OIZUMI Corporation, First Half Ordinary Profit Decreases by 17%, July-September Ordinary Profit Decreases by 79%

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Wed Nov 13, 2024 4:00 pm JST Earnings

6428 OIZUMI Corporation 【J-GAAP】

Earnings Report

OIZUMI Corporation <6428> [TSE-S] announced its financial results after the market closed on November 13th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 17.0% from the same period last year to 741 million yen. However, The progress rate against the 970 million yen full-year plan was 76.4%, also surpassing the five-year average of 66.5%.

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 surge by 2.0 times that of the same period last year, reaching 229 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 139 million yen, a 78.8% decrease compared to the same period last year. The operating profit margin sharply declined from 10.7% in the same period last year to 2.5%.

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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	7,327	494	495	221	9.8	47.0	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	11,681	906	893	554	24.7	88.8	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	11,648	750	741	997	44.4	76.4	Nov 13, 2024	J-GAAP
YoY	-0.3%	-17.2%	-17.0%	+80.0%	+79.8%

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 13, 2024	J-GAAP
Apr - Sep, 2024 Results	11,648	750	741	997	44.4	－	Nov 13, 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	9,712	110	113	-26	-1.2	12	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	10,852	300	229	-387	-17.2	12	Nov 13, 2024	J-GAAP
YoY	+11.7%	+172.7%	+102.7%	-1,388.5%	-1,383.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	18,127	1,061	1,054	1,514	67.3	12	May 12, 2023	J-GAAP
Mar, 2024	21,393	1,016	1,006	528	23.5	12	May 13, 2024	J-GAAP
Mar, 2025 Guidance	22,500	1,050	970	610	27.1	12	May 13, 2024	J-GAAP
YoY	+5.2%	+3.3%	-3.6%	+15.5%	+15.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	6,252	666	655	483	21.5	10.7	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	4,336	-36	-28	-119	-5.3	-0.8	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	5,376	146	141	93	4.1	2.7	May 13, 2024	J-GAAP
Apr - Jun, 2024	5,743	602	602	584	26.0	10.5	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	5,905	148	139	413	18.4	2.5	Nov 13, 2024	J-GAAP
YoY	-5.6%	-77.8%	-78.8%	-14.5%	-14.6%