OKANO VALVE MFG, Last Fiscal Year Ordinary Profit Revised Upward by 29%

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Wed Dec 18, 2024 4:15 pm JST Revision

6492 OKANO VALVE MFG.CO.LTD. 【J-GAAP】

Guidance Update Report

OKANO VALVE MFG.CO.LTD. <6492> [TSE Std] announced a performance revision after the market closed on December 18th (16:15). The consolidated ordinary profit for the fiscal year ending November 2024 has been revised upward 29.4%, from the previous forecast of 980 million yen to 1.26 billion yen (compared to 910 million yen in the previous period), increasing the growth rate from 7.7% to 39.3%.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the June to November period (second half) consolidated ordinary profit has been revised upward 3.0 times, from the previous forecast of 145 million yen to 433 million yen (compared to 652 million yen in the same period of the previous year), and the declining rate is expected to decrease from 77.8% to 33.6%.

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	3,736	118	145	55	34.3	20	Jun 19, 2024	J-GAAP
Jun - Nov, 2024 New	4,399	423	433	496	310.1	20	Dec 18, 2024	J-GAAP
Revision Rate	+17.7%	+258.5%	+198.6%	+801.8%	+803.2%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2024 Prev	7,506	880	980	650	405.7	40	Jun 19, 2024	J-GAAP
Nov, 2024 New	8,169	1,185	1,268	1,091	682.0	40	Dec 18, 2024	J-GAAP
Revision Rate	+8.8%	+34.7%	+29.4%	+67.8%	+68.1%

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	4,331	608	652	460	286.3	30	Jan 12, 2024	J-GAAP
Jun - Nov, 2024 Guidance	4,399	423	433	496	310.1	20	Dec 18, 2024	J-GAAP
YoY	+1.6%	-30.4%	-33.6%	+7.8%	+8.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2022	6,887	488	562	483	290.8	20	Jan 13, 2023	J-GAAP
Nov, 2023	7,407	812	910	697	433.8	30	Jan 12, 2024	J-GAAP
Nov, 2024 Guidance	8,169	1,185	1,268	1,091	682.0	40	Dec 18, 2024	J-GAAP
YoY	+10.3%	+45.9%	+39.3%	+56.5%	+57.2%