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Odawara Engineering, First Half Ordinary Profit Increases by 3.7 times

Tue Aug 12, 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 August 12th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending December 2025 (January to June) surged 3.7 times that of the same period last year, reaching 2.04 billion yen, exceeded the previous forecast of 1.55 billion yen.

Progress toward the full-year plan of 2.44 billion yen was 83.8%, also surpassing the five-year average of 38.5%.

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 July to December period (second half) is expected to drop 46.0% from the same period last year to 0.39 billion yen.

In the most recent three-month period, from April to June (2Q), the consolidated ordinary profit surged 10.0 times that of the same period last year, reaching 2.11 billion yen. The operating profit margin drastically improved from 7.7% in the same period last year to 25.9%.

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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
Jan - Jun, 2023 7,927 1,313 1,385 993 174.8 65.1 Aug 10, 2023 J-GAAP
Jan - Jun, 2024 4,635 467 560 392 69.0 43.3 Aug 13, 2024 J-GAAP
Jan - Jun, 2025 10,359 2,044 2,044 1,427 250.0 83.8 Aug 12, 2025 J-GAAP
YoY +123.5% +337.7% +265.0% +264.0% +262.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Guidance 9,500 1,530 1,550 1,080 188.8 0 Feb 14, 2025 J-GAAP
Jan - Jun, 2025 Results 10,359 2,044 2,044 1,427 250.0 0 Aug 12, 2025 J-GAAP
Revision Rate +9.0% +33.6% +31.9% +32.1% +32.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 8,540 696 734 473 83.0 50 Feb 14, 2025 J-GAAP
Jul - Dec, 2025 Guidance 7,141 356 396 273 47.7 70 Aug 12, 2025 J-GAAP
YoY -16.4% -48.9% -46.0% -42.3% -42.5%

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 1,700 297.1 70 Feb 14, 2025 J-GAAP
YoY +32.8% +106.4% +88.6% +96.5% +95.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jan - Mar, 2025 2,224 -60 -68 -59 -10.5 -2.7 May 14, 2025 J-GAAP
Apr - Jun, 2025 8,135 2,104 2,112 1,486 260.3 25.9 Aug 12, 2025 J-GAAP
YoY +286.8% +1,206.8% +896.2% +939.2% +934.7%

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