MIROKU JYOHO SERVICE CO.,LTD, First Half Ordinary Profit Increases by 6%

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Thu Oct 31, 2024 3:30 pm JST Earnings

9928 MIROKU JYOHO SERVICE CO.,LTD 【J-GAAP】

Earnings Report

MIROKU JYOHO SERVICE CO.,LTD <9928> [TSE-P] announced its financial results after the market closed on October 31st (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 5.8% from the same period last year, reaching 3.02 billion yen. However, The progress rate against the 6.75 billion yen full-year plan was 44.9%, also falling below the five-year average of 54.6%.

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 8.1% from the same period last year, reaching 3.72 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 16.1% from the same period last year, reaching 1.63 billion yen. The operating profit margin rose from 12.8% in the same period last year to 13.8%.

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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	19,881	3,102	2,827	1,935	64.8	48.4	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	21,174	2,799	2,863	1,831	61.2	45.4	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	22,749	2,967	3,028	2,059	68.8	44.9	Oct 31, 2024	J-GAAP
YoY	+7.4%	+6.0%	+5.8%	+12.5%	+12.4%

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	22,110	2,900	2,870	1,920	64.2	0	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	22,749	2,967	3,028	2,059	68.8	0	Oct 31, 2024	J-GAAP
Revision Rate	+2.9%	+2.3%	+5.5%	+7.2%	+7.3%

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	22,797	3,311	3,443	2,407	80.5	50	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	22,751	3,773	3,722	2,381	79.6	55	Oct 31, 2024	J-GAAP
YoY	-0.2%	+14.0%	+8.1%	-1.1%	-1.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	41,461	6,084	5,839	3,767	126.2	45	May 12, 2023	J-GAAP
Mar, 2024	43,971	6,110	6,306	4,238	141.7	50	May 13, 2024	J-GAAP
Mar, 2025 Guidance	45,500	6,740	6,750	4,440	148.3	55	May 13, 2024	J-GAAP
YoY	+3.5%	+10.3%	+7.0%	+4.8%	+4.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	10,690	1,369	1,408	901	30.1	12.8	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	11,617	1,749	1,817	1,418	47.4	15.1	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	11,180	1,562	1,626	989	33.1	14.0	May 13, 2024	J-GAAP
Apr - Jun, 2024	11,157	1,373	1,394	1,118	37.4	12.3	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	11,592	1,594	1,634	941	31.5	13.8	Oct 31, 2024	J-GAAP
YoY	+8.4%	+16.4%	+16.1%	+4.4%	+4.4%