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OPEN Group, Mar-Nov (Cumulative 3Q) Ordinary Profit Turns to Loss, Sep-Nov Ordinary Profit Turns to Loss

Tue Jan 14, 2025 4:00 pm JST Earnings

6572 OPEN Group, Inc. 【J-GAAP】

Earnings Report

OPEN Group, Inc. <6572> [TSE Prime] announced its financial results after the market closed on January 14th (16:00). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending February 2025 (March to November) turned into a loss of 23 million yen (compared to a profit of 123 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 ordinary profit for the December to February period (4Q) is expected to surge 2.0 times that of the same period last year, reaching 283 million yen.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit/loss turned to a loss of 23 million yen (compared to a profit of 74 million yen in the same period last year). The operating profit margin drastically worsened from 9.6% in the same period last year to 3.0%.

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 4,436 190 109 -74 -1.2 136.3 Jan 13, 2023 J-GAAP
Mar - Nov, 2023 4,482 341 123 290 4.8 46.8 Jan 12, 2024 J-GAAP
Mar - Nov, 2024 5,274 334 -23 131 2.2 Jan 14, 2025 J-GAAP
YoY +17.7% -2.1% -54.8% -54.7%

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 3,252 330 214 -138 -2.3 0 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 3,734 371 260 209 3.4 3 Dec 17, 2024 J-GAAP
YoY +14.8% +12.4% +21.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 5,957 305 80 64 1.1 0 Apr 14, 2023 J-GAAP
Feb, 2024 6,165 520 263 166 2.7 0 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 7,200 650 260 460 7.6 3 Dec 23, 2024 J-GAAP
YoY +16.8% +25.0% -1.1% +177.1% +177.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 1,569 151 74 -14 -0.2 9.6 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 1,683 179 140 -124 -2.1 10.6 Apr 12, 2024 J-GAAP
Mar - May, 2024 1,783 164 44 20 0.3 9.2 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 1,683 115 -44 231 3.8 6.8 Oct 15, 2024 J-GAAP
Sep - Nov, 2024 1,808 55 -23 -120 -2.0 3.0 Jan 14, 2025 J-GAAP
YoY +15.2% -63.6% -757.1% -765.2%

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