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STORAGE-OH, The Current Fiscal Year Net Income Revised Downward to an Unexpected 44% Decrease

Mon Dec 23, 2024 3:30 pm JST Revision

2997 STORAGE-OH Co.,Ltd. 【J-GAAP】

Guidance Update Report

STORAGE-OH Co.,Ltd. <2997> [TSE Growth] announced a performance revision after the market closed on December 23rd (15:30). The net income (non-consolidated) for the fiscal year ending January 2025 has decreased 53.1%, from the previous forecast of 130 million yen to 61 million yen (compared to 109 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 44.0% decrease in profit. However, the full-year operating profit has been revised upward 1.2%, from the previous forecast of 170 million yen to 172 million yen (compared to 151 million yen in the previous period), increasing the growth rate from 12.6% to 13.9%. The company has further increased its previous forecast of record profits for the first time in two years.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the August to January period (2H) net income has decreased 28.3%, from the previous forecast of 244 million yen to 175 million yen (compared to 211 million yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 17.1% decrease in profit.

Kabutan News

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2024 Prev 3,240 278 277 244 132.1 0 Aug 19, 2024 J-GAAP
Aug - Jan, 2024 New 3,690 280 277 175 94.7 0 Dec 23, 2024 J-GAAP
Revision Rate +13.9% +0.7% 0.0% -28.3% -28.3%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2025 Prev 3,800 170 172 130 70.4 0 Mar 15, 2024 J-GAAP
Jan, 2025 New 4,250 172 172 61 33.0 0 Dec 23, 2024 J-GAAP
Revision Rate +11.8% +1.2% 0.0% -53.1% -53.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2023 2,884 261 264 211 115.2 0 Mar 15, 2024 J-GAAP
Aug - Jan, 2024 Guidance 3,690 280 277 175 94.7 0 Dec 23, 2024 J-GAAP
YoY +27.9% +7.3% +4.9% -17.1% -17.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2023 3,065 153 148 102 58.2 0 Mar 16, 2023 J-GAAP
Jan, 2024 3,325 151 157 109 59.5 0 Mar 15, 2024 J-GAAP
Jan, 2025 Guidance 4,250 172 172 61 33.0 0 Dec 23, 2024 J-GAAP
YoY +27.8% +13.9% +9.6% -44.0% -44.5%

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