Mars Group Holdings Corporation, First Half Ordinary Profit Increases by 34%

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Wed Oct 30, 2024 4:00 pm JST Earnings

6419 Mars Group Holdings Corporation 【J-GAAP】

Earnings Report

Mars Group Holdings Corporation <6419> [TSE-P] announced its financial results after the market closed on October 30th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 8.47 billion yen, an increase of 34.3% compared to the same period last year. The progress rate against the 13.1 billion yen full-year plan was 64.7%, also surpassing the five-year average of 35.7%.

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 decrease by 25.2% from the same period last year to 4.63 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 3.15 billion yen, a 0.7% decrease compared to the same period last year. The operating profit margin decreased from 33.8% in the same period last year to 25.9%.

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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	7,500	862	1,197	825	49.6	25.3	Oct 28, 2022	J-GAAP
Apr - Sep, 2023	17,349	5,826	6,308	4,356	260.7	50.5	Oct 30, 2023	J-GAAP
Apr - Sep, 2024	25,552	7,996	8,470	5,124	281.6	64.7	Oct 30, 2024	J-GAAP
YoY	+47.3%	+37.2%	+34.3%	+17.6%	+8.0%

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	25,500	7,800	8,300	5,000	270.9	120	Oct 7, 2024	J-GAAP
Apr - Sep, 2024 Results	25,552	7,996	8,470	5,124	281.6	120	Oct 30, 2024	J-GAAP
Revision Rate	+0.2%	+2.5%	+2.0%	+2.5%	+3.9%

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	19,226	5,868	6,192	4,229	246.3	90	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	16,248	4,204	4,630	3,076	166.7	75	Oct 30, 2024	J-GAAP
YoY	-15.5%	-28.4%	-25.2%	-27.3%	-32.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	20,346	4,126	4,730	3,144	190.2	70	May 15, 2023	J-GAAP
Mar, 2024	36,575	11,694	12,500	8,585	499.9	150	May 14, 2024	J-GAAP
Mar, 2025 Guidance	41,800	12,200	13,100	8,200	444.5	195	Oct 7, 2024	J-GAAP
YoY	+14.3%	+4.3%	+4.8%	-4.5%	-11.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	8,990	3,038	3,172	2,129	127.4	33.8	Oct 30, 2023	J-GAAP
Oct - Dec, 2023	10,029	3,355	3,526	2,369	139.4	33.5	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	9,197	2,513	2,666	1,860	108.3	27.3	May 14, 2024	J-GAAP
Apr - Jun, 2024	13,563	4,893	5,320	3,698	204.4	36.1	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	11,989	3,103	3,150	1,426	78.4	25.9	Oct 30, 2024	J-GAAP
YoY	+33.4%	+2.1%	-0.7%	-33.0%	-38.5%