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ODAWARA AUTO-MACHINE MFG.CO.,LTD., January-September (Third Quarter Cumulative) Ordinary Profit Turns to Profit, Exceeds Full-Year Plan

Wed Nov 13, 2024 3:00 pm JST Earnings

7314 ODAWARA AUTO-MACHINE MFG.CO.,LTD. 【J-GAAP】

Earnings Report

ODAWARA AUTO-MACHINE MFG.CO.,LTD. <7314> [TSE-S] announced its financial results in the afternoon session on November 13th (15:00). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) turned into a profit of 219 million yen (compared to a loss of 435 million yen in the same period last year). The progress rate against the full-year plan of 216 million yen is 101.4%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to December period (4Q) is expected to turn into a loss of 3 million yen (compared to a profit of 656 million yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit/loss turned to a profit of profit of 98 million yen (compared to a loss of 199 million yen in the same period last year). The operating profit/loss margin drastically improved from -47.5% in the same period last year to 6.8%.

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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 3,335 -83 -73 -138 -44.4 Nov 14, 2022 J-GAAP
Jan - Sep, 2023 1,623 -446 -435 -429 -136.7 Nov 13, 2023 J-GAAP
Jan - Sep, 2024 3,752 223 219 166 52.6 101.4 Nov 13, 2024 J-GAAP
YoY +131.2%

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 2,728 455 457 436 139.2 26 Feb 13, 2024 J-GAAP
Jul - Dec, 2024 Guidance 3,373 121 95 54 17.0 26 Aug 9, 2024 J-GAAP
YoY +23.6% -73.4% -79.2% -87.6% -87.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 4,687 25 30 -42 -13.6 15 Feb 13, 2023 J-GAAP
Dec, 2023 3,930 209 221 191 61.0 26 Feb 13, 2024 J-GAAP
Dec, 2024 Guidance 5,648 244 216 144 45.4 26 Feb 13, 2024 J-GAAP
YoY +43.7% +16.7% -2.3% -24.6% -25.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 421 -200 -199 -184 -58.6 -47.5 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 2,307 655 656 620 198.0 28.4 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 1,314 113 112 88 28.0 8.6 May 13, 2024 J-GAAP
Apr - Jun, 2024 961 10 9 2 0.6 1.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,477 100 98 76 24.1 6.8 Nov 13, 2024 J-GAAP
YoY +250.8%

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