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OBAYASHI CORPORATION, First Half Ordinary Profit Increases by 31%

Mon Nov 11, 2024 3:00 pm JST Earnings

1802 OBAYASHI CORPORATION 【J-GAAP】

Earnings Report

OBAYASHI CORPORATION <1802> [TSE-P] announced its financial results in the afternoon session on November 11th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 49.7 billion yen, an increase of 30.8% compared to the same period last year. The progress rate against the 98 billion yen full-year plan was 50.7%, also surpassing the five-year average of 45.8%.

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 October to March period (second half) is expected to decrease by 9.8% from the same period last year to 48.2 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 29.4 billion yen, an increase of 2.5% compared to the same period last year. The operating profit margin remained almost flat, changing from 4.5% in the same period last year to 4.5%.

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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
Apr - Sep, 2022 924,391 41,785 48,659 38,494 53.7 48.3 Nov 7, 2022 J-GAAP
Apr - Sep, 2023 1,081,360 30,843 38,009 29,741 41.5 41.5 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 1,222,854 44,989 49,107 54,579 76.1 50.1 Nov 11, 2024 J-GAAP
YoY +13.1% +45.9% +29.2% +83.5% +83.5%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － 40 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 1,222,854 44,989 49,107 54,579 76.1 40 Nov 11, 2024 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 1,243,802 48,538 53,506 45,318 63.2 54 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,287,146 48,011 48,893 32,421 45.4 40 Nov 11, 2024 J-GAAP
YoY +3.5% -1.1% -8.6% -28.5% -28.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 1,983,888 93,800 100,802 77,671 108.3 42 May 11, 2023 J-GAAP
Mar, 2024 2,325,162 79,381 91,515 75,059 104.7 75 May 13, 2024 J-GAAP
Mar, 2025 Guidance 2,510,000 93,000 98,000 87,000 121.8 80 May 13, 2024 J-GAAP
YoY +7.9% +17.2% +7.1% +15.9% +16.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 593,916 26,676 28,694 23,150 32.3 4.5 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 620,189 20,365 23,089 17,751 24.8 3.3 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 623,613 28,173 30,417 27,567 38.5 4.5 May 13, 2024 J-GAAP
Apr - Jun, 2024 571,791 15,327 20,236 25,800 36.0 2.7 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 651,063 29,662 28,871 28,779 40.1 4.6 Nov 11, 2024 J-GAAP
YoY +9.6% +11.2% +0.6% +24.3% +24.3%

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