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OMRON CORPORATION, The Current Fiscal Year Pretax Income Revised Upward by 24%

Wed Nov 6, 2024 3:35 pm JST Earnings

6645 OMRON CORPORATION 【US-GAAP】

Earnings Report

OMRON CORPORATION <6645> [TSE-P] announced its financial results (based on US-GAAP) after the market closed on November 6th (15:35). The consolidated pretax income/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 336 million yen (compared to a profit of 24.9 billion yen in the same period last year).

However, the full-year consolidated pretax income has been revised upward by 23.8%, from the previous forecast of 21 billion yen to 26 billion yen (compared to 34.9 billion yen in the previous period), and the declining rate is expected to decrease from 39.9% to 25.6%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated pretax income for the October to March period (second half) is expected to surge by 2.6 times that of the same period last year, reaching 26.3 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated pretax income increased by 89.1% from the same period last year, reaching 12.1 billion yen. The operating profit margin significantly improved from 3.2% in the same period last year to 6.8%.

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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 404,418 41,613 38,919 27,875 139.8 39.5 Oct 26, 2022 US-GAAP
Apr - Sep, 2023 400,674 20,651 24,994 6,080 30.9 71.5 Oct 27, 2023 US-GAAP
Apr - Sep, 2024 374,638 19,226 -336 -3,318 -16.9 ー Nov 6, 2024 US-GAAP
YoY -6.5% -6.9% － － －

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 8, 2024 US-GAAP
Apr - Sep, 2024 Results 374,638 19,226 -336 -3,318 -16.9 52 Nov 6, 2024 US-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 825,000 49,000 21,000 8,500 43.2 104 May 8, 2024 US-GAAP
Mar, 2025 New 805,000 52,000 26,000 11,000 55.9 104 Nov 6, 2024 US-GAAP
Revision Rate -2.4% +6.1% +23.8% +29.4% +29.4%

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 418,087 13,691 9,959 2,025 10.3 52 May 8, 2024 US-GAAP
Oct - Mar, 2024 Guidance 430,362 32,774 26,336 14,318 72.7 52 Nov 6, 2024 US-GAAP
YoY +2.9% +139.4% +164.4% +607.1% +606.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 876,082 100,686 98,409 73,861 372.2 98 Apr 26, 2023 US-GAAP
Mar, 2024 818,761 34,342 34,953 8,105 41.2 104 May 8, 2024 US-GAAP
Mar, 2025 Guidance 805,000 52,000 26,000 11,000 55.9 104 Nov 6, 2024 US-GAAP
YoY -1.7% +51.4% -25.6% +35.7% +35.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 197,323 6,347 6,433 -7,316 -37.2 3.2 Oct 27, 2023 US-GAAP
Oct - Dec, 2023 207,311 5,921 6,475 1,769 9.0 2.9 Feb 5, 2024 US-GAAP
Jan - Mar, 2024 210,776 7,770 3,484 256 1.3 3.7 May 8, 2024 US-GAAP
Apr - Jun, 2024 183,713 6,267 -12,502 -9,626 -48.9 3.4 Aug 2, 2024 US-GAAP
Jul - Sep, 2024 190,925 12,959 12,166 6,308 32.1 6.8 Nov 6, 2024 US-GAAP
YoY -3.2% +104.2% +89.1% － －

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