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OTANI KOGYO CO.,LTD., First Half Ordinary Profit Increases by 68%

Tue Nov 12, 2024 3:30 pm JST Earnings

5939 OTANI KOGYO CO.,LTD. 【J-GAAP】

Earnings Report

OTANI KOGYO CO.,LTD. <5939> [TSE-S] announced its financial results after the market closed on November 12th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 302 million yen, an increase of 67.8% compared to the same period last year, exceeded the previous forecast of 250 million yen.

The progress rate against the 380 million yen full-year plan was 79.5%, also surpassing the five-year average of 54.2%.

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 significant drop by 68.3% from the same period last year to 78 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit increased by 61.6% from the same period last year, reaching 118 million yen. The operating profit margin improved from 3.8% in the same period last year to 5.8%.

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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 3,316 123 127 89 114.8 49.4 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 3,807 176 180 123 158.2 42.3 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 3,978 300 302 211 271.0 79.5 Nov 12, 2024 J-GAAP
YoY +4.5% +70.5% +67.8% +71.5% +71.3%

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 3,980 250 250 180 231.0 0 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 3,978 300 302 211 271.0 0 Nov 12, 2024 J-GAAP
Revision Rate -0.1% +20.0% +20.8% +17.2% +17.3%

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 4,104 244 246 211 271.3 30 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,722 80 78 59 75.7 30 Nov 12, 2024 J-GAAP
YoY -9.3% -67.2% -68.3% -72.0% -72.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 7,189 250 257 173 223.2 30 May 9, 2023 J-GAAP
Mar, 2024 7,911 420 426 334 429.4 30 May 14, 2024 J-GAAP
Mar, 2025 Guidance 7,700 380 380 270 346.5 30 May 14, 2024 J-GAAP
YoY -2.7% -9.5% -10.8% -19.2% -19.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,871 71 73 38 48.9 3.8 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 2,170 159 161 133 171.0 7.3 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 1,934 85 85 78 100.3 4.4 May 14, 2024 J-GAAP
Apr - Jun, 2024 1,953 183 184 128 164.9 9.4 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 2,025 117 118 83 106.6 5.8 Nov 12, 2024 J-GAAP
YoY +8.2% +64.8% +61.6% +118.4% +118.2%

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