MIZUHO MEDY CO.,LTD., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 11%

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Fri Nov 8, 2024 12:00 pm JST Earnings

4595 MIZUHO MEDY CO.,LTD. 【J-GAAP】

Earnings Report

MIZUHO MEDY CO.,LTD. <4595> [TSE-S] announced its financial results at noon (12:00) on November 8th. The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 10.9% from the same period last year to 3.55 billion yen. However, The progress rate against the 4.16 billion yen full-year plan was 85.3%, also surpassing the five-year average of 71.8%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to December period (4Q) is expected to significant drop by 52.9% from the same period last year to 611 million yen.

In the most recent three-month period, from July to September (3Q), the ordinary profit decreased to 1.47 billion yen, a 23.9% decrease compared to the same period last year. The operating profit margin decreased from 55.2% in the same period last year to 49.3%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	13,281	8,696	8,773	6,132	321.9	79.3	Nov 11, 2022	J-GAAP
Jan - Sep, 2023	7,990	3,789	3,995	2,827	148.4	75.5	Nov 10, 2023	J-GAAP
Jan - Sep, 2024	7,989	3,481	3,558	2,550	133.9	85.3	Nov 8, 2024	J-GAAP
YoY	0.0%	-8.1%	-10.9%	-9.8%	-9.8%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	6,414	3,248	3,239	2,313	121.4	70	Feb 9, 2024	J-GAAP
Jul - Dec, 2024 Guidance	5,762	2,319	2,088	1,527	80.2	40	Aug 9, 2024	J-GAAP
YoY	-10.2%	-28.6%	-35.5%	-34.0%	-34.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	17,581	11,104	11,070	7,838	411.5	125	Feb 10, 2023	J-GAAP
Dec, 2023	10,989	5,151	5,292	3,774	198.1	100	Feb 9, 2024	J-GAAP
Dec, 2024 Guidance	10,430	4,162	4,169	3,016	158.3	80	Feb 9, 2024	J-GAAP
YoY	-5.1%	-19.2%	-21.2%	-20.1%	-20.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,415	1,886	1,942	1,366	71.7	55.2	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	2,999	1,362	1,297	947	49.7	45.4	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	2,742	1,252	1,372	970	51.0	45.7	May 10, 2024	J-GAAP
Apr - Jun, 2024	1,926	591	709	519	27.3	30.7	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	3,321	1,638	1,477	1,061	55.7	49.3	Nov 8, 2024	J-GAAP
YoY	-2.8%	-13.1%	-23.9%	-22.3%	-22.3%