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MrMax Holdings Ltd., First Half Ordinary Profit Increases by 21%

Thu Oct 10, 2024 3:00 pm JST Earnings

8203 MrMax Holdings Ltd. 【J-GAAP】

Earnings Report

MrMax Holdings Ltd. <8203> [TSE-P] announced its financial results after the market closed on October 10th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) increased by 21.3% from the same period last year, reaching 2.24 billion yen, exceeded the previous forecast of 1.9 billion yen.

The progress rate against the 3.2 billion yen full-year plan was 70.2%, also surpassing the five-year average of 60.3%.

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 9.6% from the same period last year to 955 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit grew by 20.5% from the same period last year, reaching 1.39 billion yen. The operating profit margin improved from 3.4% in the same period last year to 3.8%.

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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 63,952 2,771 2,707 1,832 55.2 59.8 Oct 14, 2022 J-GAAP
Mar - Aug, 2023 65,524 1,899 1,851 1,196 36.0 63.7 Oct 13, 2023 J-GAAP
Mar - Aug, 2024 69,183 2,243 2,245 1,455 43.7 70.2 Oct 10, 2024 J-GAAP
YoY +5.6% +18.1% +21.3% +21.7% +21.5%

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 67,000 2,000 1,900 1,300 39.1 0 Apr 11, 2024 J-GAAP
Mar - Aug, 2024 Results 69,183 2,243 2,245 1,455 43.7 0 Oct 10, 2024 J-GAAP
Revision Rate +3.3% +12.2% +18.2% +11.9% +12.0%

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 64,046 1,122 1,057 1,248 37.6 18 Apr 11, 2024 J-GAAP
Sep - Feb, 2024 Guidance 62,817 1,057 955 745 22.4 20 Oct 10, 2024 J-GAAP
YoY -1.9% -5.8% -9.6% -40.3% -40.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 126,904 4,632 4,523 3,427 103.2 27 Apr 13, 2023 J-GAAP
Feb, 2024 129,570 3,021 2,908 2,444 73.5 18 Apr 11, 2024 J-GAAP
Feb, 2025 Guidance 132,000 3,300 3,200 2,200 66.1 20 Apr 11, 2024 J-GAAP
YoY +1.9% +9.2% +10.0% -10.0% -10.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 34,570 1,175 1,154 734 22.1 3.4 Oct 13, 2023 J-GAAP
Sep - Nov, 2023 31,463 587 539 354 10.7 1.9 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 32,583 535 518 894 26.9 1.6 Apr 11, 2024 J-GAAP
Mar - May, 2024 32,199 844 855 541 16.3 2.6 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 36,984 1,399 1,390 914 27.5 3.8 Oct 10, 2024 J-GAAP
YoY +7.0% +19.1% +20.5% +24.5% +24.4%

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