OKUWA, Mar-Nov (Cumulative 3Q) Net Income Turns to Loss, Sep-Nov Net Income Turns to Loss

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Fri Dec 27, 2024 3:30 pm JST Earnings

8217 OKUWA CO., LTD. 【J-GAAP】

Earnings Report

OKUWA CO., LTD. <8217> [TSE Prime] announced its financial results after the market closed on December 27th (15:30). The consolidated net income/loss for the cumulative third quarter of the fiscal year ending February 2025 (March to November) turned into a loss of 114 million yen (compared to a profit of 662 million yen in the same period last year).

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the December to February period (4Q) is expected to expand 96.4% from the same period last year, reaching 664 million yen.

In the most recent three-month period, from September to November (3Q), the consolidated net income/loss turned to a loss of 201 million yen (compared to a profit of 263 million yen in the same period last year). The operating profit/loss margin worsened from 0.8% in the same period last year to -0.2%.

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
Mar - Nov, 2022	181,529	1,350	1,531	794	18.1	48.6	Dec 27, 2022	J-GAAP
Mar - Nov, 2023	182,636	1,193	1,327	662	15.1	42.8	Dec 27, 2023	J-GAAP
Mar - Nov, 2024	183,727	127	198	-114	-2.7	7.9	Dec 27, 2024	J-GAAP
YoY	+0.6%	-89.4%	-85.1%	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	125,858	2,182	2,279	601	13.7	13	Apr 2, 2024	J-GAAP
Sep - Feb, 2024 Guidance	131,442	2,204	2,187	463	11.1	13	Oct 1, 2024	J-GAAP
YoY	+4.4%	+1.0%	-4.0%	-23.0%	-19.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	246,877	2,927	3,148	928	21.2	26	Apr 3, 2023	J-GAAP
Feb, 2024	247,378	2,888	3,098	1,000	22.8	26	Apr 2, 2024	J-GAAP
Feb, 2025 Guidance	254,000	2,450	2,500	550	13.2	26	Sep 26, 2024	J-GAAP
YoY	+2.7%	-15.2%	-19.3%	-45.0%	-42.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	61,116	487	508	263	6.0	0.8	Dec 27, 2023	J-GAAP
Dec - Feb, 2023	64,742	1,695	1,771	338	7.7	2.6	Apr 2, 2024	J-GAAP
Mar - May, 2024	58,697	-38	6	-56	-1.3	-0.1	Jun 27, 2024	J-GAAP
Jun - Aug, 2024	63,861	284	307	143	3.3	0.4	Oct 1, 2024	J-GAAP
Sep - Nov, 2024	61,169	-119	-115	-201	-4.7	-0.2	Dec 27, 2024	J-GAAP
YoY	+0.1%	－	－	－	－