MCJ Co., Ltd., First Half Ordinary Profit Increases by 20%, July-September Ordinary Profit Increases by 11%

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Tue Nov 5, 2024 3:30 pm JST Earnings

6670 MCJ Co., Ltd. 【J-GAAP】

Earnings Report

MCJ Co., Ltd. <6670> [TSE-S] announced its financial results after the market closed on November 5th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 19.9% from the same period last year, reaching 10.2 billion yen. The progress rate against the 18 billion yen full-year plan was 56.8%, also surpassing the five-year average of 52.6%.

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 decrease by 9.1% from the same period last year to 7.77 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 11.2% from the same period last year, reaching 4.22 billion yen. However, the operating profit margin worsened from 8.9% in the same period last year to 8.3%.

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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	95,248	7,249	7,391	5,190	52.9	53.0	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	88,440	8,582	8,528	6,227	63.4	49.9	Nov 2, 2023	J-GAAP
Apr - Sep, 2024	96,178	9,763	10,223	7,263	73.9	56.8	Nov 5, 2024	J-GAAP
YoY	+8.7%	+13.8%	+19.9%	+16.6%	+16.6%

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	93,000	9,100	9,000	6,400	65.1	0	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	96,178	9,763	10,223	7,263	73.9	0	Nov 5, 2024	J-GAAP
Revision Rate	+3.4%	+7.3%	+13.6%	+13.5%	+13.5%

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	99,015	8,610	8,559	5,972	60.8	57	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	100,422	8,537	7,777	5,437	55.3	40	Nov 5, 2024	J-GAAP
YoY	+1.4%	-0.8%	-9.1%	-9.0%	-9.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	191,076	14,318	13,935	9,603	97.8	33	May 12, 2023	J-GAAP
Mar, 2024	187,455	17,192	17,087	12,199	124.2	57	May 14, 2024	J-GAAP
Mar, 2025 Guidance	196,600	18,300	18,000	12,700	129.3	40	May 14, 2024	J-GAAP
YoY	+4.9%	+6.4%	+5.3%	+4.1%	+4.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	42,945	3,807	3,798	2,848	29.0	8.9	Nov 2, 2023	J-GAAP
Oct - Dec, 2023	46,300	4,499	4,721	3,405	34.7	9.7	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	52,715	4,111	3,838	2,567	26.1	7.8	May 14, 2024	J-GAAP
Apr - Jun, 2024	50,464	5,987	5,999	4,303	43.8	11.9	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	45,714	3,776	4,224	2,960	30.1	8.3	Nov 5, 2024	J-GAAP
YoY	+6.4%	-0.8%	+11.2%	+3.9%	+3.9%