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OHASHI TECHNICA INC., First Half Ordinary Profit Increases by 39%, July-September Ordinary Profit Increases by 61%

Tue Nov 12, 2024 3:30 pm JST Earnings

7628 OHASHI TECHNICA INC. 【J-GAAP】

Earnings Report

OHASHI TECHNICA INC. <7628> [TSE-P] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 1.13 billion yen, an increase of 38.9% compared to the same period last year. However, The progress rate against the 2.5 billion yen full-year plan was 45.3%, almost the same as the five-year average of 45.3%.

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 grow by 16.2% from the same period last year, reaching 1.36 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 60.8% from the same period last year, reaching 672 million yen. The operating profit margin improved from 3.3% in the same period last year to 5.4%.

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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 16,582 976 1,127 794 58.6 47.0 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 18,753 662 815 185 13.7 40.9 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 20,336 879 1,132 758 57.6 45.3 Nov 12, 2024 J-GAAP
YoY +8.4% +32.8% +38.9% +309.7% +318.9%

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 － 34 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 20,336 879 1,132 758 57.6 34 Nov 12, 2024 J-GAAP
Revision Rate － － － － －

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 20,459 979 1,177 821 61.3 30 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 20,664 1,221 1,368 1,042 80.2 34 Nov 12, 2024 J-GAAP
YoY +1.0% +24.7% +16.2% +26.9% +31.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 34,974 2,061 2,396 1,283 95.0 57 May 11, 2023 J-GAAP
Mar, 2024 39,212 1,641 1,992 1,006 75.1 60 May 14, 2024 J-GAAP
Mar, 2025 Guidance 41,000 2,100 2,500 1,800 138.6 68 May 14, 2024 J-GAAP
YoY +4.6% +28.0% +25.5% +78.9% +84.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 9,475 309 418 208 15.5 3.3 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 10,245 486 593 400 29.8 4.7 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 10,214 493 584 421 31.4 4.8 May 14, 2024 J-GAAP
Apr - Jun, 2024 9,967 321 460 314 23.9 3.2 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 10,369 558 672 444 33.7 5.4 Nov 12, 2024 J-GAAP
YoY +9.4% +80.6% +60.8% +113.5% +118.2%

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