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MINATO HOLDINGS INC., First Half Ordinary Profit Decreases by 58%, July-September Ordinary Profit Decreases by 45%

Mon Nov 11, 2024 3:30 pm JST Earnings

6862 MINATO HOLDINGS INC. 【J-GAAP】

Earnings Report

MINATO HOLDINGS INC. <6862> [TSE-S] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 58.3% from the same period last year to 382 million yen. The progress rate against the 665 million yen full-year plan was 57.4%, also surpassing the five-year average of 51.2%.

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 decrease by 8.1% from the same period last year to 283 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 319 million yen, a 44.5% decrease compared to the same period last year. The operating profit margin sharply declined from 13.1% in the same period last year to 5.8%.

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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 11,634 408 587 348 46.2 65.6 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 9,383 900 916 1,295 172.9 74.8 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 11,877 465 382 235 31.7 57.4 Nov 11, 2024 J-GAAP
YoY +26.6% -48.3% -58.3% -81.9% -81.7%

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 － 0 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 11,877 465 382 235 31.7 0 Nov 11, 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 9,635 335 308 188 25.2 14 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 8,123 270 283 250 33.7 14 Nov 11, 2024 J-GAAP
YoY -15.7% -19.4% -8.1% +33.0% +34.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 22,599 810 895 590 78.4 10 May 19, 2023 J-GAAP
Mar, 2024 19,018 1,235 1,224 1,483 198.6 14 May 14, 2024 J-GAAP
Mar, 2025 Guidance 20,000 735 665 485 65.5 14 May 14, 2024 J-GAAP
YoY +5.2% -40.5% -45.7% -67.3% -67.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 4,465 586 575 384 51.3 13.1 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 4,779 280 283 208 27.8 5.9 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 4,856 55 25 -20 -2.7 1.1 May 14, 2024 J-GAAP
Apr - Jun, 2024 4,701 52 63 37 5.0 1.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 7,176 413 319 198 26.7 5.8 Nov 11, 2024 J-GAAP
YoY +60.7% -29.5% -44.5% -48.4% -47.9%

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