OTAKE, Sep-Nov (2Q) Ordinary Profit Increases by 12%

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Fri Jan 10, 2025 1:00 pm JST Earnings

7434 OTAKE CORPORATION 【J-GAAP】

Earnings Report

OTAKE CORPORATION <7434> [TSE Std] announced its financial results in the afternoon session on January 10th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending May 2025 (June to November) was 0.62 billion yen, a 1.3% increase compared to the previous period non-consolidated. The progress rate toward the full-year plan of 1.15 billion yen was 54.3%, almost the same as the five-year average of 55.4%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the December to May period (2H) is expected to grow 5.0% from the previous period non-consolidated to 0.52 billion yen.

In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit grew 11.7% from the same period last year, reaching 0.41 billion yen. The operating profit margin remained almost flat, changing from 4.0% in the same period last year to 4.2%.

Note: Since the current fiscal year, the company has transitioned to consolidated financial statements.

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	14,120	480	574	391	98.1	51.9	Jan 12, 2023	J-GAAP
Jun - Nov, 2023	15,731	517	617	420	105.2	55.2	Jan 12, 2024	J-GAAP
Jun - Nov, 2024	16,148	513	625	415	104.2	54.3	Jan 10, 2025	J-GAAP
YoY	+2.7%	-0.8%	+1.3%	-1.2%	-0.9%

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	16,000	520	620	430	109.8	0	Jul 12, 2024	J-GAAP
Jun - Nov, 2024 Results	16,148	513	625	415	104.2	0	Jan 10, 2025	J-GAAP
Revision Rate	+0.9%	-1.3%	+0.8%	-3.5%	-5.1%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2025 Prev	32,000	950	1,150	780	199.2	35	Jul 12, 2024	J-GAAP
May, 2025 New	32,000	950	1,150	780	199.2	35	Jan 10, 2025	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	15,522	399	500	354	88.5	35	Jul 12, 2024	J-GAAP
Dec - May, 2024 Guidance	15,852	437	525	365	93.2	35	Jan 10, 2025	J-GAAP
YoY	+2.1%	+9.5%	+5.0%	+3.1%	+5.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2023	29,321	915	1,105	822	205.9	33	Jul 14, 2023	J-GAAP
May, 2024	31,253	916	1,117	774	193.5	35	Jul 12, 2024	J-GAAP
May, 2025 Guidance	32,000	950	1,150	780	199.2	35	Jan 10, 2025	J-GAAP
YoY	+2.4%	+3.7%	+3.0%	+0.8%	+2.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	7,844	311	369	252	63.1	4.0	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	7,653	197	235	145	36.3	2.6	Apr 12, 2024	J-GAAP
Mar - May, 2024	7,869	202	265	209	52.3	2.6	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	7,598	158	213	144	36.1	2.1	Oct 11, 2024	J-GAAP
Sep - Nov, 2024	8,550	355	412	271	68.1	4.2	Jan 10, 2025	J-GAAP
YoY	+9.0%	+14.1%	+11.7%	+7.5%	+7.8%