Marvelous Inc., First Half Ordinary Profit Decreases by 77%

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Thu Oct 31, 2024 3:00 pm JST Earnings

7844 Marvelous Inc. 【J-GAAP】

Earnings Report

Marvelous Inc. <7844> [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) significantly dropped by 77.3% from the same period last year to 373 million yen. The progress rate against the 1.75 billion yen full-year plan was 21.3%, also falling below the five-year average of 56.7%.

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 grow by 1.5% from the same period last year, reaching 1.37 billion yen.

In the most recent three-month period, from July to September (2Q), the operating profit margin worsened from 8.7% in the same period last year to 7.5%.

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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	11,546	1,774	2,427	1,655	27.4	82.8	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	13,999	1,153	1,646	1,110	18.4	54.8	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	12,877	592	373	78	1.3	21.3	Oct 31, 2024	J-GAAP
YoY	-8.0%	-48.7%	-77.3%	-93.0%	-92.9%

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	－	－	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	12,877	592	373	78	1.3	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	15,494	1,262	1,356	-1,627	-26.9	33	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	17,623	1,158	1,377	1,122	18.5	－	Oct 31, 2024	J-GAAP
YoY	+13.7%	-8.2%	+1.5%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	25,341	2,488	2,931	1,925	31.9	33	May 11, 2023	J-GAAP
Mar, 2024	29,493	2,415	3,002	-517	-8.6	33	May 10, 2024	J-GAAP
Mar, 2025 Guidance	30,500	1,750	1,750	1,200	19.8	－	May 10, 2024	J-GAAP
YoY	+3.4%	-27.5%	-41.7%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	7,116	622	760	501	8.3	8.7	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	7,761	237	100	64	1.1	3.1	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	7,733	1,025	1,256	-1,691	-28.0	13.3	May 10, 2024	J-GAAP
Apr - Jun, 2024	5,806	65	373	198	3.3	1.1	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	7,071	527	0	-120	-2.0	7.5	Oct 31, 2024	J-GAAP
YoY	-0.6%	-15.3%	－	－	－