OKABE CO., LTD., The Current Fiscal Year Net Income Revised Downward to a Loss

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Wed Nov 27, 2024 4:00 pm JST Revision

5959 OKABE CO., LTD. 【J-GAAP】

Guidance Update Report

OKABE CO., LTD. <5959> [TSE Prime] announced a performance revision after the market closed on November 27th (16:00). The consolidated net income/loss for the fiscal year ending December 2024 has been revised downward from an expected profit of 2.8 billion yen to a loss of 1 billion yen (compared to a loss of 5.47 billion yen in the previous period), turning to a loss outlook.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the July to December period (second half) consolidated net income/loss has been revised downward from an expected profit of 1.46 billion yen to a loss of 2.33 billion yen (compared to a loss of 5.35 billion yen in the same period of the previous year), turning to a loss outlook.

Kabutan News

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	38,187	2,330	2,466	1,461	31.6	15	Jul 26, 2024	J-GAAP
Jul - Dec, 2024 New	38,187	2,330	2,466	-2,339	-50.6	15	Nov 27, 2024	J-GAAP
Revision Rate	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	70,000	4,100	4,400	2,800	60.6	30	Feb 19, 2024	J-GAAP
Dec, 2024 New	70,000	4,100	4,400	-1,000	-21.6	30	Nov 27, 2024	J-GAAP
Revision Rate	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	40,131	2,040	2,229	-5,356	-115.7	12.50	Feb 19, 2024	J-GAAP
Jul - Dec, 2024 Guidance	38,187	2,330	2,466	-2,339	-50.6	15	Nov 27, 2024	J-GAAP
YoY	-4.8%	+14.2%	+10.6%	+56.3%	+56.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	76,854	5,271	5,471	3,848	81.3	24	Feb 10, 2023	J-GAAP
Dec, 2023	78,152	4,082	4,303	-5,472	-118.2	25	Feb 19, 2024	J-GAAP
Dec, 2024 Guidance	70,000	4,100	4,400	-1,000	-21.6	30	Nov 27, 2024	J-GAAP
YoY	-10.4%	+0.4%	+2.3%	+81.7%	+81.7%