Matsuya R&D Co.,Ltd, The Current Fiscal Year Ordinary Profit Revised Upward by 18%, Adds to Record High Profit Forecast

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Fri Nov 8, 2024 11:30 am JST Earnings

7317 Matsuya R&D Co.,Ltd 【J-GAAP】

Earnings Report

Matsuya R&D Co.,Ltd <7317> [TSE-G] announced its financial results at noon (11:30) on November 8th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 1.09 billion yen, an increase of 76.5% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 17.9%, from the previous forecast of 1.52 billion yen to 1.8 billion yen (compared to 1.3 billion yen in the previous period), increasing the growth rate from 16.8% to 37.7%, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 2.9% from the same period last year, reaching 709 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 50.9% from the same period last year, reaching 611 million yen. The operating profit margin rose from 17.4% in the same period last year to 21.6%.

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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	2,872	202	290	204	9.7	43.0	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	4,162	616	618	437	20.7	47.3	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	4,932	1,062	1,091	796	37.5	60.6	Nov 8, 2024	J-GAAP
YoY	+18.5%	+72.4%	+76.5%	+82.2%	+81.4%

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 15, 2024	J-GAAP
Apr - Sep, 2024 Results	4,932	1,062	1,091	796	37.5	0	Nov 8, 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	9,000	1,539	1,527	1,203	56.6	2.50	May 15, 2024	J-GAAP
Mar, 2025 New	9,200	1,800	1,800	1,400	65.8	2.50	Nov 8, 2024	J-GAAP
Revision Rate	+2.2%	+17.0%	+17.9%	+16.4%	+16.4%

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	4,271	667	689	516	24.4	2.50	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	4,268	738	709	604	28.4	2.50	Nov 8, 2024	J-GAAP
YoY	-0.1%	+10.6%	+2.9%	+17.1%	+16.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	7,164	611	675	425	20.2	1.25	May 15, 2023	J-GAAP
Mar, 2024	8,433	1,283	1,307	953	45.0	2.50	May 15, 2024	J-GAAP
Mar, 2025 Guidance	9,200	1,800	1,800	1,400	65.8	2.50	Nov 8, 2024	J-GAAP
YoY	+9.1%	+40.3%	+37.7%	+46.9%	+46.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,236	390	405	312	14.8	17.4	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	2,242	368	385	298	14.1	16.4	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	2,029	299	304	218	10.3	14.7	May 15, 2024	J-GAAP
Apr - Jun, 2024	2,273	488	480	344	16.2	21.5	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	2,659	574	611	452	21.3	21.6	Nov 8, 2024	J-GAAP
YoY	+18.9%	+47.2%	+50.9%	+44.9%	+44.2%