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OBAYASHI , The Current Fiscal Year Ordinary Profit Revised Upward by 46%

Mon Feb 10, 2025 12:00 pm JST Earnings

1802 OBAYASHI CORPORATION 【J-GAAP】

Earnings Report

OBAYASHI CORPORATION <1802> [TSE Prime] announced its financial results at noon (12:00) on February 10th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 105 billion yen, an increase 73.0% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 45.9%, from the previous forecast of 98 billion yen to 143 billion yen (compared to 91.5 billion yen in the previous period), increasing the growth rate from 7.1% to 56.3%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 93.2%, from the previous forecast of 48.2 billion yen to 93.2 billion yen (compared to 53.5 billion yen in the same period of the previous year), turning to a 74.3% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.4 times that of the same period last year, reaching 55.9 billion yen. The operating profit margin significantly improved from 3.3% in the same period last year to 8.1%.

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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
Apr - Dec, 2022 1,441,095 65,713 73,032 56,550 78.9 72.5 Feb 6, 2023 J-GAAP
Apr - Dec, 2023 1,701,549 51,208 61,098 47,492 66.2 66.8 Feb 5, 2024 J-GAAP
Apr - Dec, 2024 1,881,161 97,172 105,684 95,551 133.3 73.9 Feb 10, 2025 J-GAAP
YoY +10.6% +89.8% +73.0% +101.2% +101.2%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 1,269,404 47,503 48,281 31,900 44.7 40 Nov 11, 2024 J-GAAP
Oct - Mar, 2024 New 1,369,404 86,503 93,281 72,900 102.0 40 Feb 10, 2025 J-GAAP
Revision Rate +7.9% +82.1% +93.2% +128.5% +128.5%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 2,510,000 93,000 98,000 87,000 121.8 80 May 13, 2024 J-GAAP
Mar, 2025 New 2,610,000 132,000 143,000 128,000 179.2 80 Feb 10, 2025 J-GAAP
Revision Rate +4.0% +41.9% +45.9% +47.1% +47.1%

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 1,369,404 86,503 93,281 72,900 102.0 40 Feb 10, 2025 J-GAAP
YoY +10.1% +78.2% +74.3% +60.9% +61.4%

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 2,610,000 132,000 143,000 128,000 179.2 80 Feb 10, 2025 J-GAAP
YoY +12.3% +66.3% +56.3% +70.5% +71.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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 668,805 30,170 29,483 29,300 40.9 4.5 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 640,565 51,675 55,965 40,451 56.4 8.1 Feb 10, 2025 J-GAAP
YoY +3.3% +153.7% +142.4% +127.9% +127.9%

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