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

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 3,076 166.8 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 8,200 444.6 195 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%

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