OKAYA ELECTRIC INDUSTRIES, The Current Fiscal Year Ordinary Profit Loss Widened in Downward Revision, Dividend Dividend Also Turns to No Dividend

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Thu Feb 13, 2025 3:30 pm JST Earnings

6926 OKAYA ELECTRIC INDUSTRIES CO.,LTD. 【J-GAAP】

Earnings Report

OKAYA ELECTRIC INDUSTRIES CO.,LTD. <6926> [TSE Std] announced its financial results after the market closed on February 13th (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 loss of 1.16 billion yen (compared to a profit of 0.65 billion yen in the same period last year).

In addition, the full-year consolidated ordinary profit/loss has been revised downward from an expected loss of 0.6 billion yen to a loss of 1.48 billion yen (compared to a profit of 0.42 billion yen in the previous period), indicating an expansion in the loss margin.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit/loss for the October to March period (2H) has been revised downward from an expected profit of 0.21 billion yen to a loss of 0.66 billion yen (compared to a loss of 0.2 billion yen in the same period of the previous year), turning to a loss outlook.

Due to a decline in performance, the plan to pay a year-end lump-sum dividend of 4 yen has been abandoned, and the policy has been set to forego dividends for the first time in three terms, falling to a no-dividend status (compared to 4 yen in the prior term).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a loss of 0.35 billion yen (compared to a profit of 0.01 billion yen in the same period last year). The operating profit/loss margin drastically worsened from -1.5% in the same period last year to -12.6%.

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	13,255	462	643	517	23.2	77.5	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	11,387	555	651	478	21.4	151.7	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	6,971	-1,204	-1,165	-1,158	-51.8	ー	Feb 13, 2025	J-GAAP
YoY	-38.8%	－	－	－	－

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	6,964	298	213	108	4.8	4	Nov 13, 2024	J-GAAP
Oct - Mar, 2024 New	5,464	-602	-667	-732	-32.7	0	Feb 13, 2025	J-GAAP
Revision Rate	-21.5%	－	－	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	11,500	-600	-600	-690	-30.8	4	Aug 9, 2024	J-GAAP
Mar, 2025 New	10,000	-1,500	-1,480	-1,530	-68.4	0	Feb 13, 2025	J-GAAP
Revision Rate	-13.0%	-150.0%	-146.7%	-121.7%	-121.7%

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	6,185	-203	-207	-347	-15.6	4	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	5,464	-602	-667	-732	-32.7	0	Feb 13, 2025	J-GAAP
YoY	-11.7%	-196.6%	-222.2%	-111.0%	-109.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	17,109	668	830	613	27.4	4	May 12, 2023	J-GAAP
Mar, 2024	14,323	400	429	120	5.4	4	May 15, 2024	J-GAAP
Mar, 2025 Guidance	10,000	-1,500	-1,480	-1,530	-68.4	0	Feb 13, 2025	J-GAAP
YoY	-30.2%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	3,249	-48	15	11	0.5	-1.5	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	2,936	-155	-222	-358	-16.1	-5.3	May 15, 2024	J-GAAP
Apr - Jun, 2024	2,327	-432	-430	-417	-18.7	-18.6	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	2,209	-466	-383	-381	-17.0	-21.1	Nov 13, 2024	J-GAAP
Oct - Dec, 2024	2,435	-306	-352	-360	-16.1	-12.6	Feb 13, 2025	J-GAAP
YoY	-25.1%	-537.5%	－	－	－