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OKAYA, Mar-Nov (Cumulative 3Q) Ordinary Profit Increases by 5%

Thu Dec 26, 2024 4:00 pm JST Earnings

7485 OKAYA & CO.,LTD. 【J-GAAP】

Earnings Report

OKAYA & CO.,LTD. <7485> [NSE Prem] announced its financial results after the market closed on December 26th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) increased 5.4% from the same period last year, reaching 29 billion yen. The progress rate toward the full-year plan of 34 billion yen was 85.4%, also surpassing the five-year average of 76.7%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the December to February period (4Q) is expected to drop 40.2% from the same period last year to 4.96 billion yen.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit amounted to 10 billion yen, an increase of 2.6% compared to the same period last year. However, the operating profit margin remained almost flat, changing from 3.2% in the same period last year to 3.0%.

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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
Mar - Nov, 2022 725,738 24,103 26,304 18,617 967.4 80.8 Dec 27, 2022 J-GAAP
Mar - Nov, 2023 819,683 24,754 27,539 18,421 957.4 76.8 Dec 26, 2023 J-GAAP
Mar - Nov, 2024 827,966 25,893 29,033 19,363 1,006.4 85.4 Dec 26, 2024 J-GAAP
YoY +1.0% +4.6% +5.4% +5.1% +5.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 567,426 16,378 18,053 11,877 617.3 67.50 Mar 28, 2024 J-GAAP
Sep - Feb, 2024 Guidance 610,195 13,755 14,967 10,103 525.1 67.50 Sep 30, 2024 J-GAAP
YoY +7.5% -16.0% -17.1% -14.9% -14.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 962,016 29,448 32,568 23,520 1,222.2 122.50 Mar 30, 2023 J-GAAP
Feb, 2024 1,111,934 32,412 35,850 23,659 1,229.6 130 Mar 28, 2024 J-GAAP
Feb, 2025 Guidance 1,150,000 31,000 34,000 22,500 1,169.4 135 Mar 28, 2024 J-GAAP
YoY +3.4% -4.4% -5.2% -4.9% -4.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 275,175 8,720 9,742 6,639 345.1 3.2 Dec 26, 2023 J-GAAP
Dec - Feb, 2023 292,251 7,658 8,311 5,238 272.2 2.6 Mar 28, 2024 J-GAAP
Mar - May, 2024 283,927 8,811 9,882 6,748 350.8 3.1 Jun 27, 2024 J-GAAP
Jun - Aug, 2024 255,878 8,434 9,151 5,649 293.6 3.3 Sep 30, 2024 J-GAAP
Sep - Nov, 2024 288,161 8,648 10,000 6,966 362.1 3.0 Dec 26, 2024 J-GAAP
YoY +4.7% -0.8% +2.6% +4.9% +4.9%

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