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Orchestra Holdings Inc., July-September (3Q) Ordinary Profit Decreases by 25%

Thu Nov 14, 2024 3:30 pm JST Earnings

6533 Orchestra Holdings Inc. 【J-GAAP】

Earnings Report

Orchestra Holdings Inc. <6533> [TSE-P] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 10.0% from the same period last year, reaching 593 million yen. However, The progress rate against the 1 billion yen full-year plan was 59.3%, also falling below the five-year average of 71.4%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to expand by 71.7% from the same period last year, reaching 407 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 109 million yen, a 24.8% decrease compared to the same period last year. The operating profit margin worsened from 4.8% in the same period last year to 3.3%.

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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
Jan - Sep, 2022 7,499 1,058 1,092 600 61.3 78.0 Nov 14, 2022 J-GAAP
Jan - Sep, 2023 8,853 529 539 277 28.3 69.5 Nov 14, 2023 J-GAAP
Jan - Sep, 2024 10,150 608 593 295 30.1 59.3 Nov 14, 2024 J-GAAP
YoY +14.7% +14.9% +10.0% +6.5% +6.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 6,323 382 382 272 27.7 10 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 7,270 506 516 301 31.0 11 Aug 14, 2024 J-GAAP
YoY +15.0% +32.5% +35.1% +10.7% +11.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 10,377 1,350 1,400 853 87.1 9 Feb 14, 2023 J-GAAP
Dec, 2023 12,109 765 776 474 48.3 10 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 14,000 1,000 1,000 550 56.6 11 Feb 14, 2024 J-GAAP
YoY +15.6% +30.7% +28.9% +16.0% +17.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,067 146 145 75 7.7 4.8 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 3,256 236 237 197 20.1 7.2 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 3,390 434 427 235 24.0 12.8 May 15, 2024 J-GAAP
Apr - Jun, 2024 3,340 60 57 14 1.4 1.8 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 3,420 114 109 46 4.7 3.3 Nov 14, 2024 J-GAAP
YoY +11.5% -21.9% -24.8% -38.7% -38.6%

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