Orchestra Holdings Inc., July-September (3Q) Ordinary Profit Decreases by 25%

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

6533 Orchestra Holdings Inc. 【J-GAAP】

Earnings Report

Orchestra Holdings Inc. <6533> [TSE-P] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 10.0% from the same period last year, reaching 593 million yen. However, The progress rate against the 1 billion yen full-year plan was 59.3%, also falling below the five-year average of 71.4%.

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 71.7% from the same period last year, reaching 407 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 109 million yen, a 24.8% decrease compared to the same period last year. The operating profit margin worsened from 4.8% in the same period last year to 3.3%.

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	7,499	1,058	1,092	600	61.3	78.0	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	8,853	529	539	277	28.3	69.5	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	10,150	608	593	295	30.1	59.3	Nov 14, 2024	J-GAAP
YoY	+14.7%	+14.9%	+10.0%	+6.5%	+6.5%

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	6,323	382	382	272	27.7	10	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	7,270	506	516	301	31.0	11	Aug 14, 2024	J-GAAP
YoY	+15.0%	+32.5%	+35.1%	+10.7%	+11.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	10,377	1,350	1,400	853	87.1	9	Feb 14, 2023	J-GAAP
Dec, 2023	12,109	765	776	474	48.3	10	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	14,000	1,000	1,000	550	56.6	11	Feb 14, 2024	J-GAAP
YoY	+15.6%	+30.7%	+28.9%	+16.0%	+17.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,067	146	145	75	7.7	4.8	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	3,256	236	237	197	20.1	7.2	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	3,390	434	427	235	24.0	12.8	May 15, 2024	J-GAAP
Apr - Jun, 2024	3,340	60	57	14	1.4	1.8	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	3,420	114	109	46	4.7	3.3	Nov 14, 2024	J-GAAP
YoY	+11.5%	-21.9%	-24.8%	-38.7%	-38.6%