OKINAWA CELLULAR TELEPHONE COMPANY, First Half Ordinary Profit Decreases by 4%, July-September Ordinary Profit Decreases by 5%

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Fri Oct 25, 2024 3:00 pm JST Earnings

9436 OKINAWA CELLULAR TELEPHONE COMPANY 【J-GAAP】

Earnings Report

OKINAWA CELLULAR TELEPHONE COMPANY <9436> [TSE-S] announced its financial results after the market closed on October 25th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 4.3% from the same period last year to 8.92 billion yen. The progress rate against the 17.6 billion yen full-year plan was 50.7%, below the five-year average of 55.6%.

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 10.3% from the same period last year, reaching 8.67 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 4.54 billion yen, a 4.8% decrease compared to the same period last year. The operating profit margin decreased from 24.4% in the same period last year to 21.2%.

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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	38,163	8,785	8,837	5,980	112.0	54.8	Oct 28, 2022	J-GAAP
Apr - Sep, 2023	38,043	9,285	9,319	6,550	129.8	54.2	Oct 30, 2023	J-GAAP
Apr - Sep, 2024	41,148	8,900	8,921	6,120	127.6	50.7	Oct 25, 2024	J-GAAP
YoY	+8.2%	-4.1%	-4.3%	-6.6%	-1.7%

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	－	60	May 8, 2024	J-GAAP
Apr - Sep, 2024 Results	41,148	8,900	8,921	6,120	127.6	60	Oct 25, 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	39,947	7,729	7,869	5,579	112.7	60	May 8, 2024	J-GAAP
Oct - Mar, 2024 Guidance	38,852	8,600	8,679	6,130	130.5	60	Oct 25, 2024	J-GAAP
YoY	-2.7%	+11.3%	+10.3%	+9.9%	+15.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	77,299	15,932	16,130	10,852	204.6	88	Apr 27, 2023	J-GAAP
Mar, 2024	77,990	17,014	17,188	12,129	244.9	110	May 8, 2024	J-GAAP
Mar, 2025 Guidance	80,000	17,500	17,600	12,250	260.7	120	May 8, 2024	J-GAAP
YoY	+2.6%	+2.9%	+2.4%	+1.0%	+6.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	19,543	4,763	4,775	3,225	63.9	24.4	Oct 30, 2023	J-GAAP
Oct - Dec, 2023	20,393	4,387	4,345	3,027	60.7	21.5	Jan 30, 2024	J-GAAP
Jan - Mar, 2024	19,554	3,342	3,524	2,552	51.5	17.1	May 8, 2024	J-GAAP
Apr - Jun, 2024	19,812	4,370	4,373	2,987	62.0	22.1	Jul 26, 2024	J-GAAP
Jul - Sep, 2024	21,336	4,530	4,548	3,133	65.3	21.2	Oct 25, 2024	J-GAAP
YoY	+9.2%	-4.9%	-4.8%	-2.9%	+2.2%