kabutan

Okayama Paper Industries, First Half Ordinary Profit Decreases by 34%, Sep-Nov Ordinary Profit Decreases by 35%

Fri Jan 10, 2025 1:00 pm JST Earnings

3892 Okayama Paper Industries Co.,Ltd. 【J-GAAP】

Earnings Report

Okayama Paper Industries Co.,Ltd. <3892> [TSE Std] announced its financial results in the afternoon session on January 10th (13:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending May 2025 (June to November) dropped 33.6% from the same period last year to 0.69 billion yen. The progress rate toward the full-year plan of 1.1 billion yen was 63.4%, also surpassing the five-year average of 54.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the December to May period (2H) is expected to drop 44.7% from the same period last year to 0.4 billion yen.

In the most recent three-month period, from September to November (2Q), the ordinary profit dropped to 0.38 billion yen, a 34.9% decrease compared to the same period last year. The operating profit margin significantly dropped from 19.8% in the same period last year to 12.4%.

Kabutan News

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
Jun - Nov, 2022 5,426 286 327 225 45.1 47.2 Jan 12, 2023 J-GAAP
Jun - Nov, 2023 5,834 999 1,050 728 157.7 59.0 Jan 11, 2024 J-GAAP
Jun - Nov, 2024 5,966 637 697 483 104.4 63.4 Jan 10, 2025 J-GAAP
YoY +2.3% -36.2% -33.6% -33.7% -33.8%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2024 Guidance 5,900 600 660 462 99.6 15 Jul 12, 2024 J-GAAP
Jun - Nov, 2024 Results 5,966 637 697 483 104.4 15 Jan 10, 2025 J-GAAP
Revision Rate +1.1% +6.2% +5.6% +4.5% +4.8%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2023 5,677 682 729 429 92.8 15 Jul 12, 2024 J-GAAP
Dec - May, 2024 Guidance 5,534 363 403 287 61.9 15 Jan 10, 2025 J-GAAP
YoY -2.5% -46.8% -44.7% -33.1% -33.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2023 10,870 613 693 494 101.4 17 Jul 14, 2023 J-GAAP
May, 2024 11,511 1,681 1,779 1,157 250.2 24 Jul 12, 2024 J-GAAP
May, 2025 Guidance 11,500 1,000 1,100 770 166.0 30 Jul 12, 2024 J-GAAP
YoY -0.1% -40.5% -38.2% -33.4% -33.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 2,940 582 596 412 89.2 19.8 Jan 11, 2024 J-GAAP
Dec - Feb, 2023 2,745 431 467 324 70.1 15.7 Mar 29, 2024 J-GAAP
Mar - May, 2024 2,932 251 262 105 22.7 8.6 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 2,951 263 309 212 45.9 8.9 Oct 9, 2024 J-GAAP
Sep - Nov, 2024 3,015 374 388 271 58.6 12.4 Jan 10, 2025 J-GAAP
YoY +2.6% -35.7% -34.9% -34.2% -34.3%

Related Articles