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OSG, First Half Ordinary Profit Decreases by 9%, Current Fiscal Year Dividend Revised Upward by 28 Yen

Thu Jul 10, 2025 3:30 pm JST Earnings

6136 OSG Corporation 【J-GAAP】

Earnings Report

OSG Corporation <6136> [TSE Prime] announced its financial results after the market closed on July 10th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending November 2025 (December 2024 to May 2025) decreased 8.8% from the same period last year to 9.91 billion yen. Progress toward the full-year plan of 22.0 billion yen was 45.1%, also falling below the five-year average of 51.8%.

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 June to November period (second half) is expected to expand 34.9% from the same period last year, reaching 12.0 billion yen.

At the same time, the company has significantly increased its planned annual dividend for the current fiscal year from the original plan of 60 yen to 88 yen (compared to 60 yen in the previous period).

In the most recent three-month period, from March to May (2Q), the consolidated ordinary profit amounted to 5.76 billion yen, a 2.7% decrease compared to the same period last year. However, the operating profit margin rose from 13.8% in the same period last year to 14.1%.

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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
Dec - May, 2022 70,638 9,494 10,166 6,591 68.8 47.6 Jul 6, 2023 J-GAAP
Dec - May, 2023 77,667 9,765 10,868 7,217 77.4 54.8 Jul 11, 2024 J-GAAP
Dec - May, 2024 77,379 9,484 9,915 6,483 76.9 45.1 Jul 10, 2025 J-GAAP
YoY -0.4% -2.9% -8.8% -10.2% -0.6%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2024 Guidance 79,000 10,100 10,700 7,100 86.7 28 Jan 9, 2025 J-GAAP
Dec - May, 2024 Results 77,379 9,484 9,915 6,483 76.9 28 Jul 10, 2025 J-GAAP
Revision Rate -2.1% -6.1% -7.3% -8.7% -11.2%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2025 Prev 160,000 21,000 22,000 14,500 176.5 60 Jan 9, 2025 J-GAAP
Nov, 2025 New 160,000 21,000 22,000 14,500 176.5 88 Jul 10, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2024 77,850 9,103 8,957 6,222 69.0 32 Jan 9, 2025 J-GAAP
Jun - Nov, 2025 Guidance 82,621 11,516 12,085 8,017 97.6 60 Jul 10, 2025 J-GAAP
YoY +6.1% +26.5% +34.9% +28.8% +41.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2023 147,703 19,800 21,350 14,307 149.3 60 Jan 11, 2024 J-GAAP
Nov, 2024 155,517 18,868 19,825 13,439 148.9 60 Jan 9, 2025 J-GAAP
Nov, 2025 Guidance 160,000 21,000 22,000 14,500 176.5 88 Jul 10, 2025 J-GAAP
YoY +2.9% +11.3% +11.0% +7.9% +18.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Mar - May, 2024 40,950 5,663 5,919 3,788 40.6 13.8 Jul 11, 2024 J-GAAP
Jun - Aug, 2024 37,659 4,694 4,044 2,573 28.1 12.5 Oct 10, 2024 J-GAAP
Sep - Nov, 2024 40,191 4,409 4,913 3,649 40.4 11.0 Jan 9, 2025 J-GAAP
Dec - Feb, 2024 37,777 3,884 4,155 2,609 30.7 10.3 Apr 10, 2025 J-GAAP
Mar - May, 2025 39,602 5,600 5,760 3,874 46.0 14.1 Jul 10, 2025 J-GAAP
YoY -3.3% -1.1% -2.7% +2.3% +13.2%

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