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Oki Electric Industry, Oct-Dec (3Q) Ordinary Profit Decreases by 73%

Thu Feb 6, 2025 1:00 pm JST Earnings

6703 Oki Electric Industry Company, Limited 【J-GAAP】

Earnings Report

Oki 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

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 256,591 -4,754 -7,885 -11,557 -133.4 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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