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Oriental Shiraishi, The Current Fiscal Year Ordinary Profit Revised Upward by 6%

Wed Feb 12, 2025 4:00 pm JST Earnings

1786 Oriental Shiraishi Corporation 【J-GAAP】

Earnings Report

Oriental Shiraishi Corporation <1786> [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) increased 6.5% from the same period last year, reaching 5.47 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 6.0%, from the previous forecast of 5 billion yen to 5.3 billion yen (compared to 6.58 billion yen in the previous period), and the declining rate is expected to decrease from 24.0% to 19.5%.

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 31.9%, from the previous forecast of 0.94 billion yen to 1.24 billion yen (compared to 4.12 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 77.2% to 70.0%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 1.41 billion yen, a 47.4% decrease compared to the same period last year. The operating profit margin significantly dropped from 14.4% in the same period last year to 7.9%.

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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 43,068 3,937 4,128 2,806 24.2 76.1 Feb 13, 2023 J-GAAP
Apr - Dec, 2023 49,295 5,069 5,143 3,504 27.2 78.2 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 50,112 5,366 5,476 3,727 28.1 103.3 Feb 12, 2025 J-GAAP
YoY +1.7% +5.9% +6.5% +6.4% +3.5%

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 31,955 982 940 761 5.8 7.50 Nov 12, 2024 J-GAAP
Oct - Mar, 2024 New 31,955 1,282 1,240 961 7.3 7.50 Feb 12, 2025 J-GAAP
Revision Rate 0.0% +30.5% +31.9% +26.3% +26.2%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 65,000 5,000 5,000 3,500 26.7 14.50 May 13, 2024 J-GAAP
Mar, 2025 New 65,000 5,300 5,300 3,700 28.2 14.50 Feb 12, 2025 J-GAAP
Revision Rate 0.0% +6.0% +6.0% +5.7% +5.7%

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 36,640 4,143 4,127 2,958 22.8 8 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 31,955 1,282 1,240 961 7.3 7.50 Feb 12, 2025 J-GAAP
YoY -12.8% -69.1% -70.0% -67.5% -67.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 61,480 5,214 5,427 3,922 33.8 13.50 May 12, 2023 J-GAAP
Mar, 2024 67,382 6,533 6,580 4,632 35.7 14.50 May 13, 2024 J-GAAP
Mar, 2025 Guidance 65,000 5,300 5,300 3,700 28.2 14.50 Feb 12, 2025 J-GAAP
YoY -3.5% -18.9% -19.5% -20.1% -21.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 18,553 2,679 2,690 1,830 14.2 14.4 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 18,087 1,464 1,437 1,128 8.7 8.1 May 13, 2024 J-GAAP
Apr - Jun, 2024 16,936 2,116 2,142 1,438 10.9 12.5 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 16,109 1,902 1,918 1,301 9.8 11.8 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 17,067 1,348 1,416 988 7.5 7.9 Feb 12, 2025 J-GAAP
YoY -8.0% -49.7% -47.4% -46.0% -47.5%

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