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ORO, First Half Net Income Decreases by 24%, Apr-Jun Net Income Decreases by 27%
3983 ORO Co.,Ltd. 【IFRS】
Earnings ReportORO Co.,Ltd. <3983> [TSE Prime] announced its financial results (based on IFRS) after the market closed on August 14th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending December 2025 (January to June) decreased 24.2% from the same period last year to 0.75 billion yen. Progress toward the full-year plan of 2.09 billion yen was 35.9%, also falling below the four-year average of 46.2%.
Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the July to December period (second half) is expected to grow 24.9% from the same period last year, reaching 1.34 billion yen.
In the most recent three-month period, from April to June (2Q), the consolidated net income decreased to 0.34 billion yen, a 27.2% decrease compared to the same period last year. The operating profit margin decreased from 32.5% in the same period last year to 28.2%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Jun, 2023 | 3,281 | 1,175 | 1,242 | 857 | 53.2 | 47.7 | Aug 14, 2023 | IFRS |
| Jan - Jun, 2024 | 3,815 | 1,309 | 1,444 | 995 | 61.7 | 50.6 | Aug 14, 2024 | IFRS |
| Jan - Jun, 2025 | 3,891 | 1,202 | 1,091 | 754 | 47.4 | 36.1 | Aug 14, 2025 | IFRS |
| YoY | +2.0% | -8.2% | -24.4% | -24.2% | -23.2% |
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 | 4,163 | 1,187 | 1,204 | 835 | 52.6 | 0 | Feb 14, 2025 | IFRS |
| Jan - Jun, 2025 Results | 3,891 | 1,202 | 1,091 | 754 | 47.4 | 0 | Aug 14, 2025 | IFRS |
| Revision Rate | -6.5% | +1.3% | -9.4% | -9.7% | -9.9% |
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 | 4,084 | 1,411 | 1,412 | 1,077 | 66.8 | 35 | Feb 14, 2025 | IFRS |
| Jul - Dec, 2025 Guidance | 5,251 | 1,783 | 1,929 | 1,345 | 86.3 | 50 | Aug 14, 2025 | IFRS |
| YoY | +28.6% | +26.4% | +36.6% | +24.9% | +29.2% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec, 2023 | 7,033 | 2,547 | 2,602 | 1,836 | 113.9 | 30 | Feb 14, 2024 | IFRS |
| Dec, 2024 | 7,899 | 2,720 | 2,856 | 2,072 | 128.6 | 35 | Feb 14, 2025 | IFRS |
| Dec, 2025 Guidance | 9,142 | 2,985 | 3,020 | 2,099 | 134.7 | 50 | Feb 14, 2025 | IFRS |
| YoY | +15.7% | +9.7% | +5.7% | +1.3% | +4.8% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Jun, 2024 | 1,895 | 615 | 687 | 474 | 29.4 | 32.5 | Aug 14, 2024 | IFRS |
| Jul - Sep, 2024 | 1,984 | 681 | 554 | 386 | 23.9 | 34.3 | Nov 14, 2024 | IFRS |
| Oct - Dec, 2024 | 2,100 | 730 | 858 | 691 | 42.9 | 34.8 | Feb 14, 2025 | IFRS |
| Jan - Mar, 2025 | 1,980 | 664 | 591 | 409 | 25.7 | 33.5 | May 14, 2025 | IFRS |
| Apr - Jun, 2025 | 1,911 | 538 | 500 | 345 | 21.7 | 28.2 | Aug 14, 2025 | IFRS |
| YoY | +0.8% | -12.5% | -27.2% | -27.2% | -26.3% |
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