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OHISHI SANGYO CO.,LTD., First Half Ordinary Profit Decreases by 35%, July-September Ordinary Profit Decreases by 45%

Thu Nov 14, 2024 3:30 pm JST Earnings

3943 OHISHI SANGYO CO.,LTD. 【J-GAAP】

Earnings Report

OHISHI SANGYO CO.,LTD. <3943> [TSE-S] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 34.6% from the same period last year to 469 million yen. The progress rate against the 1.4 billion yen full-year plan was 33.5%, also falling below the five-year average of 50.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand by 47.8% from the same period last year, reaching 931 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 176 million yen, a 45.0% decrease compared to the same period last year. The operating profit margin worsened from 4.9% in the same period last year to 3.3%.

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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
Apr - Sep, 2022 10,736 710 891 630 81.7 63.7 Nov 2, 2022 J-GAAP
Apr - Sep, 2023 10,811 566 717 608 78.6 53.2 Nov 2, 2023 J-GAAP
Apr - Sep, 2024 11,440 386 469 444 57.3 33.5 Nov 14, 2024 J-GAAP
YoY +5.8% -31.8% -34.6% -27.0% -27.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － 16 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 11,440 386 469 444 57.3 16 Nov 14, 2024 J-GAAP
Revision Rate － － － － －

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 11,153 520 630 457 59.0 16 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 12,010 784 931 581 74.6 16 Nov 14, 2024 J-GAAP
YoY +7.7% +50.8% +47.8% +27.1% +26.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 21,788 1,125 1,398 902 116.8 32 May 12, 2023 J-GAAP
Mar, 2024 21,964 1,086 1,347 1,065 137.5 32 May 10, 2024 J-GAAP
Mar, 2025 Guidance 23,450 1,170 1,400 1,025 131.6 32 Aug 22, 2024 J-GAAP
YoY +6.8% +7.7% +3.9% -3.8% -4.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 5,277 259 320 386 49.9 4.9 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 5,762 269 305 180 23.3 4.7 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 5,391 251 325 277 35.8 4.7 May 10, 2024 J-GAAP
Apr - Jun, 2024 5,726 196 293 311 40.2 3.4 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 5,714 190 176 133 17.2 3.3 Nov 14, 2024 J-GAAP
YoY +8.3% -26.6% -45.0% -65.5% -65.6%

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