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OKUMURA ENGINEERING, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 32% Increase
6229 OKUMURA ENGINEERING corp. 【J-GAAP】
Earnings ReportOKUMURA ENGINEERING corp. <6229> [TSE Std] announced its financial results in the afternoon session on November 14th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 671 million yen, an increase 45.2% compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 45.9% decrease.
In addition, the full-year forecast for consolidated ordinary profit has been revised upward 44.1%, from the previous forecast of 680 million yen to 980 million yen (compared to 740 million yen in the previous period), turning to a 32.4% increase in the consolidated ordinary profit outlook.
Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow 11.2% from the same period last year, reaching 309 million yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 46.6% from the same period last year, reaching 192 million yen. However, the operating profit margin worsened from 6.4% in the same period last year to 6.0%.
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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 |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 4,446 | 288 | 335 | 231 | 51.1 | 44.7 | Nov 14, 2023 | J-GAAP |
| Apr - Sep, 2024 | 5,060 | 476 | 462 | 323 | 71.5 | 62.4 | Nov 14, 2024 | J-GAAP |
| Apr - Sep, 2025 | 5,598 | 627 | 671 | 460 | 102.3 | 68.5 | Nov 14, 2025 | J-GAAP |
| YoY | +10.6% | +31.7% | +45.2% | +42.4% | +43.1% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 Guidance | 5,200 | 250 | 250 | 170 | 37.9 | 0 | May 15, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 5,598 | 627 | 671 | 460 | 102.3 | 0 | Nov 14, 2025 | J-GAAP |
| Revision Rate | +7.7% | +150.8% | +168.4% | +170.6% | +169.8% |
Guidance Update
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 10,700 | 680 | 680 | 450 | 100.3 | 40 | May 15, 2025 | J-GAAP |
| Mar, 2026 New | 11,100 | 970 | 980 | 640 | 142.7 | 40 | Nov 14, 2025 | J-GAAP |
| Revision Rate | +3.7% | +42.6% | +44.1% | +42.2% | +42.2% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 | 5,378 | 307 | 278 | 230 | 50.8 | 45 | May 15, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 5,502 | 343 | 309 | 180 | 40.1 | 40 | Nov 14, 2025 | J-GAAP |
| YoY | +2.3% | +11.7% | +11.2% | -21.7% | -21.0% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 9,484 | 667 | 749 | 511 | 113.0 | 40 | May 15, 2024 | J-GAAP |
| Mar, 2025 | 10,438 | 783 | 740 | 553 | 122.2 | 45 | May 15, 2025 | J-GAAP |
| Mar, 2026 Guidance | 11,100 | 970 | 980 | 640 | 142.7 | 40 | Nov 14, 2025 | J-GAAP |
| YoY | +6.3% | +23.9% | +32.4% | +15.7% | +16.8% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 2,701 | 173 | 131 | 89 | 19.7 | 6.4 | Nov 14, 2024 | J-GAAP |
| Oct - Dec, 2024 | 2,687 | 455 | 442 | 318 | 70.4 | 16.9 | Feb 14, 2025 | J-GAAP |
| Jan - Mar, 2025 | 2,691 | -148 | -164 | -88 | -19.5 | -5.5 | May 15, 2025 | J-GAAP |
| Apr - Jun, 2025 | 2,826 | 461 | 479 | 318 | 70.5 | 16.3 | Aug 14, 2025 | J-GAAP |
| Jul - Sep, 2025 | 2,772 | 166 | 192 | 142 | 31.6 | 6.0 | Nov 14, 2025 | J-GAAP |
| YoY | +2.6% | -4.0% | +46.6% | +59.6% | +60.3% |
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