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ORO Co.,Ltd., July-September (3Q) Net Income Decreases by 24%, Current Fiscal Year Dividend Revised Upward by 5 yen

Thu Nov 14, 2024 3:30 pm JST Earnings

3983 ORO Co.,Ltd. 【IFRS】

Earnings Report

ORO Co.,Ltd. <3983> [TSE-P] announced its financial results (based on IFRS) after the market closed on November 14th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending December 2024 (January to September) was 1.38 billion yen, a 1.1% increase compared to the same period last year. However, The progress rate against the 1.96 billion yen full-year plan was 70.4%, almost the same as the three-year average of 71.5%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to December period (4Q) is expected to grow by 23.8% from the same period last year, reaching 582 million yen.

At the same time, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 30 yen to 35 yen (compared to 30 yen in the previous period).

In the most recent three-month period, from July to September (3Q), the consolidated net income decreased to 386 million yen, a 24.2% decrease compared to the same period last year. The operating profit margin decreased from 37.6% in the same period last year to 34.3%.

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 4,461 1,529 1,640 1,124 69.8 69.7 Nov 14, 2022 IFRS
Jan - Sep, 2023 5,158 1,880 1,978 1,366 84.7 76.0 Nov 14, 2023 IFRS
Jan - Sep, 2024 5,799 1,990 1,998 1,381 85.6 70.8 Nov 14, 2024 IFRS
YoY +12.4% +5.9% +1.0% +1.1% +1.0%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Prev 4,414 1,473 1,380 968 60.1 30 Aug 14, 2024 IFRS
Jul - Dec, 2024 New 4,414 1,473 1,380 968 60.1 35 Nov 14, 2024 IFRS
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 8,229 2,782 2,824 1,963 122.0 30 Feb 14, 2024 IFRS
Dec, 2024 New 8,229 2,782 2,824 1,963 122.0 35 Nov 14, 2024 IFRS
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
Jul - Dec, 2023 3,752 1,372 1,360 979 60.7 30 Feb 14, 2024 IFRS
Jul - Dec, 2024 Guidance 4,414 1,473 1,380 968 60.1 35 Nov 14, 2024 IFRS
YoY +17.6% +7.4% +1.5% -1.1% -1.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 6,210 2,286 2,352 1,623 100.8 20 Feb 14, 2023 IFRS
Dec, 2023 7,033 2,547 2,602 1,836 113.9 30 Feb 14, 2024 IFRS
Dec, 2024 Guidance 8,229 2,782 2,824 1,963 122.0 35 Nov 14, 2024 IFRS
YoY +17.0% +9.2% +8.5% +6.9% +7.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,877 705 736 509 31.6 37.6 Nov 14, 2023 IFRS
Oct - Dec, 2023 1,875 667 624 470 29.2 35.6 Feb 14, 2024 IFRS
Jan - Mar, 2024 1,920 694 757 521 32.4 36.1 May 14, 2024 IFRS
Apr - Jun, 2024 1,895 615 687 474 29.4 32.5 Aug 14, 2024 IFRS
Jul - Sep, 2024 1,984 681 554 386 23.9 34.3 Nov 14, 2024 IFRS
YoY +5.7% -3.4% -24.7% -24.2% -24.2%

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