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ORO, Net Income Forecast for the Fiscal Year Revised Downward to an Unexpected 19% Decrease

Fri Nov 14, 2025 3:30 pm JST Earnings

3983 ORO Co.,Ltd. 【IFRS】

Earnings Report

ORO Co.,Ltd. <3983> [TSE Prime] announced its financial results (based on IFRS) after the market closed on November 14th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending December 2025 (January to September) decreased 10.6% from the same period last year to 1.23 billion yen.

In addition, the full-year forecast for consolidated net income has decreased 20.4%, from the previous forecast of 2.09 billion yen to 1.67 billion yen (compared to 2.07 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 19.4% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income for the July to December period (second half) has decreased 31.8%, from the previous forecast of 1.34 billion yen to 0.91 billion yen (compared to 1.07 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 14.9% decrease in profit.

In the most recent three-month period, from July to September (3Q), the consolidated net income grew 24.4% from the same period last year, reaching 0.48 billion yen. However, the operating profit margin decreased from 34.3% in the same period last year to 31.1%.

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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
Jan - Sep, 2023 5,158 1,880 1,978 1,366 84.7 76.0 Nov 14, 2023 IFRS
Jan - Sep, 2024 5,799 1,990 1,998 1,381 85.6 70.0 Nov 14, 2024 IFRS
Jan - Sep, 2025 5,994 1,856 1,784 1,234 78.0 72.2 Nov 14, 2025 IFRS
YoY +3.4% -6.7% -10.7% -10.6% -8.9%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2025 Prev 5,251 1,783 1,929 1,345 86.3 50 Aug 14, 2025 IFRS
Jul - Dec, 2025 New 4,374 1,321 1,380 917 58.8 50 Nov 14, 2025 IFRS
Revision Rate -16.7% -25.9% -28.5% -31.8% -31.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 9,142 2,985 3,020 2,099 134.7 50 Feb 14, 2025 IFRS
Dec, 2025 New 8,265 2,523 2,471 1,671 107.2 50 Nov 14, 2025 IFRS
Revision Rate -9.6% -15.5% -18.2% -20.4% -20.4%

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 4,084 1,411 1,412 1,077 66.8 35 Feb 14, 2025 IFRS
Jul - Dec, 2025 Guidance 4,374 1,321 1,380 917 58.8 50 Nov 14, 2025 IFRS
YoY +7.1% -6.4% -2.3% -14.9% -11.9%

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 8,265 2,523 2,471 1,671 107.2 50 Nov 14, 2025 IFRS
YoY +4.6% -7.2% -13.5% -19.4% -16.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jul - Sep, 2025 2,103 654 693 480 30.3 31.1 Nov 14, 2025 IFRS
YoY +6.0% -4.0% +25.1% +24.4% +26.7%

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