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OpenWork, 9% Increase in Ordinary Profit, Update Record High for Fourth Consecutive Term

Thu Feb 13, 2025 12:00 pm JST Earnings

5139 OpenWork Inc. 【J-GAAP】

Earnings Report

OpenWork Inc. <5139> [TSE Growth] announced its financial results at noon (12:00) on February 13th. The ordinary profit (non-consolidated) for the fiscal year ending December 2024 increased 20.3% from the previous period to 1.02 billion yen. In the fiscal year ending December 2025, the profit is expected to grow by 9.3% to 1.12 billion yen, marking the fourth consecutive term of record-high profits. This will be the eighth consecutive term of revenue and the fifth consecutive term of profit growth.

In the most recent three-month period, from October to December (4Q), the ordinary profit grew 11.8% from the same period last year, reaching 0.1 billion yen. However, the operating profit margin decreased from 12.8% in the same period last year to 11.6%.

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Actual Results

Historical Performance
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 3,542 1,026 1,027 757 35.6 0 Feb 13, 2025 J-GAAP
YoY +21.2% +19.9% +20.3% +23.5% +23.0%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Guidance 3,400 1,000 1,000 685 32.2 0 Feb 13, 2024 J-GAAP
Dec, 2024 Results 3,542 1,026 1,027 757 35.6 0 Feb 13, 2025 J-GAAP
Revision Rate +4.2% +2.6% +2.7% +10.5% +10.6%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 1,688 469 470 321 15.1 0 Aug 9, 2024 J-GAAP
Jan - Jun, 2025 Guidance ー ー ー ー － 0 Feb 13, 2025 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 2,922 856 854 613 28.9 0 Feb 13, 2024 J-GAAP
Dec, 2024 3,542 1,026 1,027 757 35.6 0 Feb 13, 2025 J-GAAP
Dec, 2025 Guidance 4,500 1,130 1,122 778 37.6 0 Feb 13, 2025 J-GAAP
YoY +27.0% +10.1% +9.3% +2.8% +5.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Oct - Dec, 2024 896 104 104 113 5.3 11.6 Feb 13, 2025 J-GAAP
YoY +23.8% +11.8% +11.8% +27.0% +26.4%

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