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

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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%