Maruhachi Securities Co.,Ltd., First Half Ordinary Profit Decreases by 30%, July-September Ordinary Profit Decreases by 86%

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Thu Oct 31, 2024 3:30 pm JST Earnings

8700 Maruhachi Securities Co.,Ltd. 【J-GAAP】

Earnings Report

Maruhachi Securities Co.,Ltd. <8700> [TSE-S] announced its financial results after the market closed on October 31st (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 29.7% from the same period last year to 268 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit significantly dropped to 30 million yen, a 85.8% decrease compared to the same period last year. The operating profit/loss margin drastically worsened from 24.8% in the same period last year to -0.6%.

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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	1,268	62	72	37	9.4	55.8	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	1,613	336	381	261	65.4	49.6	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	1,474	159	268	182	45.7	ー	Oct 31, 2024	J-GAAP
YoY	-8.6%	-52.7%	-29.7%	-30.3%	-30.1%

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	1,474	159	268	182	45.6	－	Oct 24, 2024	J-GAAP
Apr - Sep, 2024 Results	1,474	159	268	182	45.7	－	Oct 31, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	+0.3%

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	1,649	327	387	256	64.2	80	Apr 30, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	ー	ー	－	－	Apr 30, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	2,502	127	129	62	15.7	30	Apr 28, 2023	J-GAAP
Mar, 2024	3,262	663	768	517	129.7	80	Apr 30, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	ー	ー	－	－	Apr 30, 2024	J-GAAP
YoY	－	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	823	204	212	143	35.9	24.8	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	699	84	141	93	23.3	12.0	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	950	243	246	163	40.9	25.6	Apr 30, 2024	J-GAAP
Apr - Jun, 2024	821	163	238	161	40.4	19.9	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	653	-4	30	21	5.3	-0.6	Oct 31, 2024	J-GAAP
YoY	-20.7%	－	-85.8%	-85.3%	-85.3%