meinan M&A co.,ltd., Last Fiscal Year Ordinary Profit Revised Upward by 2.4 times, Highest in Four Terms, Dividend Revised Upward by 11.83 yen

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Tue Oct 15, 2024 3:30 pm JST Revision

7076 meinan M&A co.,ltd. 【J-GAAP】

Guidance Update Report

meinan M&A co.,ltd. <7076> [NSE-M] announced a revision to its performance and dividend after the market closed on October 15th (15:30). The ordinary profit (non-consolidated) for the fiscal year ending September 2024 has been revised upward by 2.4 times, from the previous forecast of 231 million yen to 553 million yen (compared to 176 million yen in the previous period), increasing the growth rate from 31.3% to 3.1 times, reaches new record high for the first time in four terms.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the April to September period (second half) ordinary profit is expected to increase by 4.5 times, from the previous forecast of 91 million yen to 413 million yen (compared to 200 million yen in the same period of the previous year), turning to a 2.1 times increase in the ordinary profit outlook.

In light of the strong performance, the company has significantly increased its planned year-end lump-sum dividend for the last fiscal year from the original plan of 7.17 yen to 19 yen (compared to 5 yen in the previous period).

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Prev	970	84	91	57	18.1	7.17	May 14, 2024	J-GAAP
Apr - Sep, 2024 New	1,131	420	413	285	90.6	19	Oct 15, 2024	J-GAAP
Revision Rate	+16.6%	+400.0%	+353.8%	+400.0%	+400.6%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Prev	1,763	230	231	150	47.6	7.17	Nov 14, 2023	J-GAAP
Sep, 2024 New	1,924	566	553	378	120.2	19	Oct 15, 2024	J-GAAP
Revision Rate	+9.1%	+146.1%	+139.4%	+152.0%	+152.2%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	892	205	200	127	40.7	5	Nov 14, 2023	J-GAAP
Apr - Sep, 2024 Guidance	1,131	420	413	285	90.6	19	Oct 15, 2024	J-GAAP
YoY	+26.8%	+104.9%	+106.5%	+124.4%	+122.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2022	1,382	352	349	230	73.4	5	Nov 11, 2022	J-GAAP
Sep, 2023	1,453	186	176	108	34.6	5	Nov 14, 2023	J-GAAP
Sep, 2024 Guidance	1,924	566	553	378	120.2	19	Oct 15, 2024	J-GAAP
YoY	+32.4%	+204.3%	+214.2%	+250.0%	+247.3%