O-WELL CORPORATION, First Half Ordinary Profit Increases by 5%, July-September Ordinary Profit Increases by 14%

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Wed Nov 13, 2024 3:00 pm JST Earnings

7670 O-WELL CORPORATION 【J-GAAP】

Earnings Report

O-WELL CORPORATION <7670> [TSE-S] announced its financial results in the afternoon session on November 13th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 5.4% from the same period last year, reaching 544 million yen. However, The progress rate against the 1.35 billion yen full-year plan was 40.3%, almost the same as the five-year average of 38.8%.

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 grow by 15.8% from the same period last year, reaching 806 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 13.6% from the same period last year, reaching 268 million yen. However, the operating profit margin remained almost flat, changing from 1.2% in the same period last year to 1.2%.

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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	29,292	132	326	183	18.0	33.2	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	33,285	375	516	321	31.4	42.6	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	34,241	403	544	373	36.5	40.3	Nov 13, 2024	J-GAAP
YoY	+2.9%	+7.5%	+5.4%	+16.2%	+15.9%

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	34,000	400	550	350	34.2	10	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	34,241	403	544	373	36.5	10	Nov 13, 2024	J-GAAP
Revision Rate	+0.7%	+0.8%	-1.1%	+6.6%	+6.7%

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	37,764	555	696	1,205	118.0	32	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	37,759	747	806	527	51.4	25	Nov 13, 2024	J-GAAP
YoY	0.0%	+34.6%	+15.8%	-56.3%	-56.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	64,329	691	983	650	63.8	27	May 12, 2023	J-GAAP
Mar, 2024	71,049	930	1,212	1,526	149.4	42	May 14, 2024	J-GAAP
Mar, 2025 Guidance	72,000	1,150	1,350	900	87.9	35	May 14, 2024	J-GAAP
YoY	+1.3%	+23.7%	+11.4%	-41.0%	-41.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	16,681	199	236	151	14.8	1.2	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	20,027	439	533	362	35.5	2.2	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	17,737	116	163	843	82.5	0.7	May 14, 2024	J-GAAP
Apr - Jun, 2024	16,940	197	276	169	16.5	1.2	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	17,301	206	268	204	19.9	1.2	Nov 13, 2024	J-GAAP
YoY	+3.7%	+3.5%	+13.6%	+35.1%	+34.8%