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

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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	ー	Nov 6, 2023	J-GAAP
Apr - Sep, 2024	1,506	-125	-133	-134	-24.8	ー	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	ー	ー	ー	ー	－	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%