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Olympic Group, The Current Fiscal Year Ordinary Profit Revised Downward by 71%

Fri Jan 10, 2025 5:00 pm JST Earnings

8289 Olympic Group Corporation 【J-GAAP】

Earnings Report

Olympic Group Corporation <8289> [TSE Std] announced its financial results after the market closed on January 10th (17:00). The consolidated ordinary loss for the cumulative third quarter of the fiscal year ending February 2025 (March to November) expanded to a loss of 0.19 billion yen (compared to a loss of 0.04 billion yen in the same period last year).

In addition, the full-year consolidated ordinary profit has decreased 71.4%, from the previous forecast of 1.05 billion yen to 0.3 billion yen (compared to 0.05 billion yen in the previous period), leading to a reduction in the profit growth rate from 21 times to 5.9 times.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the September to February period (2H) has decreased 79.1%, from the previous forecast of 0.94 billion yen to 0.19 billion yen (compared to a loss of 0.11 billion yen in the same period of the previous year).

In the most recent three-month period, from September to November (3Q), the consolidated ordinary loss expanded to a loss of 0.29 billion yen (compared to a loss of 0.21 billion yen in the same period last year). The operating profit/loss margin remained almost flat, changing from -0.7% in the same period last year to -0.9%.

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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 69,118 23 -81 -29 -1.3 ー Jan 12, 2023 J-GAAP
Mar - Nov, 2023 67,723 107 -46 -86 -3.8 ー Jan 12, 2024 J-GAAP
Mar - Nov, 2024 73,856 15 -195 -316 -13.8 ー Jan 10, 2025 J-GAAP
YoY +9.1% -86.0% -323.9% -267.4% -266.5%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2024 Prev 52,099 1,110 950 492 21.4 20 Oct 11, 2024 J-GAAP
Sep - Feb, 2024 New 50,099 360 200 142 6.2 20 Jan 10, 2025 J-GAAP
Revision Rate -3.8% -67.6% -78.9% -71.1% -71.1%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2025 Prev 102,000 1,350 1,050 500 21.8 20 Oct 11, 2024 J-GAAP
Feb, 2025 New 100,000 600 300 150 6.5 20 Jan 10, 2025 J-GAAP
Revision Rate -2.0% -55.6% -71.4% -70.0% -70.0%

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 45,125 -73 -113 -638 -27.8 20 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 50,099 360 200 142 6.2 20 Jan 10, 2025 J-GAAP
YoY +11.0% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 91,983 315 156 108 4.7 20 Apr 13, 2023 J-GAAP
Feb, 2024 90,937 190 51 -477 -20.8 20 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 100,000 600 300 150 6.5 20 Jan 10, 2025 J-GAAP
YoY +10.0% +215.8% +488.2% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 21,911 -156 -210 -247 -10.8 -0.7 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 23,214 83 97 -391 -17.0 0.4 Apr 12, 2024 J-GAAP
Mar - May, 2024 24,582 159 90 19 0.9 0.6 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 25,319 81 10 -11 -0.5 0.3 Oct 11, 2024 J-GAAP
Sep - Nov, 2024 23,955 -225 -295 -324 -14.1 -0.9 Jan 10, 2025 J-GAAP
YoY +9.3% -44.2% -40.5% -31.2% -30.8%

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