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OHASHI TECHNICA, The Current Fiscal Year Ordinary Profit Revised Downward by 8%

Fri Feb 7, 2025 3:30 pm JST Earnings

7628 OHASHI TECHNICA INC. 【J-GAAP】

Earnings Report

OHASHI TECHNICA INC. <7628> [TSE Prime] announced its financial results after the market closed on February 7th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 28.9% from the same period last year, reaching 1.81 billion yen.

However, the full-year consolidated ordinary profit has decreased 8.0%, from the previous forecast of 2.5 billion yen to 2.3 billion yen (compared to 1.99 billion yen in the previous period), leading to a reduction in the profit growth rate from 25.5% to 15.5%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has decreased 14.6%, from the previous forecast of 1.36 billion yen to 1.16 billion yen (compared to 1.17 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 0.8% decrease in profit.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 15.2% from the same period last year, reaching 0.68 billion yen. The operating profit margin improved from 4.7% in the same period last year to 5.5%.

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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 25,710 1,550 1,834 1,311 97.0 76.5 Feb 9, 2023 J-GAAP
Apr - Dec, 2023 28,998 1,148 1,408 585 43.6 70.7 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 30,225 1,421 1,815 1,234 93.8 78.9 Feb 7, 2025 J-GAAP
YoY +4.2% +23.8% +28.9% +110.9% +115.3%

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 20,664 1,221 1,368 1,042 80.2 34 Nov 12, 2024 J-GAAP
Oct - Mar, 2024 New 19,464 841 1,168 762 58.7 34 Feb 7, 2025 J-GAAP
Revision Rate -5.8% -31.1% -14.6% -26.9% -26.9%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 41,000 2,100 2,500 1,800 138.6 68 May 14, 2024 J-GAAP
Mar, 2025 New 39,800 1,720 2,300 1,520 117.1 68 Feb 7, 2025 J-GAAP
Revision Rate -2.9% -18.1% -8.0% -15.6% -15.6%

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 20,459 979 1,177 821 61.3 30 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 19,464 841 1,168 762 58.7 34 Feb 7, 2025 J-GAAP
YoY -4.9% -14.1% -0.8% -7.2% -4.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 34,974 2,061 2,396 1,283 95.0 57 May 11, 2023 J-GAAP
Mar, 2024 39,212 1,641 1,992 1,006 75.1 60 May 14, 2024 J-GAAP
Mar, 2025 Guidance 39,800 1,720 2,300 1,520 117.1 68 Feb 7, 2025 J-GAAP
YoY +1.5% +4.8% +15.5% +51.1% +55.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 10,245 486 593 400 29.8 4.7 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 10,214 493 584 421 31.4 4.8 May 14, 2024 J-GAAP
Apr - Jun, 2024 9,967 321 460 314 23.9 3.2 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 10,369 558 672 444 33.7 5.4 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 9,889 542 683 476 36.2 5.5 Feb 7, 2025 J-GAAP
YoY -3.5% +11.5% +15.2% +19.0% +21.4%

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