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

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%

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