OKUMA, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 39%

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Wed Feb 5, 2025 3:40 pm JST Earnings

6103 OKUMA Corporation 【J-GAAP】

Earnings Report

OKUMA Corporation <6103> [TSE Prime] announced its financial results after the market closed on February 5th (15:40). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 38.6% from the same period last year to 11.2 billion yen. The progress rate toward the full-year plan of 17.5 billion yen was 64.5%, also falling below the five-year average of 67.9%.

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 decrease 13.4% from the same period last year to 6.2 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 5.87 billion yen, a 0.1% decrease compared to the same period last year. The operating profit margin decreased from 11.0% in the same period last year to 8.4%.

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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	167,579	17,528	19,221	14,059	225.4	72.7	Jan 31, 2023	J-GAAP
Apr - Dec, 2023	167,290	18,221	18,390	13,086	212.3	72.0	Jan 31, 2024	J-GAAP
Apr - Dec, 2024	148,967	10,127	11,295	7,498	123.9	64.5	Feb 5, 2025	J-GAAP
YoY	-11.0%	-44.4%	-38.6%	-42.7%	-41.6%

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	117,482	13,389	13,047	10,630	172.7	50	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	114,753	11,874	12,079	8,920	147.4	50	Oct 31, 2024	J-GAAP
YoY	-2.3%	-11.3%	-7.4%	-16.1%	-14.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	227,636	24,804	26,446	19,195	308.0	90	May 11, 2023	J-GAAP
Mar, 2024	227,994	25,364	25,557	19,381	314.9	100	May 10, 2024	J-GAAP
Mar, 2025 Guidance	210,000	17,500	17,500	12,500	206.6	100	Oct 31, 2024	J-GAAP
YoY	-7.9%	-31.0%	-31.5%	-35.5%	-34.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	56,778	6,246	5,880	4,335	70.3	11.0	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	60,704	7,143	7,167	6,295	102.3	11.8	May 10, 2024	J-GAAP
Apr - Jun, 2024	45,329	3,066	3,609	2,436	40.2	6.8	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	49,918	2,560	1,812	1,144	18.9	5.1	Oct 31, 2024	J-GAAP
Oct - Dec, 2024	53,720	4,501	5,874	3,918	64.7	8.4	Feb 5, 2025	J-GAAP
YoY	-5.4%	-27.9%	-0.1%	-9.6%	-8.0%