Okayama Paper Industries, First Half Ordinary Profit Decreases by 34%, Sep-Nov Ordinary Profit Decreases by 35%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Fri Jan 10, 2025 1:00 pm JST Earnings

3892 Okayama Paper Industries Co.,Ltd. 【J-GAAP】

Earnings Report

Okayama Paper Industries Co.,Ltd. <3892> [TSE Std] announced its financial results in the afternoon session on January 10th (13:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending May 2025 (June to November) dropped 33.6% from the same period last year to 0.69 billion yen. The progress rate toward the full-year plan of 1.1 billion yen was 63.4%, also surpassing the five-year average of 54.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the December to May period (2H) is expected to drop 44.7% from the same period last year to 0.4 billion yen.

In the most recent three-month period, from September to November (2Q), the ordinary profit dropped to 0.38 billion yen, a 34.9% decrease compared to the same period last year. The operating profit margin significantly dropped from 19.8% in the same period last year to 12.4%.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jun - Nov, 2022	5,426	286	327	225	45.1	47.2	Jan 12, 2023	J-GAAP
Jun - Nov, 2023	5,834	999	1,050	728	157.7	59.0	Jan 11, 2024	J-GAAP
Jun - Nov, 2024	5,966	637	697	483	104.4	63.4	Jan 10, 2025	J-GAAP
YoY	+2.3%	-36.2%	-33.6%	-33.7%	-33.8%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2024 Guidance	5,900	600	660	462	99.6	15	Jul 12, 2024	J-GAAP
Jun - Nov, 2024 Results	5,966	637	697	483	104.4	15	Jan 10, 2025	J-GAAP
Revision Rate	+1.1%	+6.2%	+5.6%	+4.5%	+4.8%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec - May, 2023	5,677	682	729	429	92.8	15	Jul 12, 2024	J-GAAP
Dec - May, 2024 Guidance	5,534	363	403	287	61.9	15	Jan 10, 2025	J-GAAP
YoY	-2.5%	-46.8%	-44.7%	-33.1%	-33.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2023	10,870	613	693	494	101.4	17	Jul 14, 2023	J-GAAP
May, 2024	11,511	1,681	1,779	1,157	250.2	24	Jul 12, 2024	J-GAAP
May, 2025 Guidance	11,500	1,000	1,100	770	166.0	30	Jul 12, 2024	J-GAAP
YoY	-0.1%	-40.5%	-38.2%	-33.4%	-33.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	2,940	582	596	412	89.2	19.8	Jan 11, 2024	J-GAAP
Dec - Feb, 2023	2,745	431	467	324	70.1	15.7	Mar 29, 2024	J-GAAP
Mar - May, 2024	2,932	251	262	105	22.7	8.6	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	2,951	263	309	212	45.9	8.9	Oct 9, 2024	J-GAAP
Sep - Nov, 2024	3,015	374	388	271	58.6	12.4	Jan 10, 2025	J-GAAP
YoY	+2.6%	-35.7%	-34.9%	-34.2%	-34.3%