Origin Company, Limited, First Half Ordinary Profit Turns to Profit

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Tue Nov 12, 2024 5:00 pm JST Earnings

6513 Origin Company, Limited 【J-GAAP】

Earnings Report

Origin Company, Limited <6513> [TSE-S] announced its financial results after the market closed on November 12th (17:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 207 million yen (compared to a loss of 70 million yen in the same period last year). However, The progress rate against the 700 million yen full-year plan was 29.6%, also falling below the five-year average of 70.4%.

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 surge by 4.4 times that of the same period last year, reaching 493 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss improved to a deficit of loss of 62 million yen (compared to a loss of 130 million yen in the same period last year). The operating profit/loss margin significantly improved from -3.4% in the same period last year to 0.7%.

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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	17,820	736	1,643	1,022	167.3	112.5	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	13,810	-451	-70	-449	-77.0	ー	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	14,038	69	207	-77	-14.2	29.6	Nov 12, 2024	J-GAAP
YoY	+1.7%	－	－	+82.9%	+81.6%

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	－	20	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	14,038	69	207	-77	-14.2	20	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	14,395	-132	112	-1,019	-177.1	15	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	15,962	281	493	277	51.8	20	Nov 12, 2024	J-GAAP
YoY	+10.9%	－	+340.2%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	32,036	574	1,461	365	60.7	40	May 12, 2023	J-GAAP
Mar, 2024	28,205	-583	42	-1,468	-255.1	30	May 13, 2024	J-GAAP
Mar, 2025 Guidance	30,000	350	700	200	37.4	40	May 13, 2024	J-GAAP
YoY	+6.4%	－	+1,566.7%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	7,122	-242	-130	-280	-48.0	-3.4	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	7,234	-113	-50	-175	-30.2	-1.6	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	7,161	-19	162	-844	-146.7	-0.3	May 13, 2024	J-GAAP
Apr - Jun, 2024	7,104	20	269	19	3.5	0.3	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	6,934	49	-62	-96	-17.7	0.7	Nov 12, 2024	J-GAAP
YoY	-2.6%	－	+52.3%	+65.7%	+63.2%