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Medical Ikkou Group Co.,Ltd, First Half Ordinary Profit Increases by 23%, June-Augus Ordinary Profit Increases by 18%

Mon Oct 7, 2024 3:30 pm JST Earnings

3353 Medical Ikkou Group Co.,Ltd. 【J-GAAP】

Earnings Report

Medical Ikkou Group Co.,Ltd <3353> [TSE-S] announced its financial results after the market closed on October 7th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) increased by 22.6% from the same period last year, reaching 853 million yen. However, The progress rate against the 1.8 billion yen full-year plan was 47.4%, almost the same as the five-year average of 44.8%.

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 September to February period (second half) is expected to decrease by 10.2% from the same period last year to 947 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit grew by 18.2% from the same period last year, reaching 423 million yen. However, the operating profit margin remained almost flat, changing from 3.5% in the same period last year to 3.5%.

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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
Mar - Aug, 2022 16,978 465 598 374 99.7 48.7 Oct 3, 2022 J-GAAP
Mar - Aug, 2023 17,450 603 696 444 118.3 39.7 Oct 2, 2023 J-GAAP
Mar - Aug, 2024 22,665 828 853 709 188.8 47.4 Oct 7, 2024 J-GAAP
YoY +29.9% +37.3% +22.6% +59.7% +59.6%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance 23,220 950 950 660 175.5 25 Apr 5, 2024 J-GAAP
Mar - Aug, 2024 Results 22,665 828 853 709 188.8 25 Oct 7, 2024 J-GAAP
Revision Rate -2.4% -12.8% -10.2% +7.4% +7.6%

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 22,450 956 1,055 595 158.5 25 Apr 5, 2024 J-GAAP
Sep - Feb, 2024 Guidance 23,595 972 947 501 133.2 25 Oct 7, 2024 J-GAAP
YoY +5.1% +1.7% -10.2% -15.8% -16.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 33,897 935 1,227 759 202.2 40 Apr 7, 2023 J-GAAP
Feb, 2024 39,900 1,559 1,751 1,039 276.7 45 Apr 5, 2024 J-GAAP
Feb, 2025 Guidance 46,260 1,800 1,800 1,210 321.7 50 Apr 5, 2024 J-GAAP
YoY +15.9% +15.5% +2.8% +16.5% +16.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 8,729 309 358 233 62.1 3.5 Oct 2, 2023 J-GAAP
Sep - Nov, 2023 11,319 475 494 368 98.0 4.2 Jan 10, 2024 J-GAAP
Dec - Feb, 2023 11,131 481 561 227 60.5 4.3 Apr 5, 2024 J-GAAP
Mar - May, 2024 11,183 429 430 429 114.2 3.8 Jul 8, 2024 J-GAAP
Jun - Aug, 2024 11,482 399 423 280 74.5 3.5 Oct 7, 2024 J-GAAP
YoY +31.5% +29.1% +18.2% +20.2% +20.1%

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