Orient, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 16%, Oct-Dec Ordinary Profit Decreases by 69%

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Fri Jan 31, 2025 3:30 pm JST Earnings

8585 Orient Corporation 【J-GAAP】

Earnings Report

Orient Corporation <8585> [TSE Prime] announced its financial results after the market closed on January 31st (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 15.8% from the same period last year to 8.45 billion yen. The progress rate toward the full-year plan of 12 billion yen was 70.5%, also falling below the five-year average of 74.5%.

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 January to March period (4Q) is expected to drop 41.6% from the same period last year to 3.54 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit significantly dropped to 1.28 billion yen, a 69.0% decrease compared to the same period last year. The operating profit margin drastically worsened from 7.3% in the same period last year to 2.2%.

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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
Apr - Dec, 2022	168,089	16,350	16,350	12,381	72.1	70.9	Jan 31, 2023	J-GAAP
Apr - Dec, 2023	168,637	10,047	10,047	11,571	67.5	62.3	Jan 31, 2024	J-GAAP
Apr - Dec, 2024	182,495	8,457	8,457	10,245	59.9	70.5	Jan 31, 2025	J-GAAP
YoY	+8.2%	-15.8%	-15.8%	-11.5%	-11.3%

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	116,864	10,213	10,213	2,445	14.3	40	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	126,036	4,826	4,826	8,262	48.3	40	Oct 31, 2024	J-GAAP
YoY	+7.8%	-52.7%	-52.7%	+237.9%	+238.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	227,693	23,070	23,070	19,035	110.9	40	May 12, 2023	J-GAAP
Mar, 2024	229,054	16,118	16,118	12,571	73.3	40	May 10, 2024	J-GAAP
Mar, 2025 Guidance	249,500	12,000	12,000	12,000	70.1	40	Oct 31, 2024	J-GAAP
YoY	+8.9%	-25.5%	-25.5%	-4.5%	-4.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	56,447	4,142	4,142	1,445	8.4	7.3	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	60,417	6,071	6,071	1,000	5.8	10.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	63,053	5,086	5,086	3,051	17.8	8.1	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	60,411	2,088	2,088	687	4.0	3.5	Oct 31, 2024	J-GAAP
Oct - Dec, 2024	59,031	1,283	1,283	6,507	38.0	2.2	Jan 31, 2025	J-GAAP
YoY	+4.6%	-69.0%	-69.0%	+350.3%	+350.9%