kabutan

Meiji Holdings Co., Ltd., July-September (2Q) Ordinary Profit Decreases by 7%

Mon Nov 11, 2024 2:00 pm JST Earnings

2269 Meiji Holdings Co., Ltd. 【J-GAAP】

Earnings Report

Meiji Holdings Co., Ltd. <2269> [TSE-P] announced its financial results in the afternoon session on November 11th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 43.3 billion yen, a 0.2% decrease compared to the same period last year. The progress rate against the 83.5 billion yen full-year plan was 51.9%, almost the same as the five-year average of 52.9%.

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 grow by 23.2% from the same period last year, reaching 40.1 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 22.5 billion yen, a 6.7% decrease compared to the same period last year. The operating profit margin worsened from 8.8% in the same period last year to 8.2%.

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 517,520 43,193 43,912 33,386 118.5 59.2 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 546,047 44,443 43,433 27,921 100.1 57.1 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 569,006 44,392 43,347 26,867 97.7 51.9 Nov 11, 2024 J-GAAP
YoY +4.2% -0.1% -0.2% -3.8% -2.5%

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 561,500 36,000 35,000 21,000 77.6 50 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 569,006 44,392 43,347 26,867 97.7 50 Nov 11, 2024 J-GAAP
Revision Rate +1.3% +23.3% +23.8% +27.9% +25.9%

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 559,447 39,879 32,587 22,754 81.6 47.50 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 589,994 41,608 40,153 23,133 85.4 50 Nov 11, 2024 J-GAAP
YoY +5.5% +4.3% +23.2% +1.7% +4.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 1,062,157 75,433 74,160 69,424 247.4 90 May 11, 2023 J-GAAP
Mar, 2024 1,105,494 84,322 76,020 50,675 181.6 95 May 10, 2024 J-GAAP
Mar, 2025 Guidance 1,159,000 86,000 83,500 50,000 184.6 100 May 10, 2024 J-GAAP
YoY +4.8% +2.0% +9.8% -1.3% +1.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 283,313 24,946 24,219 16,328 58.6 8.8 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 286,956 25,269 24,875 17,025 61.0 8.8 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 272,491 14,610 7,712 5,729 20.5 5.4 May 10, 2024 J-GAAP
Apr - Jun, 2024 278,704 20,498 20,752 13,949 50.2 7.4 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 290,302 23,894 22,595 12,918 47.0 8.2 Nov 11, 2024 J-GAAP
YoY +2.5% -4.2% -6.7% -20.9% -19.8%

Related Articles