OpenWork, 9% Increase in Ordinary Profit, Update Record High for Fourth Consecutive Term

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Thu Feb 13, 2025 12:00 pm JST Earnings

5139 OpenWork Inc. 【J-GAAP】

Earnings Report

OpenWork Inc. <5139> [TSE Growth] announced its financial results at noon (12:00) on February 13th. The ordinary profit (non-consolidated) for the fiscal year ending December 2024 increased 20.3% from the previous period to 1.02 billion yen. In the fiscal year ending December 2025, the profit is expected to grow by 9.3% to 1.12 billion yen, marking the fourth consecutive term of record-high profits. This will be the eighth consecutive term of revenue and the fifth consecutive term of profit growth.

In the most recent three-month period, from October to December (4Q), the ordinary profit grew 11.8% from the same period last year, reaching 0.1 billion yen. However, the operating profit margin decreased from 12.8% in the same period last year to 11.6%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	2,037	611	590	403	21.6	0	Feb 13, 2023	J-GAAP
Dec, 2023	2,922	856	854	613	28.9	0	Feb 13, 2024	J-GAAP
Dec, 2024	3,542	1,026	1,027	757	35.6	0	Feb 13, 2025	J-GAAP
YoY	+21.2%	+19.9%	+20.3%	+23.5%	+23.0%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Guidance	3,400	1,000	1,000	685	32.2	0	Feb 13, 2024	J-GAAP
Dec, 2024 Results	3,542	1,026	1,027	757	35.6	0	Feb 13, 2025	J-GAAP
Revision Rate	+4.2%	+2.6%	+2.7%	+10.5%	+10.6%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	1,688	469	470	321	15.1	0	Aug 9, 2024	J-GAAP
Jan - Jun, 2025 Guidance	ー	ー	ー	ー	－	0	Feb 13, 2025	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	2,922	856	854	613	28.9	0	Feb 13, 2024	J-GAAP
Dec, 2024	3,542	1,026	1,027	757	35.6	0	Feb 13, 2025	J-GAAP
Dec, 2025 Guidance	4,500	1,130	1,122	778	37.3	0	Feb 13, 2025	J-GAAP
YoY	+27.0%	+10.1%	+9.3%	+2.8%	+4.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	724	93	93	89	4.2	12.8	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	778	69	70	45	2.1	8.9	May 14, 2024	J-GAAP
Apr - Jun, 2024	910	400	400	276	13.0	44.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	958	453	453	323	15.2	47.3	Nov 13, 2024	J-GAAP
Oct - Dec, 2024	896	104	104	113	5.3	11.6	Feb 13, 2025	J-GAAP
YoY	+23.8%	+11.8%	+11.8%	+27.0%	+26.4%