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OpenWork Inc., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 21%, July-September Ordinary Profit Increases by 78%

Wed Nov 13, 2024 12:00 pm JST Earnings

5139 OpenWork Inc. 【J-GAAP】

Earnings Report

OpenWork Inc. <5139> [TSE-G] announced its financial results at noon (12:00) on November 13th. The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 21.3% from the same period last year, reaching 923 million yen. The progress rate against the 1 billion yen full-year plan was 92.3%, also surpassing the progress rate of 89.1% from the same period of the previous year.

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 decrease by 17.2% from the same period last year to 77 million yen.

In the most recent three-month period, from July to September (3Q), the ordinary profit increased by 78.3% from the same period last year, reaching 453 million yen. The operating profit margin jumped from 33.9% in the same period last year to 47.3%.

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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, 2023 2,198 763 761 524 24.7 89.1 Nov 13, 2023 J-GAAP
Jan - Sep, 2024 2,646 922 923 644 30.3 92.3 Nov 13, 2024 J-GAAP
YoY +20.4% +20.8% +21.3% +22.9% +22.4%

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 1,474 347 347 265 12.5 0 Feb 13, 2024 J-GAAP
Jul - Dec, 2024 Guidance 1,712 531 530 364 17.1 0 Aug 9, 2024 J-GAAP
YoY +16.1% +53.0% +52.7% +37.4% +36.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 2,037 611 590 403 21.6 0 Feb 13, 2023 J-GAAP
Dec, 2023 2,922 856 854 613 28.9 0 Feb 13, 2024 J-GAAP
Dec, 2024 Guidance 3,400 1,000 1,000 685 32.2 0 Feb 13, 2024 J-GAAP
YoY +16.4% +16.8% +17.1% +11.7% +11.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 750 254 254 176 8.3 33.9 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 724 93 93 89 4.2 12.8 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 778 69 70 45 2.1 8.9 May 14, 2024 J-GAAP
Apr - Jun, 2024 910 400 400 276 13.0 44.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 958 453 453 323 15.2 47.3 Nov 13, 2024 J-GAAP
YoY +27.7% +78.3% +78.3% +83.5% +82.8%

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