OLYMPUS, The Current Fiscal Year Net Income Revised Downward by 13%

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Fri Feb 14, 2025 3:30 pm JST Earnings

7733 OLYMPUS CORPORATION 【IFRS】

Earnings Report

OLYMPUS CORPORATION <7733> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 14th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) significantly dropped 67.5% from the same period last year to 76.3 billion yen.

In addition, the full-year consolidated net income has decreased 13.2%, from the previous forecast of 121 billion yen to 105 billion yen (compared to 242 billion yen in the previous period), leading to an increase in the profit decline rate from 50.1% to 56.7%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income for the October to March period (2H) has decreased 22.2%, from the previous forecast of 72 billion yen to 56 billion yen (compared to 26.2 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 2.7 times to 2.1 times.

In the most recent three-month period, from October to December (3Q), the consolidated net income increased 44.9% from the same period last year, reaching 27.4 billion yen. The operating profit margin rose from 14.5% in the same period last year to 15.2%.

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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	641,545	142,572	139,370	108,217	85.1	76.5	Feb 10, 2023	IFRS
Apr - Dec, 2023	668,097	37,985	31,983	235,212	191.6	89.2	Feb 14, 2024	IFRS
Apr - Dec, 2024	725,221	108,795	105,216	76,384	66.4	72.1	Feb 14, 2025	IFRS
YoY	+8.6%	+186.4%	+229.0%	-67.5%	-65.3%

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	534,971	105,470	101,195	72,022	63.9	20	Nov 8, 2024	IFRS
Oct - Mar, 2024 New	523,471	80,470	77,195	56,022	49.7	20	Feb 14, 2025	IFRS
Revision Rate	-2.1%	-23.7%	-23.7%	-22.2%	-22.2%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	1,009,000	176,000	170,000	121,000	107.3	20	Aug 7, 2024	IFRS
Mar, 2025 New	997,500	151,000	146,000	105,000	93.1	20	Feb 14, 2025	IFRS
Revision Rate	-1.1%	-14.2%	-14.1%	-13.2%	-13.2%

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	504,617	39,831	37,905	26,270	21.7	18	May 10, 2024	IFRS
Oct - Mar, 2024 Guidance	523,471	80,470	77,195	56,022	49.7	20	Feb 14, 2025	IFRS
YoY	+3.7%	+102.0%	+103.7%	+113.3%	+129.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	881,923	186,609	182,294	143,432	113.2	16	May 12, 2023	IFRS
Mar, 2024	936,210	43,598	35,854	242,566	199.9	18	May 10, 2024	IFRS
Mar, 2025 Guidance	997,500	151,000	146,000	105,000	93.1	20	Feb 14, 2025	IFRS
YoY	+6.5%	+246.3%	+307.2%	-56.7%	-53.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	236,504	34,218	34,034	18,916	15.4	14.5	Feb 14, 2024	IFRS
Jan - Mar, 2024	268,113	5,613	3,871	7,354	6.1	2.1	May 10, 2024	IFRS
Apr - Jun, 2024	234,821	27,477	26,398	14,583	12.5	11.7	Aug 7, 2024	IFRS
Jul - Sep, 2024	239,208	43,053	42,407	34,395	29.7	18.0	Nov 8, 2024	IFRS
Oct - Dec, 2024	251,192	38,265	36,411	27,406	23.8	15.2	Feb 14, 2025	IFRS
YoY	+6.2%	+11.8%	+7.0%	+44.9%	+54.6%