Open Up Group, First Half Net Income Increases by 10%, Oct-Dec Net Income Increases by 14%

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Fri Feb 7, 2025 3:00 pm JST Earnings

2154 Open Up Group Inc. 【IFRS】

Earnings Report

Open Up Group Inc. <2154> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on February 7th (15:00). The consolidated net income for the cumulative second quarter of the fiscal year ending June 2025 (July to December) increased 10.0% from the same period last year, reaching 5.88 billion yen. The progress rate toward the full-year plan of 11.2 billion yen was 52.2%, almost the same as the three-year average of 53.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the January to June period (2H) is expected to decrease 16.1% from the same period last year to 5.38 billion yen.

In the most recent three-month period, from October to December (2Q), the consolidated net income grew 13.7% from the same period last year, reaching 3.49 billion yen. However, the operating profit margin decreased from 10.7% in the same period last year to 9.2%.

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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
Jul - Dec, 2022	74,952	7,305	7,270	5,264	59.8	58.1	Feb 10, 2023	IFRS
Jul - Dec, 2023	85,053	7,911	7,868	5,351	61.8	54.1	Feb 9, 2024	IFRS
Jul - Dec, 2024	101,037	8,970	8,944	5,884	67.8	55.9	Feb 7, 2025	IFRS
YoY	+18.8%	+13.4%	+13.7%	+10.0%	+9.6%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Guidance	ー	ー	ー	ー	－	30	Aug 9, 2024	IFRS
Jul - Dec, 2024 Results	101,037	8,970	8,944	5,884	67.8	30	Feb 7, 2025	IFRS
Revision Rate	－	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	88,172	6,382	6,687	6,417	74.0	45	Aug 9, 2024	IFRS
Jan - Jun, 2025 Guidance	91,963	7,030	7,056	5,386	62.0	45	Feb 7, 2025	IFRS
YoY	+4.3%	+10.2%	+5.5%	-16.1%	-16.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun, 2023	150,697	12,164	12,508	9,533	109.1	50	Aug 10, 2023	IFRS
Jun, 2024	173,225	14,293	14,555	11,768	135.8	65	Aug 9, 2024	IFRS
Jun, 2025 Guidance	193,000	16,000	16,000	11,270	129.7	75	Aug 9, 2024	IFRS
YoY	+11.4%	+11.9%	+9.9%	-4.2%	-4.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	43,724	4,668	4,624	3,075	35.5	10.7	Feb 9, 2024	IFRS
Jan - Mar, 2024	41,615	3,737	3,871	2,867	33.1	9.0	May 10, 2024	IFRS
Apr - Jun, 2024	46,557	2,645	2,816	3,550	41.0	5.7	Aug 9, 2024	IFRS
Jul - Sep, 2024	48,366	4,149	3,971	2,387	27.5	8.6	Nov 8, 2024	IFRS
Oct - Dec, 2024	52,671	4,821	4,973	3,497	40.3	9.2	Feb 7, 2025	IFRS
YoY	+20.5%	+3.3%	+7.5%	+13.7%	+13.4%