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

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.

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%.

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	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%