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Open Up Group, Jul-Mar (Cumulative 3Q) Net Income Increases by 6%

Fri May 9, 2025 3:00 pm JST Earnings

2154 Open Up Group Inc. 【IFRS】

Earnings Report

Open Up Group Inc. <2154> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on May 9th (15:00). The consolidated net income for the cumulative third quarter of the fiscal year ending June 2025 (July 2024 to March 2025) increased 6.3% from the same period last year, reaching 8.73 billion yen. The progress rate toward the full-year plan of 11 billion yen was 79.4%, almost the same as the three-year average of 80.7%.

Based on the cumulative third-quarter performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the April to June period (4Q) is expected to drop 36.2% from the same period last year to 2.26 billion yen.

In the most recent three-month period, from January to March (3Q), the consolidated net income amounted to 2.85 billion yen, a 0.6% decrease compared to the same period last year. The operating profit margin worsened from 9.0% in the same period last year to 8.6%.

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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
Jul - Mar, 2022 111,761 10,834 10,906 7,821 89.3 87.2 May 12, 2023 IFRS
Jul - Mar, 2023 126,668 11,648 11,739 8,218 94.9 80.7 May 10, 2024 IFRS
Jul - Mar, 2024 146,806 12,909 12,787 8,735 100.6 82.5 May 9, 2025 IFRS
YoY +15.9% +10.8% +8.9% +6.3% +6.0%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Prev 83,963 6,530 ー 5,116 58.9 45 Feb 27, 2025 IFRS
Jan - Jun, 2025 New 83,963 6,530 6,556 5,116 58.9 45 May 9, 2025 IFRS
Revision Rate 0.0% 0.0% － 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2025 Prev 185,000 15,500 ー 11,000 126.6 75 Feb 27, 2025 IFRS
Jun, 2025 New 185,000 15,500 15,500 11,000 126.6 75 May 9, 2025 IFRS
Revision Rate 0.0% 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 88,172 6,382 6,687 6,417 74.0 45 Aug 9, 2024 IFRS
Jan - Jun, 2025 Guidance 83,963 6,530 6,556 5,116 58.9 45 May 9, 2025 IFRS
YoY -4.8% +2.3% -2.0% -20.3% -20.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2023 150,697 12,164 12,508 9,533 109.1 50 Aug 10, 2023 IFRS
Jun, 2024 173,225 14,293 14,555 11,768 135.8 65 Aug 9, 2024 IFRS
Jun, 2025 Guidance 185,000 15,500 15,500 11,000 126.6 75 May 9, 2025 IFRS
YoY +6.8% +8.4% +6.5% -6.5% -6.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 41,615 3,737 3,871 2,867 33.1 9.0 May 10, 2024 IFRS
Apr - Jun, 2024 46,557 2,645 2,816 3,550 41.0 5.7 Aug 9, 2024 IFRS
Jul - Sep, 2024 48,366 4,149 3,971 2,387 27.5 8.6 Nov 8, 2024 IFRS
Oct - Dec, 2024 52,671 4,821 4,973 3,497 40.3 9.2 Feb 7, 2025 IFRS
Jan - Mar, 2025 45,769 3,939 3,843 2,851 32.8 8.6 May 9, 2025 IFRS
YoY +10.0% +5.4% -0.7% -0.6% -0.8%

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