MURAKI CORPORATION, First Half Ordinary Profit Decreases by 15%

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Mon Oct 28, 2024 4:00 pm JST Earnings

7477 MURAKI CORPORATION 【J-GAAP】

Earnings Report

MURAKI CORPORATION <7477> [TSE-S] announced its financial results after the market closed on October 28th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 15.2% from the same period last year to 117 million yen. However, The progress rate against the 122 million yen full-year plan was 95.9%, also surpassing the five-year average of 61.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to significant drop by 93.5% from the same period last year to 5 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 58 million yen, a 18.3% decrease compared to the same period last year. The operating profit margin worsened from 3.5% in the same period last year to 2.7%.

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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
Apr - Sep, 2022	3,575	132	142	91	64.5	65.4	Oct 27, 2022	J-GAAP
Apr - Sep, 2023	3,662	127	138	161	114.0	64.2	Oct 27, 2023	J-GAAP
Apr - Sep, 2024	3,787	106	117	69	49.1	95.9	Oct 28, 2024	J-GAAP
YoY	+3.4%	-16.5%	-15.2%	-57.1%	-56.9%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	3,700	45	54	23	16.2	12.50	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	3,787	106	117	69	49.1	12.50	Oct 28, 2024	J-GAAP
Revision Rate	+2.4%	+135.6%	+116.7%	+200.0%	+203.1%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	3,747	65	77	37	26.1	15	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	3,713	-3	5	-9	-6.3	12.50	Oct 28, 2024	J-GAAP
YoY	-0.9%	－	-93.5%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	7,334	193	217	125	88.1	20	May 12, 2023	J-GAAP
Mar, 2024	7,409	192	215	198	139.6	25	May 14, 2024	J-GAAP
Mar, 2025 Guidance	7,500	103	122	60	42.3	25	May 14, 2024	J-GAAP
YoY	+1.2%	-46.4%	-43.3%	-69.7%	-69.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,837	65	71	46	32.6	3.5	Oct 27, 2023	J-GAAP
Oct - Dec, 2023	2,128	92	98	58	41.0	4.3	Jan 26, 2024	J-GAAP
Jan - Mar, 2024	1,619	-27	-21	-21	-14.8	-1.7	May 14, 2024	J-GAAP
Apr - Jun, 2024	1,862	54	59	43	30.8	2.9	Jul 26, 2024	J-GAAP
Jul - Sep, 2024	1,925	52	58	26	18.5	2.7	Oct 28, 2024	J-GAAP
YoY	+4.8%	-20.0%	-18.3%	-43.5%	-43.2%