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OKUMURA ENGINEERING corp., First Half Ordinary Profit Increases by 38%, July-September Ordinary Profit Increases by 82%

Thu Nov 14, 2024 3:30 pm JST Earnings

6229 OKUMURA ENGINEERING corp. 【J-GAAP】

Earnings Report

OKUMURA ENGINEERING corp. <6229> [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) expanded to 462 million yen, an increase of 37.9% compared to the same period last year. The progress rate against the 820 million yen full-year plan was 56.3%, also surpassing the four-year average of 47.0%.

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 decrease by 13.5% from the same period last year to 358 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 81.9% from the same period last year, reaching 131 million yen. The operating profit margin significantly improved from 2.4% in the same period last year to 6.4%.

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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 4,239 305 369 224 49.7 42.4 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 4,446 288 335 231 51.1 44.7 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 5,060 476 462 323 71.5 56.3 Nov 14, 2024 J-GAAP
YoY +13.8% +65.3% +37.9% +39.8% +39.9%

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 5,250 505 515 365 80.7 0 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 5,060 476 462 323 71.5 0 Nov 14, 2024 J-GAAP
Revision Rate -3.6% -5.7% -10.3% -11.5% -11.4%

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 5,038 379 414 280 61.9 40 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 5,090 309 358 237 52.3 40 Nov 14, 2024 J-GAAP
YoY +1.0% -18.5% -13.5% -15.4% -15.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 9,164 823 870 767 169.8 40 May 15, 2023 J-GAAP
Mar, 2024 9,484 667 749 511 113.0 40 May 15, 2024 J-GAAP
Mar, 2025 Guidance 10,150 785 820 560 123.5 40 May 15, 2024 J-GAAP
YoY +7.0% +17.7% +9.5% +9.6% +9.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,217 54 72 52 11.5 2.4 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 2,597 283 257 196 43.4 10.9 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 2,441 96 157 84 18.6 3.9 May 15, 2024 J-GAAP
Apr - Jun, 2024 2,359 303 331 234 51.8 12.8 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 2,701 173 131 89 19.7 6.4 Nov 14, 2024 J-GAAP
YoY +21.8% +220.4% +81.9% +71.2% +71.3%

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