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OMRON, The Current Fiscal Year Pretax Income Revised Upward by 4%

Mon Feb 10, 2025 3:35 pm JST Earnings

6645 OMRON CORPORATION 【US-GAAP】

Earnings Report

OMRON CORPORATION <6645> [TSE Prime] announced its financial results (based on US-GAAP) after the market closed on February 10th (15:35). The consolidated pretax income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 49.2% from the same period last year to 15.9 billion yen.

However, the full-year consolidated pretax income has been revised upward 3.8%, from the previous forecast of 26 billion yen to 27 billion yen (compared to 34.9 billion yen in the previous period), and the declining rate is expected to decrease from 25.6% to 22.8%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated pretax income for the October to March period (2H) is expected to increase 3.8%, from the previous forecast of 26.3 billion yen to 27.3 billion yen (compared to 9.95 billion yen in the same period of the previous year), increasing the growth rate from 2.6 times to 2.7 times.

In the most recent three-month period, from October to December (3Q), the consolidated pretax income surged 2.5 times that of the same period last year, reaching 16.3 billion yen. The operating profit margin drastically improved from 2.9% in the same period last year to 8.1%.

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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 637,977 72,854 70,661 50,517 253.9 71.8 Jan 30, 2023 US-GAAP
Apr - Dec, 2023 607,985 26,572 31,469 7,849 39.9 90.0 Feb 5, 2024 US-GAAP
Apr - Dec, 2024 579,698 35,904 15,985 7,183 36.5 59.2 Feb 10, 2025 US-GAAP
YoY -4.7% +35.1% -49.2% -8.5% -8.5%

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 430,362 32,774 26,336 14,318 72.7 52 Nov 6, 2024 US-GAAP
Oct - Mar, 2024 New 430,362 34,774 27,336 15,818 80.3 52 Feb 10, 2025 US-GAAP
Revision Rate 0.0% +6.1% +3.8% +10.5% +10.5%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 805,000 52,000 26,000 11,000 55.9 104 Nov 6, 2024 US-GAAP
Mar, 2025 New 805,000 54,000 27,000 12,500 63.5 104 Feb 10, 2025 US-GAAP
Revision Rate 0.0% +3.8% +3.8% +13.6% +13.6%

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 418,087 13,691 9,959 2,025 10.3 52 May 8, 2024 US-GAAP
Oct - Mar, 2024 Guidance 430,362 34,774 27,336 15,818 80.3 52 Feb 10, 2025 US-GAAP
YoY +2.9% +154.0% +174.5% +681.1% +680.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 876,082 100,686 98,409 73,861 372.2 98 Apr 26, 2023 US-GAAP
Mar, 2024 818,761 34,342 34,953 8,105 41.2 104 May 8, 2024 US-GAAP
Mar, 2025 Guidance 805,000 54,000 27,000 12,500 63.5 104 Feb 10, 2025 US-GAAP
YoY -1.7% +57.2% -22.8% +54.2% +54.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 207,311 5,921 6,475 1,769 9.0 2.9 Feb 5, 2024 US-GAAP
Jan - Mar, 2024 210,776 7,770 3,484 256 1.3 3.7 May 8, 2024 US-GAAP
Apr - Jun, 2024 183,713 6,267 -12,502 -9,626 -48.9 3.4 Aug 2, 2024 US-GAAP
Jul - Sep, 2024 190,925 12,959 12,166 6,308 32.1 6.8 Nov 6, 2024 US-GAAP
Oct - Dec, 2024 205,060 16,678 16,321 10,501 53.3 8.1 Feb 10, 2025 US-GAAP
YoY -1.1% +181.7% +152.1% +493.6% +493.1%

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