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ONEX, First Half Ordinary Profit Turns to Profit

Fri Feb 14, 2025 4:00 pm JST Earnings

5987 ONEX Corporation 【J-GAAP】

Earnings Report

ONEX Corporation <5987> [TSE Std] announced its financial results after the market closed on February 14th (16:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending June 2025 (July to December) turned into a profit of 67 million yen (compared to a loss of 44 million yen in the same period last year). However, the progress rate toward the full-year plan of 312 million yen was 21.5%, also falling below the five-year average of 98.4%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to June period (2H) is expected to surge 2.9 times that of the same period last year, reaching 245 million yen.

In the most recent three-month period, from October to December (2Q), the consolidated ordinary profit/loss turned to a profit of 72 million yen (compared to a loss of 31 million yen in the same period last year). The operating profit/loss margin drastically improved from -1.3% in the same period last year to 5.1%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jul - Dec, 2022 2,768 65 76 44 27.1 39.2 Feb 14, 2023 J-GAAP
Jul - Dec, 2023 2,476 -19 -44 225 136.0 ー Feb 14, 2024 J-GAAP
Jul - Dec, 2024 2,527 55 67 0 -0.2 21.5 Feb 14, 2025 J-GAAP
YoY +2.1% － － － －

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Guidance 2,527 55 67 0 0.0 0 Feb 10, 2025 J-GAAP
Jul - Dec, 2024 Results 2,527 55 67 0 -0.2 0 Feb 14, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 2,491 74 85 -602 -364.0 20 Aug 13, 2024 J-GAAP
Jan - Jun, 2025 Guidance 2,974 258 245 291 175.8 20 Feb 10, 2025 J-GAAP
YoY +19.4% +248.6% +188.2% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2023 5,365 74 194 221 133.7 20 Aug 10, 2023 J-GAAP
Jun, 2024 4,967 55 41 -377 -228.0 20 Aug 13, 2024 J-GAAP
Jun, 2025 Guidance 5,501 313 312 291 175.8 20 Oct 30, 2024 J-GAAP
YoY +10.8% +469.1% +661.0% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 1,220 -16 -31 -26 -15.7 -1.3 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 1,216 -3 0 1 0.6 -0.2 May 14, 2024 J-GAAP
Apr - Jun, 2024 1,275 77 85 -603 -364.6 6.0 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 1,230 -11 -5 -21 -13.3 -0.9 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 1,297 66 72 21 13.0 5.1 Feb 14, 2025 J-GAAP
YoY +6.3% － － － －

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