About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.
(C) 2024 MINKABU THE INFONOID, Inc.

Meiho Facility Works Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 3%, Adds to Record High Profit Forecast, Dividend Revised Upward by 0.5 yen

Fri Nov 8, 2024 4:00 pm JST Earnings

1717 Meiho Facility Works Ltd. 【J-GAAP】

Earnings Report

Meiho Facility Works Ltd. <1717> [TSE-S] announced its financial results after the market closed on November 8th (16:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 27.7% from the same period last year, reaching 697 million yen, exceeded the previous forecast of 555 million yen.

In addition, the full-year ordinary profit has been revised upward by 2.8%, from the previous forecast of 1.09 billion yen to 1.12 billion yen (compared to 1.07 billion yen in the previous period), increasing the growth rate from 1.9% to 4.7%, further surpassing the previous forecast of record-high profits for three consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to decrease by 19.3% from the same period last year to 423 million yen.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 38 yen to 38.5 yen (compared to 37.5 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the ordinary profit decreased to 398 million yen, a 7.9% decrease compared to the same period last year. The operating profit margin decreased from 30.6% in the same period last year to 28.0%.

Kabutan News

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 2,175 462 463 319 27.8 48.2 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 2,409 545 546 402 34.8 51.0 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 2,658 695 697 511 44.0 62.2 Nov 8, 2024 J-GAAP
YoY +10.3% +27.5% +27.7% +27.1% +26.6%

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 2,430 555 555 407 35.0 0 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 2,658 695 697 511 44.0 0 Nov 8, 2024 J-GAAP
Revision Rate +9.4% +25.2% +25.6% +25.6% +25.8%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 5,300 1,090 1,090 800 68.6 38 May 14, 2024 J-GAAP
Mar, 2025 New 5,300 1,120 1,120 815 69.8 38.50 Nov 8, 2024 J-GAAP
Revision Rate 0.0% +2.8% +2.8% +1.9% +1.9%

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 2,857 523 524 388 33.5 37.50 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 2,642 425 423 304 26.1 38.50 Nov 8, 2024 J-GAAP
YoY -7.5% -18.7% -19.3% -21.6% -22.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 4,761 958 960 651 56.5 31.50 May 12, 2023 J-GAAP
Mar, 2024 5,266 1,068 1,070 790 68.3 37.50 May 14, 2024 J-GAAP
Mar, 2025 Guidance 5,300 1,120 1,120 815 69.8 38.50 Nov 8, 2024 J-GAAP
YoY +0.6% +4.9% +4.7% +3.2% +2.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,412 432 432 323 28.0 30.6 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 1,427 271 271 198 17.1 19.0 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 1,430 252 253 190 16.4 17.6 May 14, 2024 J-GAAP
Apr - Jun, 2024 1,245 299 299 219 19.0 24.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,413 396 398 292 25.2 28.0 Nov 8, 2024 J-GAAP
YoY +0.1% -8.3% -7.9% -9.6% -10.0%

Related Articles