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Mitsuuroko Group Holdings Co.,Ltd., First Half Ordinary Profit Decreases by 70%, July-September Ordinary Profit Decreases by 63%

Fri Nov 8, 2024 4:00 pm JST Earnings

8131 Mitsuuroko Group Holdings Co.,Ltd. 【J-GAAP】

Earnings Report

Mitsuuroko Group Holdings Co.,Ltd. <8131> [TSE-S] announced its financial results after the market closed on November 8th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 69.7% from the same period last year to 2.32 billion yen. The progress rate against the 5.8 billion yen full-year plan was 40.0%, also falling below the five-year average of 55.0%.

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 38.2% from the same period last year to 3.47 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 1 billion yen, a 63.3% decrease compared to the same period last year. The operating profit margin worsened from 3.5% in the same period last year to 1.0%.

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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 147,799 2,634 4,046 2,815 47.0 28.8 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 141,325 7,007 7,673 5,422 91.2 57.7 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 154,915 1,543 2,322 1,793 30.6 40.0 Nov 8, 2024 J-GAAP
YoY +9.6% -78.0% -69.7% -66.9% -66.5%

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 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 154,915 1,543 2,322 1,793 30.6 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 167,760 5,327 5,630 3,685 62.3 41 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 195,085 3,757 3,478 7,357 130.4 41 Nov 8, 2024 J-GAAP
YoY +16.3% -29.5% -38.2% +99.6% +109.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 323,700 12,317 14,056 7,789 130.1 37 May 10, 2023 J-GAAP
Mar, 2024 309,085 12,334 13,303 9,107 153.9 41 May 9, 2024 J-GAAP
Mar, 2025 Guidance 350,000 5,300 5,800 9,150 162.1 41 May 9, 2024 J-GAAP
YoY +13.2% -57.0% -56.4% +0.5% +5.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 74,340 2,626 2,741 1,876 31.5 3.5 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 80,552 1,834 2,014 1,295 21.8 2.3 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 87,208 3,493 3,616 2,390 40.4 4.0 May 9, 2024 J-GAAP
Apr - Jun, 2024 73,628 753 1,316 1,083 18.5 1.0 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 81,287 790 1,006 710 12.1 1.0 Nov 8, 2024 J-GAAP
YoY +9.3% -69.9% -63.3% -62.2% -61.6%

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