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

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 52.5 25 Nov 13, 2024 J-GAAP
YoY 0.0% +34.6% +15.8% -56.3% -55.5%

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 89.6 35 May 14, 2024 J-GAAP
YoY +1.3% +23.7% +11.4% -41.0% -40.0%

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%

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