MERCURY Inc., June-August (2Q) Ordinary Profit Decreases by 17%

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Tue Oct 15, 2024 3:00 pm JST Earnings

5025 MERCURY Inc. 【J-GAAP】

Earnings Report

MERCURY Inc. <5025> [TSE-G] announced its financial results after the market closed on October 15th (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending February 2025 (March to August) increased by 20.8% from the same period last year, reaching 29 million yen. However, The progress rate against the 71 million yen full-year plan was 40.8%, almost the same as the same period of the previous year of 40.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the September to February period (second half) is expected to grow by 20.0% from the same period last year, reaching 42 million yen.

In the most recent three-month period, from June to August (2Q), the ordinary profit decreased to 5 million yen, a 16.7% decrease compared to the same period last year. However, the operating profit margin improved from 1.7% in the same period last year to 3.2%.

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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	704	66	68	44	16.2	48.2	Oct 12, 2022	J-GAAP
Mar - Aug, 2023	725	24	24	17	6.6	40.7	Oct 16, 2023	J-GAAP
Mar - Aug, 2024	743	36	29	17	6.8	40.8	Oct 15, 2024	J-GAAP
YoY	+2.5%	+50.0%	+20.8%	0.0%	+2.6%

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	－	0	Apr 15, 2024	J-GAAP
Mar - Aug, 2024 Results	743	36	29	17	6.8	0	Oct 15, 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	712	32	35	31	11.8	0	Apr 15, 2024	J-GAAP
Sep - Feb, 2024 Guidance	757	34	42	29	11.3	0	Oct 15, 2024	J-GAAP
YoY	+6.3%	+6.3%	+20.0%	-6.5%	-4.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	1,414	138	141	92	34.3	0	Apr 14, 2023	J-GAAP
Feb, 2024	1,437	56	59	48	18.3	0	Apr 15, 2024	J-GAAP
Feb, 2025 Guidance	1,500	70	71	46	17.9	0	Apr 15, 2024	J-GAAP
YoY	+4.4%	+25.0%	+20.3%	-4.2%	-2.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	357	6	6	9	3.5	1.7	Oct 16, 2023	J-GAAP
Sep - Nov, 2023	357	3	6	2	0.8	0.8	Jan 15, 2024	J-GAAP
Dec - Feb, 2023	355	29	29	29	11.0	8.2	Apr 15, 2024	J-GAAP
Mar - May, 2024	367	24	24	13	5.2	6.5	Jul 16, 2024	J-GAAP
Jun - Aug, 2024	376	12	5	4	1.6	3.2	Oct 15, 2024	J-GAAP
YoY	+5.3%	+100.0%	-16.7%	-55.6%	-54.3%