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Oki Electric Industry, Oct-Dec (3Q) Ordinary Profit Decreases by 73%
6703 Oki Electric Industry Company, Limited 【J-GAAP】
Earnings ReportOki Electric Industry Company, Limited <6703> [TSE Prime] announced its financial results in the afternoon session on February 6th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 17.5% from the same period last year, reaching 5.62 billion yen. The progress rate toward the full-year plan of 14.5 billion yen was 38.8%, exceeding the five-year average of 26.6%.
Based on the cumulative third-quarter performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to drop 34.3% from the same period last year to 8.87 billion yen.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit significantly dropped to 1.15 billion yen, a 73.2% decrease compared to the same period last year. The operating profit margin worsened from 4.3% in the same period last year to 1.3%.
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Actual Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Apr - Dec, 2022 | 256,591 | -4,754 | -7,885 | -11,557 | -133.4 | ー | Feb 9, 2023 | J-GAAP |
Apr - Dec, 2023 | 286,642 | 5,842 | 4,787 | 1,999 | 23.1 | 26.2 | Feb 7, 2024 | J-GAAP |
Apr - Dec, 2024 | 307,000 | 7,631 | 5,624 | 1,975 | 22.8 | 38.8 | Feb 6, 2025 | J-GAAP |
YoY | +7.1% | +30.6% | +17.5% | -1.2% | -1.3% |
Guidance Update
Second Half Update
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Oct - Mar, 2024 Prev | 262,336 | 9,844 | 10,029 | 7,120 | 82.1 | 30 | Nov 7, 2024 | J-GAAP |
Oct - Mar, 2024 New | 255,336 | 9,844 | 10,029 | 7,120 | 82.1 | 30 | Feb 6, 2025 | J-GAAP |
Revision Rate | -2.7% | 0.0% | 0.0% | 0.0% | 0.0% |
Full Year Update
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Mar, 2025 Prev | 460,000 | 16,000 | 14,500 | 9,500 | 109.6 | 30 | May 9, 2024 | J-GAAP |
Mar, 2025 New | 453,000 | 16,000 | 14,500 | 9,500 | 109.6 | 30 | Feb 6, 2025 | J-GAAP |
Revision Rate | -1.5% | 0.0% | 0.0% | 0.0% | 0.0% |
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 | 247,002 | 17,689 | 17,815 | 25,365 | 292.7 | 30 | May 9, 2024 | J-GAAP |
Oct - Mar, 2024 Guidance | 255,336 | 9,844 | 10,029 | 7,120 | 82.1 | 30 | Feb 6, 2025 | J-GAAP |
YoY | +3.4% | -44.3% | -43.7% | -71.9% | -71.9% |
Current Period Guidance
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Mar, 2023 | 369,096 | 2,403 | -328 | -2,800 | -32.3 | 20 | May 10, 2023 | J-GAAP |
Mar, 2024 | 421,854 | 18,692 | 18,293 | 25,649 | 295.9 | 30 | May 9, 2024 | J-GAAP |
Mar, 2025 Guidance | 453,000 | 16,000 | 14,500 | 9,500 | 109.6 | 30 | Feb 6, 2025 | J-GAAP |
YoY | +7.4% | -14.4% | -20.7% | -63.0% | -63.0% |
Quarterly Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Oct - Dec, 2023 | 111,790 | 4,839 | 4,309 | 1,715 | 19.8 | 4.3 | Feb 7, 2024 | J-GAAP |
Jan - Mar, 2024 | 135,212 | 12,850 | 13,506 | 23,650 | 272.9 | 9.5 | May 9, 2024 | J-GAAP |
Apr - Jun, 2024 | 97,939 | 3,860 | 3,919 | 1,805 | 20.8 | 3.9 | Aug 8, 2024 | J-GAAP |
Jul - Sep, 2024 | 99,725 | 2,296 | 552 | 575 | 6.6 | 2.3 | Nov 7, 2024 | J-GAAP |
Oct - Dec, 2024 | 109,336 | 1,475 | 1,153 | -405 | -4.7 | 1.3 | Feb 6, 2025 | J-GAAP |
YoY | -2.2% | -69.5% | -73.2% | - | - |
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