%	-72.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	7,189	250	257	173	223.2	30	May 9, 2023	J-GAAP
Mar, 2024	7,911	420	426	334	429.4	30	May 14, 2024	J-GAAP
Mar, 2025 Guidance	7,700	380	380	270	346.5	30	May 14, 2024	J-GAAP
YoY	-2.7%	-9.5%	-10.8%	-19.2%	-19.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,871	71	73	38	48.9	3.8	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	2,170	159	161	133	171.0	7.3	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	1,934	85	85	78	100.3	4.4	May 14, 2024	J-GAAP
Apr - Jun, 2024	1,953	183	184	128	164.9	9.4	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	2,025	117	118	83	106.6	5.8	Nov 12, 2024	J-GAAP
YoY	+8.2%	+64.8%	+61.6%	+118.4%	+118.2%