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MORIYA CORPORATION, First Half Ordinary Profit Decreases by 21%

Thu Oct 31, 2024 3:00 pm JST Earnings

1798 MORIYA CORPORATION 【J-GAAP】

Earnings Report

MORIYA CORPORATION <1798> [TSE-S] 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) decreased by 21.4% from the same period last year to 919 million yen. However, The progress rate against the 1.05 billion yen full-year plan was 87.5%, also surpassing the five-year average of 50.1%.

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 88.1% from the same period last year to 131 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 519 million yen, a 39.2% decrease compared to the same period last year. The operating profit margin drastically worsened from 8.3% in the same period last year to 4.2%.

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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 16,874 500 574 441 201.2 44.2 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 20,372 1,139 1,169 844 385.2 51.4 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 21,580 860 919 601 276.3 87.5 Oct 31, 2024 J-GAAP
YoY +5.9% -24.5% -21.4% -28.8% -28.3%

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 － 0 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 21,580 860 919 601 276.3 0 Oct 31, 2024 J-GAAP
Revision Rate － － － － －

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 22,972 1,084 1,104 762 347.6 80 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 21,420 190 131 99 45.5 80 Oct 31, 2024 J-GAAP
YoY -6.8% -82.5% -88.1% -87.0% -86.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 38,975 1,201 1,299 900 410.7 70 May 12, 2023 J-GAAP
Mar, 2024 43,344 2,223 2,273 1,606 732.5 80 May 13, 2024 J-GAAP
Mar, 2025 Guidance 43,000 1,050 1,050 700 321.6 80 May 13, 2024 J-GAAP
YoY -0.8% -52.8% -53.8% -56.4% -56.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 10,212 850 854 584 266.5 8.3 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 10,953 401 416 285 130.0 3.7 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 12,019 683 688 477 217.6 5.7 May 13, 2024 J-GAAP
Apr - Jun, 2024 9,869 364 400 249 114.8 3.7 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 11,711 496 519 352 161.8 4.2 Oct 31, 2024 J-GAAP
YoY +14.7% -41.6% -39.2% -39.7% -39.3%

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