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ORIGINAL ENGINEERING CONSULTANTS CO.,LTD., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 10%

Wed Nov 6, 2024 3:00 pm JST Earnings

4642 ORIGINAL ENGINEERING CONSULTANTS CO.,LTD. 【J-GAAP】

Earnings Report

ORIGINAL ENGINEERING CONSULTANTS CO.,LTD. <4642> [TSE-S] announced its financial results in the afternoon session on November 6th (15:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 10.1% from the same period last year, reaching 676 million yen. The progress rate against the 710 million yen full-year plan was 95.2%, also surpassing the five-year average of 75.5%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to December period (4Q) is expected to significant drop by 80.3% from the same period last year to 34 million yen.

In the most recent three-month period, from July to September (3Q), the ordinary loss expanded to a loss of 207 million yen (compared to a loss of 184 million yen in the same period last year). However, the operating profit/loss margin remained almost flat, changing from -17.1% in the same period last year to -17.1%.

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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
Jan - Sep, 2022 4,425 371 375 212 36.3 50.1 Nov 4, 2022 J-GAAP
Jan - Sep, 2023 4,825 599 614 375 63.9 78.0 Nov 7, 2023 J-GAAP
Jan - Sep, 2024 5,189 668 676 509 86.5 95.2 Nov 6, 2024 J-GAAP
YoY +7.5% +11.5% +10.1% +35.7% +35.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 2,893 -12 -11 -44 -7.5 32 Feb 5, 2024 J-GAAP
Jul - Dec, 2024 Guidance 2,701 -172 -173 -219 -37.5 32 Aug 7, 2024 J-GAAP
YoY -6.6% -1,333.3% -1,472.7% -397.7% -400.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 6,486 739 748 415 70.9 32 Feb 7, 2023 J-GAAP
Dec, 2023 6,633 773 787 477 81.2 32 Feb 5, 2024 J-GAAP
Dec, 2024 Guidance 6,700 700 710 450 77.0 32 Feb 5, 2024 J-GAAP
YoY +1.0% -9.4% -9.8% -5.7% -5.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,085 -186 -184 -146 -24.9 -17.1 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 1,808 174 173 102 17.4 9.6 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 2,397 606 611 409 69.5 25.3 May 10, 2024 J-GAAP
Apr - Jun, 2024 1,602 266 272 260 44.1 16.6 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 1,190 -204 -207 -160 -27.2 -17.1 Nov 6, 2024 J-GAAP
YoY +9.7% -9.7% -12.5% -9.6% -9.2%

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