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MIGALO HOLDINGS Inc., The Current Fiscal Year Net Income Revised Upward by 4%

Thu Nov 7, 2024 3:30 pm JST Earnings

5535 MIGALO HOLDINGS Inc. 【J-GAAP】

Earnings Report

MIGALO HOLDINGS Inc. <5535> [TSE-P] announced its financial results after the market closed on November 7th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 18.6% from the same period last year to 1.1 billion yen.

However, the full-year consolidated net income has been revised upward by 4.0%, from the previous forecast of 1.25 billion yen to 1.3 billion yen (compared to 1.11 billion yen in the previous period), increasing the growth rate from 12.4% to 16.9%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income/loss for the October to March period (second half) is expected to turn into a profit of 199 million yen (compared to a loss of 240 million yen in the same period last year).

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 26 yen to 28 yen (compared to 45 yen before the 1-to-2 stock split in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated net income surged to 4.0 times that of the same period last year, reaching 741 million yen. The operating profit margin improved from 5.1% in the same period last year to 7.0%.

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 18,149 1,963 1,815 1,165 79.8 72.1 Nov 7, 2022 J-GAAP
Apr - Sep, 2023 24,330 2,292 2,067 1,352 93.0 101.2 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 30,001 1,935 1,641 1,101 75.4 78.1 Nov 7, 2024 J-GAAP
YoY +23.3% -15.6% -20.6% -18.6% -18.9%

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 12 Aug 7, 2024 J-GAAP
Apr - Sep, 2024 Results 30,001 1,935 1,641 1,101 75.4 12 Nov 7, 2024 J-GAAP
Revision Rate

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 50,000 2,600 2,100 1,250 85.5 26 Aug 7, 2024 J-GAAP
Mar, 2025 New 51,000 2,650 2,100 1,300 88.9 28 Nov 7, 2024 J-GAAP
Revision Rate +2.0% +1.9% 0.0% +4.0% +4.0%

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 18,342 208 -25 -240 -16.5 22.50 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 20,999 715 459 199 13.6 16 Nov 7, 2024 J-GAAP
YoY +14.5% +243.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 37,259 2,919 2,518 1,576 108.0 20 May 10, 2023 J-GAAP
Mar, 2024 42,672 2,500 2,042 1,112 76.5 22.50 May 9, 2024 J-GAAP
Mar, 2025 Guidance 51,000 2,650 2,100 1,300 88.9 28 Nov 7, 2024 J-GAAP
YoY +19.5% +6.0% +2.8% +16.9% +16.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 9,041 457 315 186 12.8 5.1 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 8,182 151 65 52 3.6 1.8 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 10,160 57 -90 -292 -20.1 0.6 May 9, 2024 J-GAAP
Apr - Jun, 2024 13,671 792 668 360 24.7 5.8 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 16,330 1,143 973 741 50.7 7.0 Nov 7, 2024 J-GAAP
YoY +80.6% +150.1% +208.9% +298.4% +296.7%

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