OVAL Corporation, July-September (2Q) Ordinary Profit Decreases by 41%, Current Fiscal Year Dividend Revised Upward by 1 yen

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Thu Nov 14, 2024 3:30 pm JST Earnings

7727 OVAL Corporation 【J-GAAP】

Earnings Report

OVAL Corporation <7727> [TSE-S] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 26.8% from the same period last year to 624 million yen. The progress rate against the 1.4 billion yen full-year plan was 44.6%, almost the same as the five-year average of 46.3%.

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 7.8% from the same period last year, reaching 776 million yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 15 yen to 16 yen (compared to 14 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 417 million yen, a 40.9% decrease compared to the same period last year. The operating profit margin decreased from 16.6% in the same period last year to 12.5%.

Kabutan News

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	6,140	474	569	294	13.2	46.3	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	6,976	798	852	550	24.6	54.2	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	7,128	689	624	422	18.9	44.6	Nov 14, 2024	J-GAAP
YoY	+2.2%	-13.7%	-26.8%	-23.3%	-23.2%

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	ー	ー	ー	ー	－	7	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	7,128	689	624	422	18.9	7	Nov 14, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	14,000	1,300	1,400	880	39.3	15	May 15, 2024	J-GAAP
Mar, 2025 New	14,000	1,300	1,400	880	39.3	16	Nov 14, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	7,371	677	720	552	24.6	7	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	6,872	611	776	458	20.4	9	Nov 14, 2024	J-GAAP
YoY	-6.8%	-9.7%	+7.8%	-17.0%	-17.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	13,312	1,105	1,228	649	29.0	9	May 15, 2023	J-GAAP
Mar, 2024	14,347	1,475	1,572	1,102	49.2	14	May 15, 2024	J-GAAP
Mar, 2025 Guidance	14,000	1,300	1,400	880	39.3	16	Nov 14, 2024	J-GAAP
YoY	-2.4%	-11.9%	-10.9%	-20.1%	-20.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,118	685	706	477	21.3	16.6	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	3,580	465	461	293	13.1	13.0	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	3,791	212	259	259	11.6	5.6	May 15, 2024	J-GAAP
Apr - Jun, 2024	3,299	209	207	140	6.3	6.3	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	3,829	480	417	282	12.6	12.5	Nov 14, 2024	J-GAAP
YoY	-7.0%	-29.9%	-40.9%	-40.9%	-40.8%