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MKSystem Corporation, First Half Ordinary Profit Loss Narrows, July-September Ordinary Profit Loss Narrows

Wed Nov 6, 2024 3:30 pm JST Earnings

3910 MKSystem Corporation 【J-GAAP】

Earnings Report

MKSystem Corporation <3910> [TSE-S] announced its financial results after the market closed on November 6th (15:30). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was a reduced loss of 133 million yen (compared to a loss of 345 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to 242 million yen (compared to a break even in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss improved to a deficit of loss of 62 million yen (compared to a loss of 180 million yen in the same period last year). The operating profit/loss margin drastically improved from -28.8% in the same period last year to -6.5%.

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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 1,335 40 44 16 3.1 19.4 Nov 7, 2022 J-GAAP
Apr - Sep, 2023 1,117 -342 -345 -595 -109.7 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 1,506 -125 -133 -134 -24.8 Nov 6, 2024 J-GAAP
YoY +34.8% +63.5% +61.4% +77.5% +77.4%

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 0 May 7, 2024 J-GAAP
Apr - Sep, 2024 Results 1,506 -125 -133 -134 -24.8 0 Nov 6, 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 1,522 -6 0 -73 -13.5 4 May 7, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,734 232 242 207 38.1 4 Nov 6, 2024 J-GAAP
YoY +13.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 2,867 219 227 145 26.8 8 May 15, 2023 J-GAAP
Mar, 2024 2,639 -348 -345 -668 -123.2 4 May 7, 2024 J-GAAP
Mar, 2025 Guidance 3,240 107 109 73 13.5 4 May 7, 2024 J-GAAP
YoY +22.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 608 -175 -180 -183 -33.7 -28.8 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 671 -73 -72 -105 -19.4 -10.9 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 851 67 72 32 5.9 7.9 May 7, 2024 J-GAAP
Apr - Jun, 2024 679 -71 -71 -74 -13.8 -10.5 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 827 -54 -62 -60 -11.1 -6.5 Nov 6, 2024 J-GAAP
YoY +36.0% +69.1% +65.6% +67.2% +67.1%

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