OKAMOTO INDUSTRIES, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 11%

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Fri Feb 7, 2025 4:00 pm JST Earnings

5122 OKAMOTO INDUSTRIES,INC. 【J-GAAP】

Earnings Report

OKAMOTO INDUSTRIES,INC. <5122> [TSE Prime] announced its financial results after the market closed on February 7th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 11.0% from the same period last year to 8.44 billion yen. However, the progress rate toward the full-year plan of 10.4 billion yen was 81.2%, almost the same as the five-year average of 81.5%.

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 24.7% from the same period last year to 1.95 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 3.42 billion yen, a 1.5% decrease compared to the same period last year. The operating profit margin significantly dropped from 11.4% in the same period last year to 7.7%.

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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	73,247	5,356	6,279	3,938	217.2	79.3	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	79,400	8,018	9,487	7,005	398.5	78.5	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	83,046	7,112	8,443	5,079	291.4	81.2	Feb 7, 2025	J-GAAP
YoY	+4.6%	-11.3%	-11.0%	-27.5%	-26.9%

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	55,164	5,273	6,081	2,810	159.9	80	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	56,511	4,331	5,385	3,720	214.5	60	Nov 8, 2024	J-GAAP
YoY	+2.4%	-17.9%	-11.4%	+32.4%	+34.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	99,076	6,898	7,922	4,893	271.1	110	May 12, 2023	J-GAAP
Mar, 2024	106,123	10,040	12,087	7,388	420.3	135	May 13, 2024	J-GAAP
Mar, 2025 Guidance	111,000	9,250	10,400	6,700	386.4	120	May 13, 2024	J-GAAP
YoY	+4.6%	-7.9%	-14.0%	-9.3%	-8.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	28,441	3,251	3,481	2,427	138.1	11.4	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	26,723	2,022	2,600	383	21.8	7.6	May 13, 2024	J-GAAP
Apr - Jun, 2024	26,066	2,538	3,592	2,210	126.3	9.7	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	28,423	2,381	1,423	770	44.1	8.4	Nov 8, 2024	J-GAAP
Oct - Dec, 2024	28,557	2,193	3,428	2,099	120.4	7.7	Feb 7, 2025	J-GAAP
YoY	+0.4%	-32.5%	-1.5%	-13.5%	-12.8%