MANSEI CORPORATION, The Current Fiscal Year Ordinary Profit Revised Upward by 11%

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Tue Nov 5, 2024 2:00 pm JST Earnings

7565 MANSEI CORPORATION 【J-GAAP】

Earnings Report

MANSEI CORPORATION <7565> [TSE-S] announced its financial results in the afternoon session on November 5th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 29.9% from the same period last year to 509 million yen.

However, the full-year consolidated ordinary profit has been revised upward by 11.1%, from the previous forecast of 900 million yen to 1 billion yen (compared to 1.53 billion yen in the previous period), and the declining rate is expected to decrease from 41.2% to 34.6%.

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 drop by 38.9% from the same period last year to 491 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 8.8% from the same period last year, reaching 296 million yen. The operating profit margin improved from 4.3% in the same period last year to 5.3%.

Kabutan News

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	10,284	443	490	339	148.5	43.0	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	12,344	686	726	502	219.7	47.5	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	10,853	478	509	425	186.1	50.9	Nov 5, 2024	J-GAAP
YoY	-12.1%	-30.3%	-29.9%	-15.3%	-15.3%

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	11,000	400	400	270	118.0	40	Aug 6, 2024	J-GAAP
Apr - Sep, 2024 Results	10,853	478	509	425	186.1	40	Nov 5, 2024	J-GAAP
Revision Rate	-1.3%	+19.5%	+27.3%	+57.4%	+57.6%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	23,500	900	900	530	326.4	－	Aug 6, 2024	J-GAAP
Mar, 2025 New	23,500	950	1,000	730	449.6	－	Nov 5, 2024	J-GAAP
Revision Rate	0.0%	+5.6%	+11.1%	+37.7%	+37.7%

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	13,807	798	804	569	248.8	60	May 7, 2024	J-GAAP
Oct - Mar, 2024 Guidance	12,647	472	491	305	187.8	－	Nov 5, 2024	J-GAAP
YoY	-8.4%	-40.9%	-38.9%	-46.4%	-24.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	23,121	1,101	1,139	599	262.2	71	May 9, 2023	J-GAAP
Mar, 2024	26,151	1,484	1,530	1,071	468.2	95	May 7, 2024	J-GAAP
Mar, 2025 Guidance	23,500	950	1,000	730	449.6	－	Nov 5, 2024	J-GAAP
YoY	-10.1%	-36.0%	-34.6%	-31.8%	-4.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	5,977	258	272	187	81.8	4.3	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	6,861	422	440	308	134.7	6.2	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	6,946	376	364	261	114.1	5.4	May 7, 2024	J-GAAP
Apr - Jun, 2024	5,465	193	213	144	63.3	3.5	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	5,388	285	296	281	123.0	5.3	Nov 5, 2024	J-GAAP
YoY	-9.9%	+10.5%	+8.8%	+50.3%	+50.3%