MORITA HOLDINGS CORPORATION, The Current Fiscal Year Ordinary Profit Revised Upward by 19%, Exceeded record profit forecast, Dividend Revised Upward by 4 yen

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Thu Oct 31, 2024 3:00 pm JST Earnings

6455 MORITA HOLDINGS CORPORATION 【J-GAAP】

Earnings Report

MORITA HOLDINGS CORPORATION <6455> [TSE-P] announced its financial results after the market closed on October 31st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.1 times that of the same period last year, reaching 4.22 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 19.0%, from the previous forecast of 10.5 billion yen to 12.5 billion yen (compared to 9.62 billion yen in the previous period), increasing the growth rate from 9.1% to 29.8%. The company has further increased its previous forecast of record profits for the first time in eight years.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 9.2% from the same period last year, reaching 8.27 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 50 yen to 54 yen (compared to 48 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 45.2% from the same period last year, reaching 2.55 billion yen. The operating profit margin improved from 8.6% in the same period last year to 11.4%.

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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	28,156	702	864	363	8.3	14.6	Oct 28, 2022	J-GAAP
Apr - Sep, 2023	34,588	1,856	2,048	893	20.4	21.3	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	42,633	4,172	4,226	2,554	58.5	33.8	Oct 31, 2024	J-GAAP
YoY	+23.3%	+124.8%	+106.3%	+186.0%	+186.9%

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	ー	ー	ー	ー	－	25	Apr 26, 2024	J-GAAP
Apr - Sep, 2024 Results	42,633	4,172	4,226	2,554	58.5	25	Oct 31, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	100,000	10,000	10,500	7,000	160.0	50	Apr 26, 2024	J-GAAP
Mar, 2025 New	110,000	12,000	12,500	8,400	192.0	54	Oct 31, 2024	J-GAAP
Revision Rate	+10.0%	+20.0%	+19.0%	+20.0%	+20.0%

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	60,617	7,597	7,579	5,118	116.7	24	Apr 26, 2024	J-GAAP
Oct - Mar, 2024 Guidance	67,367	7,828	8,274	5,846	133.6	29	Oct 31, 2024	J-GAAP
YoY	+11.1%	+3.0%	+9.2%	+14.2%	+14.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	81,344	5,081	5,913	3,996	91.0	43	Apr 28, 2023	J-GAAP
Mar, 2024	95,205	9,453	9,627	6,011	137.1	48	Apr 26, 2024	J-GAAP
Mar, 2025 Guidance	110,000	12,000	12,500	8,400	192.0	54	Oct 31, 2024	J-GAAP
YoY	+15.5%	+26.9%	+29.8%	+39.7%	+40.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	19,990	1,713	1,759	937	21.4	8.6	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	20,120	1,440	1,402	822	18.7	7.2	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	40,497	6,157	6,177	4,296	98.0	15.2	Apr 26, 2024	J-GAAP
Apr - Jun, 2024	18,622	1,431	1,672	993	22.8	7.7	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	24,011	2,741	2,554	1,561	35.7	11.4	Oct 31, 2024	J-GAAP
YoY	+20.1%	+60.0%	+45.2%	+66.6%	+67.2%