OXIDE, The Current Fiscal Year Net Income Revised Downward to a Loss, 37% Deficit Against Net Assets

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Tue Jan 14, 2025 12:00 pm JST Earnings

6521 OXIDE Corporation 【J-GAAP】

Earnings Report

OXIDE Corporation <6521> [TSE Growth] announced its financial results at noon (12:00) on January 14th. The consolidated net loss for the cumulative third quarter of the fiscal year ending February 2025 (March to November) expanded to a loss of 2.95 billion yen (compared to a loss of 0.48 billion yen in the same period last year).

In addition, the full-year consolidated net income/loss has been revised downward from an expected profit of 0.01 billion yen to a loss of 2.85 billion yen (compared to a loss of 0.42 billion yen in the previous period), turning to a loss outlook The deficit amounted to a 37.5% impairment of net assets at the end of the previous fiscal year..

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income/loss for the September to February period (2H) has been revised downward from an expected profit of 0.25 billion yen to a loss of 2.6 billion yen (compared to a loss of 0.35 billion yen in the same period of the previous year), turning to a loss outlook.

In the most recent three-month period, from September to November (3Q), the consolidated net loss expanded to a loss of 2.71 billion yen (compared to a loss of 0.42 billion yen in the same period last year). However, the operating profit/loss margin drastically improved from -41.3% in the same period last year to 1.7%.

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	4,421	498	540	380	38.6	78.6	Jan 13, 2023	J-GAAP
Mar - Nov, 2023	4,693	-678	-566	-488	-48.8	ー	Jan 12, 2024	J-GAAP
Mar - Nov, 2024	5,721	-356	-474	-2,957	-267.8	ー	Jan 14, 2025	J-GAAP
YoY	+21.9%	+47.5%	+16.3%	-505.9%	-448.3%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2024 Prev	5,155	598	446	258	23.1	0	Oct 15, 2024	J-GAAP
Sep - Feb, 2024 New	4,902	396	367	-2,608	-232.5	0	Jan 14, 2025	J-GAAP
Revision Rate	-4.9%	-33.8%	-17.7%	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2025 Prev	8,553	202	129	16	1.4	0	Apr 15, 2024	J-GAAP
Feb, 2025 New	8,300	0	50	-2,850	-254.1	0	Jan 14, 2025	J-GAAP
Revision Rate	-3.0%	－	-61.2%	－	－

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	3,283	-871	-740	-359	-35.4	0	Apr 15, 2024	J-GAAP
Sep - Feb, 2024 Guidance	4,902	396	367	-2,608	-232.5	0	Jan 14, 2025	J-GAAP
YoY	+49.3%	－	－	-626.5%	-557.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	5,752	537	687	557	56.5	0	Apr 14, 2023	J-GAAP
Feb, 2024	6,606	-983	-766	-422	-41.6	0	Apr 15, 2024	J-GAAP
Feb, 2025 Guidance	8,300	0	50	-2,850	-254.1	0	Jan 14, 2025	J-GAAP
YoY	+25.6%	－	－	-575.4%	-511.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	1,370	-566	-540	-425	-42.5	-41.3	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	1,913	-305	-200	66	6.5	-15.9	Apr 15, 2024	J-GAAP
Mar - May, 2024	1,388	-406	-360	-260	-23.7	-29.3	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	2,010	10	43	18	1.6	0.5	Oct 15, 2024	J-GAAP
Sep - Nov, 2024	2,323	40	-157	-2,715	-245.9	1.7	Jan 14, 2025	J-GAAP
YoY	+69.6%	－	+70.9%	-538.8%	-478.1%