OKANO VALVE MFG, Ordinary Profit for The Current Fiscal Year, with a Change in the Fiscal Year End, is 590 million yen

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Fri Jan 10, 2025 3:30 pm JST Earnings

6492 OKANO VALVE MFG.CO.LTD. 【J-GAAP】

Earnings Report

OKANO VALVE MFG.CO.LTD. <6492> [TSE Std] announced its financial results after the market closed on January 10th (15:30). The consolidated ordinary profit for the fiscal year ending November 2024 expanded 41.0% from the previous period to 1.28 billion yen. However, for the fiscal year ending September 2025 (an irregular 10-month accounting period), the profit is expected to drop by 0.59 billion yen.

At the same time, the company plans to set the dividend for the current term at 30 yen.

In the most recent three-month period, from September to November (4Q), the consolidated ordinary profit significantly dropped to 0.04 billion yen, a 88.8% decrease compared to the same period last year. The operating profit margin sharply declined from 16.6% in the same period last year to 0.9%.

Note: Due to a change in the fiscal year ending September 2025 (10-month fiscal year), comparisons with the same period in the previous year are not provided since there is no corresponding period.

Kabutan News

Actual Results

Historical Performance

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	8,169	1,185	1,283	1,102	688.6	40	Jan 10, 2025	J-GAAP
YoY	+10.3%	+45.9%	+41.0%	+58.1%	+58.7%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2024 Guidance	8,169	1,185	1,268	1,091	682.0	40	Dec 18, 2024	J-GAAP
Nov, 2024 Results	8,169	1,185	1,283	1,102	688.6	40	Jan 10, 2025	J-GAAP
Revision Rate	0.0%	0.0%	+1.2%	+1.0%	+1.0%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec - May, 2023	3,770	762	835	595	372.3	20	Jul 5, 2024	J-GAAP
Dec - May, 2024 Guidance Changed	3,585	278	320	209	130.4	－	Jan 10, 2025	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2023	7,407	812	910	697	433.8	30	Jan 12, 2024	J-GAAP
Nov, 2024	8,169	1,185	1,283	1,102	688.6	40	Jan 10, 2025	J-GAAP
Sep, 2025 Guidance Changed	6,402	528	590	391	244.0	30	Jan 10, 2025	J-GAAP
YoY	－	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	2,391	396	411	275	171.2	16.6	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	1,570	269	325	241	151.3	17.1	Apr 5, 2024	J-GAAP
Mar - May, 2024	2,200	493	510	354	221.5	22.4	Jul 5, 2024	J-GAAP
Jun - Aug, 2024	1,939	401	402	271	169.5	20.7	Oct 4, 2024	J-GAAP
Sep - Nov, 2024	2,460	22	46	236	147.5	0.9	Jan 10, 2025	J-GAAP
YoY	+2.9%	-94.4%	-88.8%	-14.2%	-13.8%