MINISTOP CO., LTD., First Half Ordinary Profit Turns to Loss, June-Augus Ordinary Profit Decreases by 45%

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Wed Oct 9, 2024 3:00 pm JST Earnings

9946 MINISTOP CO., LTD. 【J-GAAP】

Earnings Report

MINISTOP CO., LTD. <9946> [TSE-P] announced its financial results after the market closed on October 9th (15:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending February 2025 (March to August) turned into a loss of 591 million yen (compared to a profit of 759 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the September to February period (second half) is expected to turn into a profit of 2.39 billion yen (compared to a loss of 749 million yen in the same period last year).

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit dropped to 640 million yen, a 44.8% decrease compared to the same period last year. The operating profit margin worsened from 4.6% in the same period last year to 2.2%.

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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
Mar - Aug, 2022	42,643	5	467	15,058	519.1	ー	Oct 5, 2022	J-GAAP
Mar - Aug, 2023	40,708	456	759	603	20.8	7,590.0	Oct 11, 2023	J-GAAP
Mar - Aug, 2024	44,510	-799	-591	-684	-23.6	ー	Oct 9, 2024	J-GAAP
YoY	+9.3%	－	－	－	－

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	ー	ー	ー	ー	－	10	Apr 10, 2024	J-GAAP
Mar - Aug, 2024 Results	44,510	-799	-591	-684	-23.6	10	Oct 9, 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
Sep - Feb, 2023	38,348	-1,065	-749	-1,071	-36.9	10	Apr 10, 2024	J-GAAP
Sep - Feb, 2024 Guidance	45,490	2,299	2,391	1,084	37.4	10	Oct 9, 2024	J-GAAP
YoY	+18.6%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	81,286	-1,036	-142	12,834	442.4	20	Apr 12, 2023	J-GAAP
Feb, 2024	79,056	-609	10	-468	-16.1	20	Apr 10, 2024	J-GAAP
Feb, 2025 Guidance	90,000	1,500	1,800	400	13.8	20	Apr 10, 2024	J-GAAP
YoY	+13.8%	－	+17,900.0%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	21,192	980	1,159	915	31.6	4.6	Oct 11, 2023	J-GAAP
Sep - Nov, 2023	19,778	-370	-174	-290	-10.0	-1.9	Jan 11, 2024	J-GAAP
Dec - Feb, 2023	18,570	-695	-575	-781	-26.9	-3.7	Apr 10, 2024	J-GAAP
Mar - May, 2024	20,553	-1,338	-1,231	-1,135	-39.1	-6.5	Jul 10, 2024	J-GAAP
Jun - Aug, 2024	23,957	539	640	451	15.6	2.2	Oct 9, 2024	J-GAAP
YoY	+13.0%	-45.0%	-44.8%	-50.7%	-50.7%