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MURAKAMI CORPORATION, First Half Ordinary Profit Increases by 1%

Fri Nov 8, 2024 3:30 pm JST Earnings

7292 MURAKAMI CORPORATION 【J-GAAP】

Earnings Report

MURAKAMI CORPORATION <7292> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 4.66 billion yen, a 1.3% increase compared to the same period last year. The progress rate against the 9.4 billion yen full-year plan was 49.6%, exceeding the five-year average of 41.4%.

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 nearly flat at 4.73 billion yen, up 0.5% from the same period last year.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 2.46 billion yen, a 4.3% decrease compared to the same period last year. The operating profit margin worsened from 8.5% in the same period last year to 8.2%.

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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 44,003 2,379 2,800 2,563 207.1 43.6 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 51,665 4,060 4,601 2,863 235.7 49.4 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 52,978 4,023 4,663 2,830 244.7 49.6 Nov 8, 2024 J-GAAP
YoY +2.5% -0.9% +1.3% -1.2% +3.8%

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 － 90 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 52,978 4,023 4,663 2,830 244.7 90 Nov 8, 2024 J-GAAP
Revision Rate － － － － －

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 52,936 4,276 4,715 3,024 253.6 90 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 58,422 4,377 4,737 3,170 273.8 90 Nov 8, 2024 J-GAAP
YoY +10.4% +2.4% +0.5% +4.8% +8.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 90,643 5,584 6,419 5,370 437.7 84 May 11, 2023 J-GAAP
Mar, 2024 104,601 8,336 9,316 5,887 493.7 160 May 13, 2024 J-GAAP
Mar, 2025 Guidance 111,400 8,400 9,400 6,000 518.3 180 May 13, 2024 J-GAAP
YoY +6.5% +0.8% +0.9% +1.9% +5.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 27,332 2,326 2,577 1,688 139.0 8.5 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 27,772 2,158 2,426 1,641 136.6 7.8 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 25,164 2,118 2,289 1,383 116.0 8.4 May 13, 2024 J-GAAP
Apr - Jun, 2024 25,411 1,764 2,197 1,447 125.2 6.9 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 27,567 2,259 2,466 1,383 119.6 8.2 Nov 8, 2024 J-GAAP
YoY +0.9% -2.9% -4.3% -18.1% -14.0%

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