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ONOKEN, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 23%
7414 ONOKEN CO.,LTD. 【J-GAAP】
Earnings ReportONOKEN CO.,LTD. <7414> [TSE Prime] announced its financial results in the afternoon session on November 7th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) dropped 47.9% from the same period last year to 1.97 billion yen, fell short of the previous forecast of 2.90 billion yen.
In addition, the full-year forecast for consolidated ordinary profit has decreased 23.3%, from the previous forecast of 6.00 billion yen to 4.60 billion yen (compared to 6.90 billion yen in the previous period), leading to an increase in the profit decline rate from 13.1% to 33.4%.
Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 15.5% from the same period last year to 2.62 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 0.73 billion yen, a 51.7% decrease compared to the same period last year. The operating profit margin worsened from 2.3% in the same period last year to 1.2%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 140,317 | 4,220 | 4,349 | 2,970 | 118.7 | 52.1 | Nov 10, 2023 | J-GAAP |
| Apr - Sep, 2024 | 137,587 | 3,692 | 3,797 | 2,532 | 99.1 | 55.0 | Nov 8, 2024 | J-GAAP |
| Apr - Sep, 2025 | 125,123 | 1,946 | 1,977 | 1,241 | 49.8 | 43.0 | Nov 7, 2025 | J-GAAP |
| YoY | -9.1% | -47.3% | -47.9% | -51.0% | -49.8% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 Guidance | 135,400 | 2,900 | 2,900 | 1,900 | 76.7 | 34 | May 15, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 125,123 | 1,946 | 1,977 | 1,241 | 49.8 | 34 | Nov 7, 2025 | J-GAAP |
| Revision Rate | -7.6% | -32.9% | -31.8% | -34.7% | -35.1% |
Guidance Update
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 275,700 | 6,100 | 6,000 | 4,000 | 162.1 | 69 | May 15, 2025 | J-GAAP |
| Mar, 2026 New | 254,700 | 4,600 | 4,600 | 3,000 | 121.6 | 69 | Nov 7, 2025 | J-GAAP |
| Revision Rate | -7.6% | -24.6% | -23.3% | -25.0% | -25.0% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 | 134,355 | 3,118 | 3,105 | 2,353 | 92.7 | 35 | May 15, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 129,577 | 2,654 | 2,623 | 1,759 | 71.3 | 35 | Nov 7, 2025 | J-GAAP |
| YoY | -3.6% | -14.9% | -15.5% | -25.2% | -23.1% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 281,933 | 8,219 | 8,342 | 5,761 | 229.9 | 69 | May 15, 2024 | J-GAAP |
| Mar, 2025 | 271,942 | 6,810 | 6,902 | 4,885 | 192.4 | 69 | May 15, 2025 | J-GAAP |
| Mar, 2026 Guidance | 254,700 | 4,600 | 4,600 | 3,000 | 121.6 | 69 | Nov 7, 2025 | J-GAAP |
| YoY | -6.3% | -32.5% | -33.4% | -38.6% | -36.8% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 66,090 | 1,516 | 1,523 | 1,025 | 40.1 | 2.3 | Nov 8, 2024 | J-GAAP |
| Oct - Dec, 2024 | 68,697 | 1,379 | 1,397 | 883 | 34.7 | 2.0 | Feb 12, 2025 | J-GAAP |
| Jan - Mar, 2025 | 65,658 | 1,739 | 1,708 | 1,470 | 57.9 | 2.6 | May 15, 2025 | J-GAAP |
| Apr - Jun, 2025 | 62,183 | 1,208 | 1,242 | 805 | 32.1 | 1.9 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 62,940 | 738 | 735 | 436 | 17.5 | 1.2 | Nov 7, 2025 | J-GAAP |
| YoY | -4.8% | -51.3% | -51.7% | -57.5% | -56.4% |
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