Miroku Corporation, Third Quarter Cumulative (November-July) Operating Profit Turns to Loss, 3Q (May-July) Operating Profit Turns to Loss

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Fri Sep 13, 2024 3:30 pm JST Earnings

7983 Miroku Corporation 【J-GAAP】

Earnings Report

Miroku Corporation <7983> [TSE-S] announced its financial results after the market closed on September 13th (15:30). The consolidated operating profit/loss for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) turned into a loss of 81 million yen (compared to a profit of 631 million yen in the same period last year).

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated operating profit/loss for the August to October period (4Q) is expected to turn into a profit of 91 million yen (compared to a loss of 78 million yen in the same period last year).

In the most recent three-month period, from May to July (3Q), the consolidated operating profit/loss turned to a loss of 86 million yen (compared to a profit of 108 million yen in the same period last year). The operating profit/loss margin drastically worsened from 3.9% in the same period last year to -3.3%.

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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
Nov - Jul, 2021	8,242	673	793	516	175.0	98.1	Sep 9, 2022	J-GAAP
Nov - Jul, 2022	8,757	631	831	558	189.3	104.5	Sep 8, 2023	J-GAAP
Nov - Jul, 2023	8,038	-81	117	9	3.2	53.2	Sep 13, 2024	J-GAAP
YoY	-8.2%	－	-85.9%	-98.4%	-98.3%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May - Oct, 2023	5,927	30	142	48	16.3	25	Dec 15, 2023	J-GAAP
May - Oct, 2024 Guidance	6,289	5	121	135	45.8	10	Jun 5, 2024	J-GAAP
YoY	+6.1%	-83.3%	-14.8%	+181.3%	+181.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct, 2022	11,471	659	808	512	173.6	40	Dec 15, 2022	J-GAAP
Oct, 2023	11,887	553	795	481	163.1	45	Dec 15, 2023	J-GAAP
Oct, 2024 Guidance	11,700	10	220	160	54.2	20	Jun 5, 2024	J-GAAP
YoY	-1.6%	-98.2%	-72.3%	-66.7%	-66.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
May - Jul, 2023	2,797	108	178	125	42.4	3.9	Sep 8, 2023	J-GAAP
Aug - Oct, 2023	3,130	-78	-36	-77	-26.1	-2.5	Dec 15, 2023	J-GAAP
Nov - Jan, 2023	2,638	80	142	86	29.4	3.0	Mar 11, 2024	J-GAAP
Feb - Apr, 2024	2,773	-75	-43	-61	-21.3	-2.7	Jun 10, 2024	J-GAAP
May - Jul, 2024	2,627	-86	18	-16	-5.7	-3.3	Sep 13, 2024	J-GAAP
YoY	-6.1%	－	-89.9%	－	－