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Okayama Paper Industries, Jun-Feb (Cumulative 3Q) Ordinary Profit Decreases by 34%, Dec-Feb Ordinary Profit Decreases by 36%

Fri Apr 11, 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 April 11th (13:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending May 2025 (June 2024 to February 2025) dropped 34.4% from the same period last year to 0.99 billion yen. The progress rate toward the full-year plan of 1.1 billion yen was 90.5%, also surpassing the five-year average of 74.1%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the March to May period (4Q) is expected to significant drop 59.9% from the same period last year to 0.1 billion yen.

In the most recent three-month period, from December to February (3Q), the ordinary profit dropped to 0.29 billion yen, a 36.2% decrease compared to the same period last year. The operating profit margin significantly dropped from 15.7% in the same period last year to 9.5%.

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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
Jun - Feb, 2022 8,014 371 442 305 61.7 63.8 Mar 30, 2023 J-GAAP
Jun - Feb, 2023 8,579 1,430 1,517 1,052 227.6 85.3 Mar 29, 2024 J-GAAP
Jun - Feb, 2024 8,678 894 995 681 147.0 90.5 Apr 11, 2025 J-GAAP
YoY +1.2% -37.5% -34.4% -35.3% -35.4%

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
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
Dec - Feb, 2024 2,712 257 298 198 42.7 9.5 Apr 11, 2025 J-GAAP
YoY -1.2% -40.4% -36.2% -38.9% -39.0%

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