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OKUMURA, First Half Ordinary Profit Turns to Loss, Jul-Sep Ordinary Profit Turns to Loss

Wed Jan 15, 2025 4:00 pm JST Earnings

1833 OKUMURA CORPORATION 【J-GAAP】

Earnings Report

OKUMURA CORPORATION <1833> [TSE Prime] announced its financial results after the market closed on January 15th (16:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 3.1 billion yen (compared to a profit of 7.18 billion yen in the same period last year).

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 October to March period (2H) is expected to expand 37.7% from the same period last year, reaching 10.6 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 4.25 billion yen (compared to a profit of 4.93 billion yen in the same period last year). The operating profit margin drastically worsened from 7.1% in the same period last year to 0.9%.

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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
Apr - Sep, 2022 111,143 3,681 4,506 3,921 106.6 34.9 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 135,660 6,455 7,180 5,707 155.0 48.3 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 139,339 791 -3,101 -324 -8.8 Jan 15, 2025 J-GAAP
YoY +2.7% -87.7%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 139,330 790 -3,100 -320 -8.7 113 Jan 14, 2025 J-GAAP
Apr - Sep, 2024 Results 139,339 791 -3,101 -324 -8.8 113 Jan 15, 2025 J-GAAP
Revision Rate +0.0% +0.1% 0.0% -1.3% -1.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 152,486 7,253 7,698 6,786 184.3 160 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 156,661 6,609 10,601 8,874 243.0 87 Jan 15, 2025 J-GAAP
YoY +2.7% -8.9% +37.7% +30.8% +31.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 249,442 11,847 12,908 11,261 306.1 223 May 12, 2023 J-GAAP
Mar, 2024 288,146 13,708 14,878 12,493 339.3 237 May 13, 2024 J-GAAP
Mar, 2025 Guidance 296,000 7,400 7,500 8,550 234.1 200 Nov 12, 2024 J-GAAP
YoY +2.7% -46.0% -49.6% -31.6% -31.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 70,982 5,054 4,932 3,442 93.5 7.1 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 71,581 3,531 3,931 3,819 103.7 4.9 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 80,905 3,722 3,767 2,967 80.6 4.6 May 13, 2024 J-GAAP
Apr - Jun, 2024 66,405 158 1,152 1,251 34.0 0.2 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 72,934 633 -4,253 -1,575 -42.8 0.9 Jan 15, 2025 J-GAAP
YoY +2.7% -87.5%

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