OKUMURA, The Current Fiscal Year Ordinary Profit Revised Upward by 3%, Dividend Revised Upward by 16 yen

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Wed Feb 12, 2025 4:00 pm JST Earnings

1833 OKUMURA CORPORATION 【J-GAAP】

Earnings Report

OKUMURA CORPORATION <1833> [TSE Prime] announced its financial results after the market closed on February 12th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 42.3% from the same period last year to 6.41 billion yen.

However, the full-year consolidated ordinary profit has been revised upward 2.7%, from the previous forecast of 7.5 billion yen to 7.7 billion yen (compared to 14.8 billion yen in the previous period), and the declining rate is expected to decrease from 49.6% to 48.2%.

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) is expected to increase 1.9%, from the previous forecast of 10.6 billion yen to 10.8 billion yen (compared to 7.69 billion yen in the same period of the previous year), increasing the growth rate from 37.7% to 40.3%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 200 yen to 216 yen (compared to 237 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.4 times that of the same period last year, reaching 9.51 billion yen. The operating profit margin improved from 4.9% in the same period last year to 6.2%.

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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	176,809	8,838	9,870	8,472	230.3	76.5	Feb 9, 2023	J-GAAP
Apr - Dec, 2023	207,241	9,986	11,111	9,526	258.8	74.7	Feb 13, 2024	J-GAAP
Apr - Dec, 2024	218,203	5,667	6,412	6,761	183.5	83.3	Feb 12, 2025	J-GAAP
YoY	+5.3%	-43.3%	-42.3%	-29.0%	-29.1%

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	156,661	6,609	10,601	8,874	243.0	87	Jan 15, 2025	J-GAAP
Oct - Mar, 2024 New	158,661	6,809	10,801	9,074	248.5	103	Feb 12, 2025	J-GAAP
Revision Rate	+1.3%	+3.0%	+1.9%	+2.3%	+2.3%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	296,000	7,400	7,500	8,550	234.1	200	Nov 12, 2024	J-GAAP
Mar, 2025 New	298,000	7,600	7,700	8,750	239.6	216	Feb 12, 2025	J-GAAP
Revision Rate	+0.7%	+2.7%	+2.7%	+2.3%	+2.3%

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	152,486	7,253	7,698	6,786	184.3	160	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	158,661	6,809	10,801	9,074	248.5	103	Feb 12, 2025	J-GAAP
YoY	+4.0%	-6.1%	+40.3%	+33.7%	+34.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	249,442	11,847	12,908	11,261	306.1	223	May 12, 2023	J-GAAP
Mar, 2024	288,146	13,708	14,878	12,493	339.3	237	May 13, 2024	J-GAAP
Mar, 2025 Guidance	298,000	7,600	7,700	8,750	239.6	216	Feb 12, 2025	J-GAAP
YoY	+3.4%	-44.6%	-48.2%	-30.0%	-29.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	71,581	3,531	3,931	3,819	103.7	4.9	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	80,905	3,722	3,767	2,967	80.6	4.6	May 13, 2024	J-GAAP
Apr - Jun, 2024	66,405	158	1,152	1,251	34.0	0.2	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	72,934	633	-4,253	-1,575	-42.8	0.9	Jan 15, 2025	J-GAAP
Oct - Dec, 2024	78,864	4,876	9,513	7,085	192.3	6.2	Feb 12, 2025	J-GAAP
YoY	+10.2%	+38.1%	+142.0%	+85.5%	+85.4%