Mars Group Holdings Corporation, First Half Ordinary Profit Revised Upward by 12%, Adds to Record High Profit Forecast, Full Year also Increased

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Mon Oct 7, 2024 5:30 pm JST Revision

6419 Mars Group Holdings Corporation 【J-GAAP】

Guidance Update Report

Mars Group Holdings Corporation <6419> [TSE-P] announced a performance revision after the market closed on October 7th (17:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) has been revised upward by 11.6%, from the previous forecast of 7.44 billion yen to 8.3 billion yen (compared to 6.3 billion yen in the same period of the previous year), increasing the growth rate from 17.9% to 31.6%, further surpassing the previous forecast of record-high profits for two consecutive terms.

Following the strong performance in the first half, the full-year consolidated ordinary profit has been revised upward by 4.6%, from the previous forecast of 12.5 billion yen to 13.1 billion yen (compared to 12.5 billion yen in the previous period), increasing the growth rate from 0.2% to 4.8%, further surpassing the previous forecast of record-high profits for two consecutive terms. However, the full-year consolidated net income has downwardly by 4.7%, from the previous forecast of 8.6 billion yen to 8.2 billion yen (compared to 8.58 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 4.5% decrease in profit.

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Guidance Update

First Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Prev	20,700	7,040	7,440	5,040	273.1	120	May 14, 2024	J-GAAP
Apr - Sep, 2024 New	25,500	7,800	8,300	5,000	270.9	120	Oct 7, 2024	J-GAAP
Revision Rate	+23.2%	+10.8%	+11.6%	-0.8%	-0.8%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	37,000	11,700	12,520	8,600	466.2	195	May 14, 2024	J-GAAP
Mar, 2025 New	41,800	12,200	13,100	8,200	444.5	195	Oct 7, 2024	J-GAAP
Revision Rate	+13.0%	+4.3%	+4.6%	-4.7%	-4.7%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	17,349	5,826	6,308	4,356	260.7	60	Oct 30, 2023	J-GAAP
Apr - Sep, 2024 Guidance	25,500	7,800	8,300	5,000	270.9	120	Oct 7, 2024	J-GAAP
YoY	+47.0%	+33.9%	+31.6%	+14.8%	+3.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	20,346	4,126	4,730	3,144	190.2	70	May 15, 2023	J-GAAP
Mar, 2024	36,575	11,694	12,500	8,585	499.9	150	May 14, 2024	J-GAAP
Mar, 2025 Guidance	41,800	12,200	13,100	8,200	444.5	195	Oct 7, 2024	J-GAAP
YoY	+14.3%	+4.3%	+4.8%	-4.5%	-11.1%