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Oenon Holdings, Inc., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 17%, Current Fiscal Year Dividend Revised Upward by 2 yen

Thu Nov 7, 2024 3:30 pm JST Earnings

2533 Oenon Holdings, Inc. 【J-GAAP】

Earnings Report

Oenon Holdings, Inc. <2533> [TSE-P] announced its financial results after the market closed on November 7th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 17.3% from the same period last year to 2.16 billion yen. The progress rate against the 3 billion yen full-year plan was 72.1%, which was higher than the five-year average of 65.3%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to decrease by 23.0% from the same period last year to 838 million yen.

At the same time, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 8 yen to 10 yen (compared to 8 yen in the previous period).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 455 million yen, a 11.3% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 2.6% in the same period last year to 2.4%.

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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, 2022 57,992 -869 -799 -1,351 -22.7 Nov 4, 2022 J-GAAP
Jan - Sep, 2023 62,108 2,530 2,614 2,058 35.4 70.6 Nov 7, 2023 J-GAAP
Jan - Sep, 2024 60,466 2,063 2,162 1,613 27.9 72.1 Nov 7, 2024 J-GAAP
YoY -2.6% -18.5% -17.3% -21.6% -21.0%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Prev 44,761 1,428 1,293 734 12.9 8 Aug 7, 2024 J-GAAP
Jul - Dec, 2024 New 44,761 1,428 1,293 734 12.9 10 Nov 7, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 85,000 3,000 3,000 2,000 35.1 8 Feb 9, 2024 J-GAAP
Dec, 2024 New 85,000 3,000 3,000 2,000 35.1 10 Nov 7, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 42,290 1,556 1,601 1,675 28.8 8 Feb 9, 2024 J-GAAP
Jul - Dec, 2024 Guidance 44,761 1,428 1,293 734 12.9 10 Nov 7, 2024 J-GAAP
YoY +5.8% -8.2% -19.2% -56.2% -55.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 81,120 -707 -645 -1,257 -21.2 5 Feb 10, 2023 J-GAAP
Dec, 2023 84,947 3,585 3,702 3,393 58.3 8 Feb 9, 2024 J-GAAP
Dec, 2024 Guidance 85,000 3,000 3,000 2,000 35.1 10 Nov 7, 2024 J-GAAP
YoY +0.1% -16.3% -19.0% -41.1% -39.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 19,451 501 513 340 5.8 2.6 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 22,839 1,055 1,088 1,335 22.9 4.6 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 18,827 624 673 498 8.6 3.3 May 10, 2024 J-GAAP
Apr - Jun, 2024 21,412 948 1,034 768 13.2 4.4 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 20,227 491 455 347 6.0 2.4 Nov 7, 2024 J-GAAP
YoY +4.0% -2.0% -11.3% +2.1% +2.9%

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