Oi Electric, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 30% Increase

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Wed Feb 12, 2025 3:30 pm JST Earnings

6822 Oi Electric Co.,Ltd. 【J-GAAP】

Earnings Report

Oi Electric Co.,Ltd. <6822> [TSE Std] announced its financial results after the market closed on February 12th (15:30). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a profit of 0.54 billion yen (compared to a loss of 0.16 billion yen in the same period last year).

In addition, the full-year consolidated ordinary profit has been revised upward 49.3%, from the previous forecast of 0.73 billion yen to 1.09 billion yen (compared to 0.83 billion yen in the previous period), turning to a 29.9% increase in the consolidated ordinary profit outlook.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has been revised upward 47.8%, from the previous forecast of 0.75 billion yen to 1.11 billion yen (compared to 1.34 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 43.9% to 17.1%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 68.1% from the same period last year, reaching 0.57 billion yen. The operating profit margin improved from 5.2% in the same period last year to 8.1%.

Kabutan News

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	14,121	-1,210	-1,168	-1,302	-1,001.4	ー	Feb 8, 2023	J-GAAP
Apr - Dec, 2023	16,678	-108	-165	-119	-91.5	ー	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	18,548	612	547	335	255.9	50.2	Feb 12, 2025	J-GAAP
YoY	+11.2%	－	－	－	－

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	16,524	766	753	579	440.3	0	Oct 30, 2024	J-GAAP
Oct - Mar, 2024 New	17,424	1,116	1,113	859	653.2	0	Feb 12, 2025	J-GAAP
Revision Rate	+5.4%	+45.7%	+47.8%	+48.4%	+48.4%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	27,300	750	730	520	395.4	0	Oct 30, 2024	J-GAAP
Mar, 2025 New	28,200	1,100	1,090	800	608.4	0	Feb 12, 2025	J-GAAP
Revision Rate	+3.3%	+46.7%	+49.3%	+53.8%	+53.8%

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	17,915	1,361	1,343	1,113	855.4	0	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	17,424	1,116	1,113	859	653.2	0	Feb 12, 2025	J-GAAP
YoY	-2.7%	-18.0%	-17.1%	-22.8%	-23.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	22,926	-466	-439	-811	-624.0	0	May 12, 2023	J-GAAP
Mar, 2024	28,117	919	839	759	583.3	0	May 14, 2024	J-GAAP
Mar, 2025 Guidance	28,200	1,100	1,090	800	608.4	0	Feb 12, 2025	J-GAAP
YoY	+0.3%	+19.7%	+29.9%	+5.4%	+4.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	6,476	334	339	235	180.7	5.2	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	11,439	1,027	1,004	878	674.8	9.0	May 14, 2024	J-GAAP
Apr - Jun, 2024	4,894	-247	-277	-231	-178.0	-5.0	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	5,882	231	254	172	133.7	3.9	Oct 30, 2024	J-GAAP
Oct - Dec, 2024	7,772	628	570	394	301.0	8.1	Feb 12, 2025	J-GAAP
YoY	+20.0%	+88.0%	+68.1%	+67.7%	+66.6%