kabutan

OGURA CLUTCH CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Downward by 38%

Tue Nov 12, 2024 3:00 pm JST Earnings

6408 OGURA CLUTCH CO.,LTD. 【J-GAAP】

Earnings Report

OGURA CLUTCH CO.,LTD. <6408> [TSE-S] announced its financial results in the afternoon session on November 12th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.4 times that of the same period last year, reaching 502 million yen.

However, the full-year consolidated ordinary profit has downwardly by 37.9%, from the previous forecast of 660 million yen to 410 million yen (compared to a loss of 229 million yen in the previous period).

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary loss for the October to March period (second half) is expected to further decrease to loss of 92 million yen (compared to a loss of 440 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 186 million yen (compared to a loss of 30 million yen in the same period last year). The operating profit/loss margin significantly improved from -2.2% in the same period last year to 1.6%.

Kabutan News

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 20,446 -64 443 201 134.6 56.0 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 21,747 -37 211 -52 -35.4 ー Nov 13, 2023 J-GAAP
Apr - Sep, 2024 22,026 228 502 290 193.9 122.4 Nov 12, 2024 J-GAAP
YoY +1.3% － +137.9% － －

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 － － May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 22,026 228 502 290 193.9 0 Nov 12, 2024 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 45,100 710 660 300 200.5 － May 14, 2024 J-GAAP
Mar, 2025 New 43,500 290 410 180 120.3 － Nov 12, 2024 J-GAAP
Revision Rate -3.5% -59.2% -37.9% -40.0% -40.0%

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 21,744 -283 -440 -546 -364.9 50 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 21,474 62 -92 -110 -73.5 － Nov 12, 2024 J-GAAP
YoY -1.2% － +79.1% +79.9% +79.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 44,201 498 791 509 340.3 50 May 12, 2023 J-GAAP
Mar, 2024 43,491 -320 -229 -598 -399.6 50 May 14, 2024 J-GAAP
Mar, 2025 Guidance 43,500 290 410 180 120.3 － Nov 12, 2024 J-GAAP
YoY +0.0% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 10,761 -242 -30 -116 -78.9 -2.2 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 11,043 82 62 -107 -71.6 0.7 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 10,701 -365 -502 -439 -293.4 -3.4 May 14, 2024 J-GAAP
Apr - Jun, 2024 10,807 51 316 512 342.8 0.5 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 11,219 177 186 -222 -148.4 1.6 Nov 12, 2024 J-GAAP
YoY +4.3% － － -91.4% -88.2%

Related Articles