ONDECK, Last Fiscal Year Ordinary Profit Revised Upward by 56%, Exceeded Record Profit Forecast

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Tue Dec 17, 2024 3:30 pm JST Revision

7360 ONDECK Co., Ltd. 【J-GAAP】

Guidance Update Report

ONDECK Co., Ltd. <7360> [TSE Growth] announced a performance revision after the market closed on December 17th (15:30). The ordinary profit (non-consolidated) for the fiscal year ending November 2024 has been revised upward 56.2%, from the previous forecast of 235 million yen to 367 million yen (compared to a loss of 199 million yen in the previous period). The company has further increased its previous forecast of record profits for the first time in two years.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the June to November period (second half) ordinary profit is expected to increase 76.7%, from the previous forecast of 172 million yen to 304 million yen (compared to a loss of 20 million yen in the same period of the previous year).

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2024 Prev	1,039	173	172	123	47.1	0	Jul 12, 2024	J-GAAP
Jun - Nov, 2024 New	1,062	305	304	197	75.6	0	Dec 17, 2024	J-GAAP
Revision Rate	+2.2%	+76.3%	+76.7%	+60.2%	+60.6%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2024 Prev	1,642	235	235	165	63.1	0	Jan 12, 2024	J-GAAP
Nov, 2024 New	1,665	367	367	239	91.7	0	Dec 17, 2024	J-GAAP
Revision Rate	+1.4%	+56.2%	+56.2%	+44.8%	+45.3%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2023	558	-21	-20	-30	-10.9	0	Jan 12, 2024	J-GAAP
Jun - Nov, 2024 Guidance	1,062	305	304	197	75.6	0	Dec 17, 2024	J-GAAP
YoY	+90.3%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2022	1,339	213	213	151	52.8	0	Jan 13, 2023	J-GAAP
Nov, 2023	826	-200	-199	-152	-55.0	0	Jan 12, 2024	J-GAAP
Nov, 2024 Guidance	1,665	367	367	239	91.7	0	Dec 17, 2024	J-GAAP
YoY	+101.6%	－	－	－	－