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OXIDE, The Current Fiscal Year Net Income Revised Downward to a Loss, 37% Deficit Against Net Assets

Tue Jan 14, 2025 12:00 pm JST Earnings

6521 OXIDE Corporation 【J-GAAP】

Earnings Report

OXIDE Corporation <6521> [TSE Growth] announced its financial results at noon (12:00) on January 14th. The consolidated net loss for the cumulative third quarter of the fiscal year ending February 2025 (March to November) expanded to a loss of 2.95 billion yen (compared to a loss of 0.48 billion yen in the same period last year).

In addition, the full-year consolidated net income/loss has been revised downward from an expected profit of 0.01 billion yen to a loss of 2.85 billion yen (compared to a loss of 0.42 billion yen in the previous period), turning to a loss outlook The deficit amounted to a 37.5% impairment of net assets at the end of the previous fiscal year..

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income/loss for the September to February period (2H) has been revised downward from an expected profit of 0.25 billion yen to a loss of 2.6 billion yen (compared to a loss of 0.35 billion yen in the same period of the previous year), turning to a loss outlook.

In the most recent three-month period, from September to November (3Q), the consolidated net loss expanded to a loss of 2.71 billion yen (compared to a loss of 0.42 billion yen in the same period last year). However, the operating profit/loss margin drastically improved from -41.3% in the same period last year to 1.7%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Mar - Nov, 2022 4,421 498 540 380 38.6 78.6 Jan 13, 2023 J-GAAP
Mar - Nov, 2023 4,693 -678 -566 -488 -48.8 ー Jan 12, 2024 J-GAAP
Mar - Nov, 2024 5,721 -356 -474 -2,957 -267.8 ー Jan 14, 2025 J-GAAP
YoY +21.9% +47.5% +16.3% -505.9% -448.3%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2024 Prev 5,155 598 446 258 23.1 0 Oct 15, 2024 J-GAAP
Sep - Feb, 2024 New 4,902 396 367 -2,608 -232.5 0 Jan 14, 2025 J-GAAP
Revision Rate -4.9% -33.8% -17.7% － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2025 Prev 8,553 202 129 16 1.4 0 Apr 15, 2024 J-GAAP
Feb, 2025 New 8,300 0 50 -2,850 -254.1 0 Jan 14, 2025 J-GAAP
Revision Rate -3.0% － -61.2% － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 3,283 -871 -740 -359 -35.4 0 Apr 15, 2024 J-GAAP
Sep - Feb, 2024 Guidance 4,902 396 367 -2,608 -232.5 0 Jan 14, 2025 J-GAAP
YoY +49.3% － － -626.5% -557.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 5,752 537 687 557 56.5 0 Apr 14, 2023 J-GAAP
Feb, 2024 6,606 -983 -766 -422 -41.6 0 Apr 15, 2024 J-GAAP
Feb, 2025 Guidance 8,300 0 50 -2,850 -254.1 0 Jan 14, 2025 J-GAAP
YoY +25.6% － － -575.4% -511.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 1,370 -566 -540 -425 -42.5 -41.3 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 1,913 -305 -200 66 6.5 -15.9 Apr 15, 2024 J-GAAP
Mar - May, 2024 1,388 -406 -360 -260 -23.7 -29.3 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 2,010 10 43 18 1.6 0.5 Oct 15, 2024 J-GAAP
Sep - Nov, 2024 2,323 40 -157 -2,715 -245.9 1.7 Jan 14, 2025 J-GAAP
YoY +69.6% － +70.9% -538.8% -478.1%

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