OCEAN SYSTEM, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 4%

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.

Fri Feb 14, 2025 3:30 pm JST Earnings

3096 OCEAN SYSTEM CORPORATION 【J-GAAP】

Earnings Report

OCEAN SYSTEM CORPORATION <3096> [TSE Std] announced its financial results after the market closed on February 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 3.6% from the same period last year to 1.75 billion yen. However, the progress rate toward the full-year plan of 1.78 billion yen was 98.4%, also surpassing the five-year average of 87.7%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to significant drop 85.9% from the same period last year to 0.02 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 0.68 billion yen, a 9.5% decrease compared to the same period last year. The operating profit margin worsened from 3.2% in the same period last year to 2.8%.

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	58,831	1,076	1,141	665	70.7	92.2	Feb 14, 2023	J-GAAP
Apr - Dec, 2023	64,704	1,748	1,817	1,275	135.5	89.9	Feb 14, 2024	J-GAAP
Apr - Dec, 2024	68,408	1,686	1,751	1,162	123.5	98.4	Feb 14, 2025	J-GAAP
YoY	+5.7%	-3.5%	-3.6%	-8.9%	-8.9%

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	44,172	902	964	563	59.8	12	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	46,087	676	716	487	51.7	7	Nov 14, 2024	J-GAAP
YoY	+4.3%	-25.1%	-25.7%	-13.5%	-13.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	77,710	1,128	1,238	358	38.1	14	May 12, 2023	J-GAAP
Mar, 2024	85,899	1,919	2,022	1,337	142.1	19	May 14, 2024	J-GAAP
Mar, 2025 Guidance	90,600	1,700	1,780	1,190	126.4	14	May 14, 2024	J-GAAP
YoY	+5.5%	-11.4%	-12.0%	-11.0%	-11.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	22,977	731	759	501	53.2	3.2	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	21,195	171	205	62	6.6	0.8	May 14, 2024	J-GAAP
Apr - Jun, 2024	22,367	607	624	430	45.7	2.7	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	22,146	417	440	273	29.0	1.9	Nov 14, 2024	J-GAAP
Oct - Dec, 2024	23,895	662	687	459	48.8	2.8	Feb 14, 2025	J-GAAP
YoY	+4.0%	-9.4%	-9.5%	-8.4%	-8.4%