MEIKO NETWORK JAPAN CO.,LTD., 1% Increase in Ordinary Profit for The Current Fiscal Year

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Thu Oct 10, 2024 4:00 pm JST Earnings

4668 MEIKO NETWORK JAPAN CO.,LTD. 【J-GAAP】

Earnings Report

MEIKO NETWORK JAPAN CO.,LTD. <4668> [TSE-P] announced its financial results after the market closed on October 10th (16:00). The consolidated ordinary profit for the fiscal year ending August 2024 decreased by 6.4% from the previous period to 1.16 billion yen. For the fiscal year ending August 2025, the profit is nearly flat with a slight increase of 0.6% to 1.17 billion yen. This will be the fifth consecutive term of revenue growth.

At the same time, the company plans to remove the commemorative dividend of the previous term and set the dividend for this term at an ordinary dividend of 26 yen.

In the most recent three-month period, from June to August (4Q), the consolidated ordinary profit grew by 18.2% from the same period last year, reaching 889 million yen. The operating profit margin rose from 12.0% in the same period last year to 12.2%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2022	19,674	1,168	1,289	974	38.9	22	Oct 13, 2022	J-GAAP
Aug, 2023	20,871	1,064	1,243	809	32.2	24	Oct 12, 2023	J-GAAP
Aug, 2024	22,579	1,010	1,163	489	19.4	34	Oct 10, 2024	J-GAAP
YoY	+8.2%	-5.1%	-6.4%	-39.6%	-39.7%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2024 Guidance	22,000	1,200	1,250	820	32.5	34	Oct 12, 2023	J-GAAP
Aug, 2024 Results	22,579	1,010	1,163	489	19.4	34	Oct 10, 2024	J-GAAP
Revision Rate	+2.6%	-15.8%	-7.0%	-40.4%	-40.3%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	11,148	845	899	519	20.6	22	Apr 11, 2024	J-GAAP
Sep - Feb, 2024 Guidance	11,380	680	710	390	15.5	13	Oct 10, 2024	J-GAAP
YoY	+2.1%	-19.5%	-21.0%	-24.9%	-25.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2023	20,871	1,064	1,243	809	32.2	24	Oct 12, 2023	J-GAAP
Aug, 2024	22,579	1,010	1,163	489	19.4	34	Oct 10, 2024	J-GAAP
Aug, 2025 Guidance	23,000	1,100	1,170	650	25.8	26	Oct 10, 2024	J-GAAP
YoY	+1.9%	+8.9%	+0.6%	+32.9%	+32.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	5,947	712	752	459	18.3	12.0	Oct 12, 2023	J-GAAP
Sep - Nov, 2023	5,157	52	72	-10	-0.4	1.0	Jan 10, 2024	J-GAAP
Dec - Feb, 2023	5,991	793	827	529	21.0	13.2	Apr 11, 2024	J-GAAP
Mar - May, 2024	4,772	-645	-625	-456	-18.2	-13.5	Jul 11, 2024	J-GAAP
Jun - Aug, 2024	6,659	810	889	426	16.9	12.2	Oct 10, 2024	J-GAAP
YoY	+12.0%	+13.8%	+18.2%	-7.2%	-7.3%