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O.B.System Inc., July-September (2Q) Ordinary Profit Decreases by 8%

Thu Oct 24, 2024 4:00 pm JST Earnings

5576 O.B.System Inc. 【J-GAAP】

Earnings Report

O.B.System Inc. <5576> [TSE-S] announced its financial results after the market closed on October 24th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 273 million yen, a 1.9% increase compared to the previous period non-consolidated. However, The progress rate against the 636 million yen full-year plan was 42.9%, almost the same as the same period of the previous year of 42.4%.

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 nearly flat at 363 million yen, down 0.3% from the previous period non-consolidated.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 191 million yen, a 7.7% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 9.6% in the same period last year to 9.6%.

Note: Since the current fiscal year, the company has transitioned to consolidated financial statements.

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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, 2023 3,269 241 268 183 82.4 42.4 Oct 24, 2023 J-GAAP
Apr - Sep, 2024 3,754 259 274 224 97.6 43.1 Oct 24, 2024 J-GAAP
YoY +14.8% +7.5% +2.2% +22.4% +18.5%

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 － 40 Sep 19, 2024 J-GAAP
Apr - Sep, 2024 Results 3,754 259 274 224 97.6 40 Oct 24, 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 3,627 350 364 258 112.9 40 Apr 22, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,808 341 362 256 111.0 40 Oct 24, 2024 J-GAAP
YoY +5.0% -2.6% -0.5% -0.8% -1.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 6,163 502 517 497 239.5 50 Jun 21, 2023 J-GAAP
Mar, 2024 6,896 591 632 441 193.0 70 Apr 22, 2024 J-GAAP
Mar, 2025 Guidance 7,562 600 636 480 208.2 80 Sep 19, 2024 J-GAAP
YoY +9.7% +1.5% +0.6% +8.8% +7.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,711 164 207 141 63.5 9.6 Oct 24, 2023 J-GAAP
Oct - Dec, 2023 1,751 189 197 136 60.0 10.8 Jan 23, 2024 J-GAAP
Jan - Mar, 2024 1,876 161 167 122 53.4 8.6 Apr 22, 2024 J-GAAP
Apr - Jun, 2024 1,826 72 82 92 40.1 3.9 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 1,928 187 192 132 57.5 9.7 Oct 24, 2024 J-GAAP
YoY +12.7% +14.0% -7.2% -6.4% -9.4%

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