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

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 May 10, 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%

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