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

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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	ー	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	1,623	-446	-435	-429	-136.7	ー	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%	－	－	－	－