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Oriental Shiraishi Corporation, First Half Ordinary Profit Increases by 66%, July-September Ordinary Profit Increases by 44%

Tue Nov 12, 2024 4:00 pm JST Earnings

1786 Oriental Shiraishi Corporation 【J-GAAP】

Earnings Report

Oriental Shiraishi Corporation <1786> [TSE-P] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 4.06 billion yen, an increase of 65.5% compared to the same period last year. The progress rate against the 5 billion yen full-year plan was 81.2%, also surpassing the five-year average of 43.2%.

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 significant drop by 77.2% from the same period last year to 940 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 43.8% from the same period last year, reaching 1.91 billion yen. The operating profit margin significantly improved from 8.7% in the same period last year to 11.8%.

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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 26,203 1,983 2,115 1,448 12.5 39.0 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 30,742 2,390 2,453 1,674 13.2 37.3 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 33,045 4,018 4,060 2,739 20.7 81.2 Nov 12, 2024 J-GAAP
YoY +7.5% +68.1% +65.5% +63.6% +56.8%

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 － 7 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 33,045 4,018 4,060 2,739 20.7 7 Nov 12, 2024 J-GAAP
Revision Rate － － － － －

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 36,640 4,143 4,127 2,958 22.8 8 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 31,955 982 940 761 5.8 7.50 Nov 12, 2024 J-GAAP
YoY -12.8% -76.3% -77.2% -74.3% -74.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 61,480 5,214 5,427 3,922 33.8 13.50 May 12, 2023 J-GAAP
Mar, 2024 67,382 6,533 6,580 4,632 35.7 14.50 May 13, 2024 J-GAAP
Mar, 2025 Guidance 65,000 5,000 5,000 3,500 26.7 14.50 May 13, 2024 J-GAAP
YoY -3.5% -23.5% -24.0% -24.4% -25.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 15,150 1,314 1,334 899 7.1 8.7 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 18,553 2,679 2,690 1,830 14.2 14.4 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 18,087 1,464 1,437 1,128 8.7 8.1 May 13, 2024 J-GAAP
Apr - Jun, 2024 16,936 2,116 2,142 1,438 10.9 12.5 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 16,109 1,902 1,918 1,301 9.8 11.8 Nov 12, 2024 J-GAAP
YoY +6.3% +44.7% +43.8% +44.7% +38.7%

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