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Maruhachi Warehouse Company , Limited, December-August (Third Quarter Cumulative) Ordinary Profit Increases by 10%, June-Augus Ordinary Profit Increases by 4%

Fri Oct 11, 2024 3:00 pm JST Earnings

9313 Maruhachi Warehouse Company , Limited 【J-GAAP】

Earnings Report

Maruhachi Warehouse Company , Limited <9313> [TSE-S] announced its financial results after the market closed on October 11th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending November 2024 (December 2023 to August 2024) increased by 10.3% from the same period last year, reaching 481 million yen. The progress rate against the 585 million yen full-year plan was 82.2%, also surpassing the five-year average of 79.7%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the September to November period (4Q) is expected to drop by 30.2% from the same period last year to 104 million yen.

In the most recent three-month period, from June to August (3Q), the consolidated ordinary profit grew by 3.7% from the same period last year, reaching 169 million yen. The operating profit margin rose from 11.0% in the same period last year to 12.1%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Dec - Aug, 2021 3,560 435 449 269 45.2 77.8 Oct 7, 2022 J-GAAP
Dec - Aug, 2022 3,734 418 436 307 51.9 74.5 Oct 6, 2023 J-GAAP
Dec - Aug, 2023 3,721 464 481 318 53.8 82.2 Oct 11, 2024 J-GAAP
YoY -0.3% +11.0% +10.3% +3.6% +3.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2023 2,478 293 312 222 37.5 16 Jan 12, 2024 J-GAAP
Jun - Nov, 2024 Guidance 2,620 286 273 695 117.4 20 Jul 5, 2024 J-GAAP
YoY +5.7% -2.4% -12.5% +213.1% +212.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2022 4,763 572 577 360 60.5 16 Jan 13, 2023 J-GAAP
Nov, 2023 4,972 574 585 412 69.6 16 Jan 12, 2024 J-GAAP
Nov, 2024 Guidance 5,100 600 585 900 152.0 20 Jul 5, 2024 J-GAAP
YoY +2.6% +4.5% 0.0% +118.4% +118.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 1,240 137 163 117 19.8 11.0 Oct 6, 2023 J-GAAP
Sep - Nov, 2023 1,238 156 149 105 17.7 12.6 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 1,225 153 158 103 17.6 12.5 Apr 5, 2024 J-GAAP
Mar - May, 2024 1,255 161 154 102 17.3 12.8 Jul 5, 2024 J-GAAP
Jun - Aug, 2024 1,241 150 169 113 19.1 12.1 Oct 11, 2024 J-GAAP
YoY +0.1% +9.5% +3.7% -3.4% -3.5%

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