kabutan

Osaki Electric Co.,Ltd., First Half Ordinary Profit Decreases by 35%, July-September Ordinary Profit Decreases by 40%

Tue Nov 5, 2024 3:35 pm JST Earnings

6644 Osaki Electric Co.,Ltd. 【J-GAAP】

Earnings Report

Osaki Electric Co.,Ltd. <6644> [TSE-P] announced its financial results after the market closed on November 5th (15:35). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 35.1% from the same period last year to 1.56 billion yen. The progress rate against the 4.6 billion yen full-year plan was 34.1%, also falling below the five-year average of 37.6%.

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 decrease by 1.3% from the same period last year to 3.03 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 616 million yen, a 40.5% decrease compared to the same period last year. The operating profit margin worsened from 5.1% in the same period last year to 3.9%.

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 39,562 535 348 1,041 21.8 18.5 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 44,174 2,325 2,415 1,356 29.0 44.0 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 44,451 1,730 1,568 571 12.2 34.1 Nov 5, 2024 J-GAAP
YoY +0.6% -25.6% -35.1% -57.9% -57.9%

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 43,700 1,500 1,400 400 8.6 10 Aug 6, 2024 J-GAAP
Apr - Sep, 2024 Results 44,451 1,730 1,568 571 12.2 10 Nov 5, 2024 J-GAAP
Revision Rate +1.7% +15.3% +12.0% +42.8% +42.6%

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 50,973 3,549 3,073 1,051 22.4 10 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 52,549 3,270 3,032 2,129 46.7 10 Nov 5, 2024 J-GAAP
YoY +3.1% -7.9% -1.3% +102.6% +108.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 89,253 2,226 1,885 1,319 27.9 20 May 11, 2023 J-GAAP
Mar, 2024 95,147 5,874 5,488 2,407 51.4 20 May 9, 2024 J-GAAP
Mar, 2025 Guidance 97,000 5,000 4,600 2,700 59.3 20 Aug 6, 2024 J-GAAP
YoY +1.9% -14.9% -16.2% +12.2% +15.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 22,807 1,156 1,035 588 12.6 5.1 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 24,218 2,037 1,945 828 17.7 8.4 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 26,755 1,512 1,128 223 4.8 5.7 May 9, 2024 J-GAAP
Apr - Jun, 2024 21,300 830 952 345 7.4 3.9 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 23,151 900 616 226 4.8 3.9 Nov 5, 2024 J-GAAP
YoY +1.5% -22.1% -40.5% -61.6% -61.6%

Related Articles