MAMIYA-OP CO.,LTD., First Half Ordinary Profit Increases by 2.1 times, Exceeds Full-Year Plan

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Wed Nov 6, 2024 3:30 pm JST Earnings

7991 MAMIYA-OP CO.,LTD. 【J-GAAP】

Earnings Report

MAMIYA-OP CO.,LTD. <7991> [TSE-S] announced its financial results after the market closed on November 6th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.1 times that of the same period last year, reaching 5.5 billion yen. The progress rate against the full-year plan of 4.8 billion yen is 114.8%, already exceeding the target and also exceeding the five-year average of 49.8%.

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 turn into a loss of 709 million yen (compared to a profit of 2.92 billion yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.2 times that of the same period last year, reaching 2.88 billion yen. The operating profit margin jumped from 16.3% in the same period last year to 25.4%.

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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	5,683	539	952	934	107.6	44.2	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	11,839	2,159	2,568	1,806	207.5	46.8	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	20,604	5,275	5,509	3,934	383.1	114.8	Nov 6, 2024	J-GAAP
YoY	+74.0%	+144.3%	+114.5%	+117.8%	+84.6%

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	ー	ー	ー	ー	－	－	Aug 6, 2024	J-GAAP
Apr - Sep, 2024 Results	20,604	5,275	5,509	3,934	383.1	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	15,555	2,679	2,920	2,046	229.9	75	May 8, 2024	J-GAAP
Oct - Mar, 2024 Guidance	9,396	-875	-709	-634	-61.4	－	Nov 6, 2024	J-GAAP
YoY	-39.6%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	15,910	1,882	2,152	1,987	228.6	50	May 10, 2023	J-GAAP
Mar, 2024	27,394	4,838	5,488	3,852	432.8	75	May 8, 2024	J-GAAP
Mar, 2025 Guidance	30,000	4,400	4,800	3,300	319.5	－	Aug 6, 2024	J-GAAP
YoY	+9.5%	-9.1%	-12.5%	-14.3%	-26.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	6,036	982	1,311	936	107.5	16.3	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	8,088	1,517	1,652	1,137	130.7	18.8	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	7,467	1,162	1,268	909	102.1	15.6	May 8, 2024	J-GAAP
Apr - Jun, 2024	8,975	2,323	2,628	1,873	183.3	25.9	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	11,629	2,952	2,881	2,061	200.7	25.4	Nov 6, 2024	J-GAAP
YoY	+92.7%	+200.6%	+119.8%	+120.2%	+86.6%