kabutan

Odawara Engineering Co.,Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 47%

Wed Nov 13, 2024 3:30 pm JST Earnings

6149 Odawara Engineering Co.,Ltd. 【J-GAAP】

Earnings Report

Odawara Engineering Co.,Ltd. <6149> [TSE-S] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) dropped by 47.2% from the same period last year to 846 million yen. The progress rate against the 1.73 billion yen full-year plan was 48.9%, also falling below the five-year average of 61.6%.

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 for the October to December period (4Q) is expected to expand by 67.7% from the same period last year, reaching 884 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit increased by 31.8% from the same period last year, reaching 286 million yen. However, the operating profit margin worsened from 6.6% in the same period last year to 5.9%.

Kabutan News

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 8,945 557 700 518 91.3 62.6 Nov 11, 2022 J-GAAP
Jan - Sep, 2023 10,351 1,474 1,602 1,144 201.3 75.2 Nov 13, 2023 J-GAAP
Jan - Sep, 2024 9,943 781 846 455 80.0 48.9 Nov 13, 2024 J-GAAP
YoY -3.9% -47.0% -47.2% -60.2% -60.3%

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 6,776 699 744 536 94.3 50 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 11,865 1,233 1,170 798 139.8 50 Aug 13, 2024 J-GAAP
YoY +75.1% +76.4% +57.3% +48.9% +48.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 14,086 967 1,118 801 141.2 25 Feb 14, 2023 J-GAAP
Dec, 2023 14,703 2,012 2,129 1,529 268.9 50 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 16,500 1,700 1,730 1,190 208.5 50 Feb 14, 2024 J-GAAP
YoY +12.2% -15.5% -18.7% -22.2% -22.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,424 161 217 151 26.6 6.6 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 4,352 538 527 385 67.7 12.4 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 2,532 306 348 249 43.8 12.1 May 14, 2024 J-GAAP
Apr - Jun, 2024 2,103 161 212 143 25.2 7.7 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 5,308 314 286 63 11.1 5.9 Nov 13, 2024 J-GAAP
YoY +119.0% +95.0% +31.8% -58.3% -58.3%

Related Articles