Odawara Engineering, 89% Increase in Ordinary Profit, Record High for The First Time in Two Years, Dividend Raised by 20 yen

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Fri Feb 14, 2025 3:30 pm JST Earnings

6149 Odawara Engineering Co.,Ltd. 【J-GAAP】

Earnings Report

Odawara Engineering Co.,Ltd. <6149> [TSE Std] announced its financial results after the market closed on February 14th (15:30). The consolidated ordinary profit for the fiscal year ending December 2024 dropped 39.2% from the previous period to 1.29 billion yen. In the fiscal year ending December 2025, the profit is expected to surge 88.6% the previous term, reaching 2.44 billion yenExpected to reach record high profits for the first time in two years.

At the same time, the company has decided to increase the dividend this fiscal year to 70 yen, an increase of 20 yen from the previous fiscal year.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit decreased to 0.44 billion yen, a 15.0% decrease compared to the same period last year. The operating profit margin decreased from 12.4% in the same period last year to 11.8%.

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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	14,086	967	1,118	801	141.2	25	Feb 14, 2023	J-GAAP
Dec, 2023	14,703	2,012	2,129	1,529	268.9	50	Feb 14, 2024	J-GAAP
Dec, 2024	13,175	1,163	1,294	865	151.8	50	Feb 14, 2025	J-GAAP
YoY	-10.4%	-42.2%	-39.2%	-43.4%	-43.6%

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	16,500	1,700	1,730	1,190	208.5	50	Feb 14, 2024	J-GAAP
Dec, 2024 Results	13,175	1,163	1,294	865	151.8	50	Feb 14, 2025	J-GAAP
Revision Rate	-20.2%	-31.6%	-25.2%	-27.3%	-27.2%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	4,635	467	560	392	69.0	0	Aug 13, 2024	J-GAAP
Jan - Jun, 2025 Guidance	9,500	1,530	1,550	1,080	189.3	0	Feb 14, 2025	J-GAAP
YoY	+105.0%	+227.6%	+176.8%	+175.5%	+174.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	14,703	2,012	2,129	1,529	268.9	50	Feb 14, 2024	J-GAAP
Dec, 2024	13,175	1,163	1,294	865	151.8	50	Feb 14, 2025	J-GAAP
Dec, 2025 Guidance	17,500	2,400	2,440	1,700	297.9	70	Feb 14, 2025	J-GAAP
YoY	+32.8%	+106.4%	+88.6%	+96.5%	+96.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	4,352	538	527	385	67.7	12.4	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	2,532	306	348	249	43.8	12.1	May 14, 2024	J-GAAP
Apr - Jun, 2024	2,103	161	212	143	25.2	7.7	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	5,308	314	286	63	11.1	5.9	Nov 13, 2024	J-GAAP
Oct - Dec, 2024	3,232	382	448	410	71.9	11.8	Feb 14, 2025	J-GAAP
YoY	-25.7%	-29.0%	-15.0%	+6.5%	+6.2%