OM2Network, Feb-Oct (Third Quarter Cumulative) Ordinary Profit Decreases by 11%

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Fri Dec 13, 2024 3:30 pm JST Earnings

7614 OM2Network Co.,Ltd. 【J-GAAP】

Earnings Report

OM2Network Co.,Ltd. <7614> [TSE Std] announced its financial results after the market closed on December 13th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending January 2025 (February to October) decreased 11.1% from the same period last year to 1.16 billion yen. The progress rate toward the full-year plan of 1.57 billion yen was 74.3%, which was higher than the five-year average of 63.6%.

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 November to January period (4Q) is expected to drop 34.6% from the same period last year to 404 million yen.

In the most recent three-month period, from August to October (3Q), the consolidated ordinary profit decreased to 363 million yen, a 10.6% decrease compared to the same period last year. The operating profit margin worsened from 4.9% in the same period last year to 3.5%.

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
Feb - Oct, 2022	23,017	892	923	606	90.1	61.3	Dec 13, 2022	J-GAAP
Feb - Oct, 2023	23,532	1,284	1,311	919	136.6	68.0	Dec 13, 2023	J-GAAP
Feb - Oct, 2024	23,831	1,002	1,166	760	113.3	74.3	Dec 13, 2024	J-GAAP
YoY	+1.3%	-22.0%	-11.1%	-17.3%	-17.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug - Jan, 2023	16,409	978	1,024	761	113.2	30	Mar 14, 2024	J-GAAP
Aug - Jan, 2024 Guidance	16,374	797	767	425	63.6	30	Sep 13, 2024	J-GAAP
YoY	-0.2%	-18.5%	-25.1%	-44.2%	-43.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan, 2023	31,541	1,500	1,506	886	131.8	24	Mar 14, 2023	J-GAAP
Jan, 2024	32,109	1,876	1,929	1,335	198.5	30	Mar 14, 2024	J-GAAP
Jan, 2025 Guidance	32,300	1,520	1,570	940	140.7	30	Mar 14, 2024	J-GAAP
YoY	+0.6%	-19.0%	-18.6%	-29.6%	-29.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Aug - Oct, 2023	7,832	386	406	345	51.3	4.9	Dec 13, 2023	J-GAAP
Nov - Jan, 2023	8,577	592	618	416	61.9	6.9	Mar 14, 2024	J-GAAP
Feb - Apr, 2024	8,025	486	533	353	52.6	6.1	Jun 13, 2024	J-GAAP
May - Jul, 2024	7,901	237	270	162	24.1	3.0	Sep 13, 2024	J-GAAP
Aug - Oct, 2024	7,905	279	363	245	36.5	3.5	Dec 13, 2024	J-GAAP
YoY	+0.9%	-27.7%	-10.6%	-29.0%	-28.7%