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OHMURA SHIGYO CO.,LTD, First Half Ordinary Profit Decreases by 29%, July-September Ordinary Profit Decreases by 22%

Wed Nov 13, 2024 3:30 pm JST Earnings

3953 OHMURA SHIGYO CO.,LTD 【J-GAAP】

Earnings Report

OHMURA SHIGYO CO.,LTD <3953> [TSE-S] announced its financial results after the market closed on November 13th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 28.6% from the same period last year to 125 million yen. The progress rate against the 372 million yen full-year plan was 33.6%, also falling below the five-year average of 51.7%.

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 October to March period (second half) is expected to expand by 35.0% from the same period last year, reaching 247 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit decreased to 74 million yen, a 22.1% decrease compared to the same period last year. The operating profit margin worsened from 6.8% in the same period last year to 5.2%.

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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 2,639 167 168 110 29.6 62.0 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 2,806 171 175 115 32.3 48.9 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 2,919 123 125 77 21.9 33.6 Nov 13, 2024 J-GAAP
YoY +4.0% -28.1% -28.6% -33.0% -32.4%

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 2,919 123 125 77 21.6 0 Nov 12, 2024 J-GAAP
Apr - Sep, 2024 Results 2,919 123 125 77 21.9 0 Nov 13, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +1.1%

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 2,930 170 183 133 37.4 30 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 2,966 249 247 183 51.4 30 Nov 12, 2024 J-GAAP
YoY +1.2% +46.5% +35.0% +37.6% +37.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 5,424 268 271 26 7.2 10 May 12, 2023 J-GAAP
Mar, 2024 5,736 341 358 248 69.8 30 May 14, 2024 J-GAAP
Mar, 2025 Guidance 5,885 372 372 260 73.0 30 May 14, 2024 J-GAAP
YoY +2.6% +9.1% +3.9% +4.8% +4.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,412 96 95 61 17.1 6.8 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 1,563 89 90 61 17.1 5.7 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 1,367 81 93 72 20.3 5.9 May 14, 2024 J-GAAP
Apr - Jun, 2024 1,469 48 51 31 8.9 3.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,450 75 74 46 13.1 5.2 Nov 13, 2024 J-GAAP
YoY +2.7% -21.9% -22.1% -24.6% -23.8%

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