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STORAGE-OH, The Current Fiscal Year Net Income Revised Downward to an Unexpected 44% Decrease
2997 STORAGE-OH Co.,Ltd. 【J-GAAP】
Guidance Update ReportSTORAGE-OH Co.,Ltd. <2997> [TSE Growth] announced a performance revision after the market closed on December 23rd (15:30). The net income (non-consolidated) for the fiscal year ending January 2025 has decreased 53.1%, from the previous forecast of 130 million yen to 61 million yen (compared to 109 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 44.0% decrease in profit. However, the full-year operating profit has been revised upward 1.2%, from the previous forecast of 170 million yen to 172 million yen (compared to 151 million yen in the previous period), increasing the growth rate from 12.6% to 13.9%. The company has further increased its previous forecast of record profits for the first time in two years.
Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the August to January period (2H) net income has decreased 28.3%, from the previous forecast of 244 million yen to 175 million yen (compared to 211 million yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 17.1% decrease in profit.
Kabutan News
Guidance Update
Second Half Update
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Aug - Jan, 2024 Prev | 3,240 | 278 | 277 | 244 | 132.1 | 0 | Aug 19, 2024 | J-GAAP |
Aug - Jan, 2024 New | 3,690 | 280 | 277 | 175 | 94.8 | 0 | Dec 23, 2024 | J-GAAP |
Revision Rate | +13.9% | +0.7% | 0.0% | -28.3% | -28.3% |
Full Year Update
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Jan, 2025 Prev | 3,800 | 170 | 172 | 130 | 70.4 | 0 | Mar 15, 2024 | J-GAAP |
Jan, 2025 New | 4,250 | 172 | 172 | 61 | 33.0 | 0 | Dec 23, 2024 | J-GAAP |
Revision Rate | +11.8% | +1.2% | 0.0% | -53.1% | -53.1% |
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 | 2,884 | 261 | 264 | 211 | 115.2 | 0 | Mar 15, 2024 | J-GAAP |
Aug - Jan, 2024 Guidance | 3,690 | 280 | 277 | 175 | 94.8 | 0 | Dec 23, 2024 | J-GAAP |
YoY | +27.9% | +7.3% | +4.9% | -17.1% | -17.8% |
Current Period Guidance
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Jan, 2023 | 3,065 | 153 | 148 | 102 | 58.2 | 0 | Mar 16, 2023 | J-GAAP |
Jan, 2024 | 3,325 | 151 | 157 | 109 | 59.5 | 0 | Mar 15, 2024 | J-GAAP |
Jan, 2025 Guidance | 4,250 | 172 | 172 | 61 | 33.0 | 0 | Dec 23, 2024 | J-GAAP |
YoY | +27.8% | +13.9% | +9.6% | -44.0% | -44.5% |
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