kabutan

Odawara Engineering, 89% Increase in Ordinary Profit, Record High for The First Time in Two Years, Dividend Raised by 20 yen

Fri Feb 14, 2025 3:30 pm JST Earnings

6149 Odawara Engineering Co.,Ltd. 【J-GAAP】

Earnings Report

Odawara Engineering Co.,Ltd. <6149> [TSE Std] announced its financial results after the market closed on February 14th (15:30). The consolidated ordinary profit for the fiscal year ending December 2024 dropped 39.2% from the previous period to 1.29 billion yen. In the fiscal year ending December 2025, the profit is expected to surge 88.6% the previous term, reaching 2.44 billion yenExpected to reach record high profits for the first time in two years.

At the same time, the company has decided to increase the dividend this fiscal year to 70 yen, an increase of 20 yen from the previous fiscal year.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit decreased to 0.44 billion yen, a 15.0% decrease compared to the same period last year. The operating profit margin decreased from 12.4% in the same period last year to 11.8%.

Kabutan News

Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 14,086 967 1,118 801 141.2 25 Feb 14, 2023 J-GAAP
Dec, 2023 14,703 2,012 2,129 1,529 268.9 50 Feb 14, 2024 J-GAAP
Dec, 2024 13,175 1,163 1,294 865 151.8 50 Feb 14, 2025 J-GAAP
YoY -10.4% -42.2% -39.2% -43.4% -43.6%

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 16,500 1,700 1,730 1,190 208.5 50 Feb 14, 2024 J-GAAP
Dec, 2024 Results 13,175 1,163 1,294 865 151.8 50 Feb 14, 2025 J-GAAP
Revision Rate -20.2% -31.6% -25.2% -27.3% -27.2%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 4,635 467 560 392 69.0 0 Aug 13, 2024 J-GAAP
Jan - Jun, 2025 Guidance 9,500 1,530 1,550 1,080 188.8 0 Feb 14, 2025 J-GAAP
YoY +105.0% +227.6% +176.8% +175.5% +173.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 14,703 2,012 2,129 1,529 268.9 50 Feb 14, 2024 J-GAAP
Dec, 2024 13,175 1,163 1,294 865 151.8 50 Feb 14, 2025 J-GAAP
Dec, 2025 Guidance 17,500 2,400 2,440 1,700 297.1 70 Feb 14, 2025 J-GAAP
YoY +32.8% +106.4% +88.6% +96.5% +95.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 4,352 538 527 385 67.7 12.4 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 2,532 306 348 249 43.8 12.1 May 14, 2024 J-GAAP
Apr - Jun, 2024 2,103 161 212 143 25.2 7.7 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 5,308 314 286 63 11.1 5.9 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 3,232 382 448 410 71.9 11.8 Feb 14, 2025 J-GAAP
YoY -25.7% -29.0% -15.0% +6.5% +6.2%

Related Articles