Oji Holdings KK

Latest Results (07.08.2024):

Revenue Growth

Oji Holdings KK reported net sales of 1,706.6 billion yen for the fourth quarter of FY2022, marking a significant increase of 236.5 billion yen or 16.1% year-on-year. This growth was driven by the recovery in demand following the reopening of economic activities and the company's strategic price revisions in response to rising raw material and fuel costs.

Operating Profit

Despite the increase in net sales, Oji Holdings KK's operating profit for the fourth quarter of FY2022 decreased by 35.3 billion yen, or 29.4%, year-on-year, totaling 84.8 billion yen. The decline was primarily due to the substantial impact of higher raw material and fuel prices, which outweighed the benefits of increased sales volume and price adjustments.

Profit Attributable to Owners

For the fourth quarter of FY2022, Oji Holdings KK reported a profit attributable to owners of the parent of 56.5 billion yen, a decrease of 31.0 billion yen or 35.5% compared to the same period in the previous year. This decline was influenced by the reduced operating profit and a decrease in exchange gains from the revaluation of foreign currency-denominated receivables and payables.

Cash Flows

Oji Holdings KK's cash flows from operating activities for the fourth quarter of FY2022 decreased significantly by 125.3 billion yen year-on-year, amounting to 18.3 billion yen. This reduction was due to increased trade receivables, higher inventories, and a rise in income taxes paid. Cash flows used in investing activities were 123.3 billion yen, primarily for acquiring property, plant, equipment, and intangible assets.

Financial Forecasts

Looking ahead to FY2023, Oji Holdings KK forecasts net sales of 1,800.0 billion yen, operating profit of 100.0 billion yen, ordinary profit of 100.0 billion yen, and profit attributable to owners of the parent of 65.0 billion yen. The company aims to navigate the challenging business environment by focusing on sustainability, profitability improvements, and product development initiatives to drive growth and enhance corporate value.