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OPTEX GROUP Company,Limited, January-September (Third Quarter Cumulative) Ordinary Profit Increases by 22%, July-September Ordinary Profit Increases by 19%

Thu Nov 7, 2024 3:30 pm JST Earnings

6914 OPTEX GROUP Company,Limited 【J-GAAP】

Earnings Report

OPTEX GROUP Company,Limited <6914> [TSE-P] announced its financial results after the market closed on November 7th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 21.9% from the same period last year, reaching 5.42 billion yen. The progress rate against the 6.6 billion yen full-year plan was 82.2%, also surpassing the five-year average of 73.2%.

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 drop by 35.0% from the same period last year to 1.17 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit grew by 18.8% from the same period last year, reaching 1.8 billion yen. The operating profit margin significantly improved from 9.8% in the same period last year to 14.1%.

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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 40,468 5,295 6,239 4,520 127.3 88.6 Nov 8, 2022 J-GAAP
Jan - Sep, 2023 41,036 4,019 4,453 3,400 95.7 71.2 Nov 8, 2023 J-GAAP
Jan - Sep, 2024 46,952 5,457 5,427 3,917 110.1 82.2 Nov 7, 2024 J-GAAP
YoY +14.4% +35.8% +21.9% +15.2% +15.0%

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 29,175 3,240 3,327 2,623 73.9 20 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 30,481 3,461 2,981 2,472 69.4 20 Aug 6, 2024 J-GAAP
YoY +4.5% +6.8% -10.4% -5.8% -6.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 54,811 6,303 7,042 4,752 133.8 36 Feb 14, 2023 J-GAAP
Dec, 2023 56,372 5,899 6,258 4,608 129.7 40 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 61,000 6,600 6,600 5,000 140.4 40 Feb 14, 2024 J-GAAP
YoY +8.2% +11.9% +5.5% +8.5% +8.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 13,839 1,360 1,522 1,415 39.8 9.8 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 15,336 1,880 1,805 1,208 34.0 12.3 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 15,464 1,755 1,981 1,301 36.7 11.3 May 10, 2024 J-GAAP
Apr - Jun, 2024 15,055 1,384 1,638 1,227 34.5 9.2 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 16,433 2,318 1,808 1,389 39.0 14.1 Nov 7, 2024 J-GAAP
YoY +18.7% +70.4% +18.8% -1.8% -2.0%

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