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Mie Kotsu Group Holdings,Inc., First Half Ordinary Profit Increases by 45%, July-September Ordinary Profit Increases by 44%

Thu Nov 7, 2024 4:20 pm JST Earnings

3232 Mie Kotsu Group Holdings,Inc. 【J-GAAP】

Earnings Report

Mie Kotsu Group Holdings,Inc. <3232> [TSE-P] announced its financial results after the market closed on November 7th (16:20). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 5.24 billion yen, an increase of 44.9% compared to the same period last year. The progress rate against the 7.5 billion yen full-year plan was 69.9%, also surpassing the five-year average of 40.5%.

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 drop by 42.3% from the same period last year to 2.26 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 43.8% from the same period last year, reaching 2.51 billion yen. The operating profit margin improved from 8.2% in the same period last year to 10.0%.

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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 39,449 1,928 2,280 1,684 16.9 33.0 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 43,770 3,486 3,617 2,704 27.1 48.0 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 51,112 5,149 5,240 4,081 40.8 69.9 Nov 7, 2024 J-GAAP
YoY +16.8% +47.7% +44.9% +50.9% +50.6%

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 51,100 5,140 5,240 4,080 40.7 6 Oct 23, 2024 J-GAAP
Apr - Sep, 2024 Results 51,112 5,149 5,240 4,081 40.8 6 Nov 7, 2024 J-GAAP
Revision Rate +0.0% +0.2% 0.0% +0.0% +0.2%

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 54,448 3,882 3,920 2,046 20.5 6 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 50,888 2,451 2,260 1,119 11.2 8 Nov 7, 2024 J-GAAP
YoY -6.5% -36.9% -42.3% -45.3% -45.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 93,124 6,374 6,914 3,769 37.8 10 May 10, 2023 J-GAAP
Mar, 2024 98,218 7,368 7,537 4,750 47.5 12 May 9, 2024 J-GAAP
Mar, 2025 Guidance 102,000 7,600 7,500 5,200 51.9 14 Oct 23, 2024 J-GAAP
YoY +3.9% +3.1% -0.5% +9.5% +9.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 21,819 1,797 1,746 1,276 12.8 8.2 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 25,934 2,862 2,923 2,171 21.7 11.0 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 28,514 1,020 997 -125 -1.3 3.6 May 9, 2024 J-GAAP
Apr - Jun, 2024 25,263 2,565 2,730 2,084 20.8 10.2 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 25,849 2,584 2,510 1,997 20.0 10.0 Nov 7, 2024 J-GAAP
YoY +18.5% +43.8% +43.8% +56.5% +56.2%

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