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OKAMOTO GLASS, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 79% Decrease

Fri Feb 14, 2025 3:30 pm JST Earnings

7746 OKAMOTO GLASS CO., LTD. 【J-GAAP】

Earnings Report

OKAMOTO GLASS CO., LTD. <7746> [TSE Std] announced its financial results after the market closed on February 14th (15:30). The consolidated ordinary loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded to a loss of 98 million yen (compared to a loss of 28 million yen in the same period last year).

In addition, the full-year consolidated ordinary profit has decreased 81.3%, from the previous forecast of 160 million yen to 30 million yen (compared to 146 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 79.5% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has decreased 52.2%, from the previous forecast of 249 million yen to 119 million yen (compared to 182 million yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 34.6% decrease in profit.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a loss of 9 million yen (compared to a profit of 8 million yen in the same period last year). The operating profit/loss margin drastically worsened from -0.8% in the same period last year to -8.7%.

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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 3,844 155 171 140 6.0 117.1 Feb 14, 2023 J-GAAP
Apr - Dec, 2023 3,062 -87 -28 -45 -1.9 ー Feb 14, 2024 J-GAAP
Apr - Dec, 2024 3,195 -108 -98 -102 -4.4 ー Feb 14, 2025 J-GAAP
YoY +4.3% -24.1% -250.0% -126.7% -127.8%

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 3,070 225 249 201 8.6 0 Nov 14, 2024 J-GAAP
Oct - Mar, 2024 New 2,510 85 119 91 3.9 0 Feb 14, 2025 J-GAAP
Revision Rate -18.2% -62.2% -52.2% -54.7% -54.7%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 5,310 200 160 120 5.2 0 May 14, 2024 J-GAAP
Mar, 2025 New 4,750 60 30 10 0.4 0 Feb 14, 2025 J-GAAP
Revision Rate -10.5% -70.0% -81.3% -91.7% -91.7%

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 2,548 140 182 144 6.2 0 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 2,510 85 119 91 3.9 0 Feb 14, 2025 J-GAAP
YoY -1.5% -39.3% -34.6% -36.8% -37.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 4,886 133 146 214 9.2 0 May 15, 2023 J-GAAP
Mar, 2024 4,583 61 146 101 4.4 0 May 14, 2024 J-GAAP
Mar, 2025 Guidance 4,750 60 30 10 0.4 0 Feb 14, 2025 J-GAAP
YoY +3.6% -1.6% -79.5% -90.1% -90.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 1,027 -8 8 -2 -0.1 -0.8 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 1,521 148 174 146 6.3 9.7 May 14, 2024 J-GAAP
Apr - Jun, 2024 1,023 -34 -18 -21 -0.9 -3.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,217 9 -71 -60 -2.6 0.7 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 955 -83 -9 -21 -0.9 -8.7 Feb 14, 2025 J-GAAP
YoY -7.0% -937.5% － -950.0% -911.1%

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