MARUKA FURUSATO Corporation, January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 37%, July-September Ordinary Profit Decreases by 29%

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Mon Nov 11, 2024 4:00 pm JST Earnings

7128 MARUKA FURUSATO Corporation 【J-GAAP】

Earnings Report

MARUKA FURUSATO Corporation <7128> [TSE-P] announced its financial results after the market closed on November 11th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) dropped by 36.9% from the same period last year to 3.4 billion yen. The progress rate against the 4.6 billion yen full-year plan was 74.0%, also falling below the same period of the previous year of 81.0%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to decrease by 5.2% from the same period last year to 1.19 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 1.24 billion yen, a 29.3% decrease compared to the same period last year. The operating profit margin worsened from 3.4% in the same period last year to 2.5%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	118,259	4,188	5,063	3,376	133.3	71.8	Nov 7, 2022	J-GAAP
Jan - Sep, 2023	129,311	4,683	5,391	3,859	153.2	81.0	Nov 7, 2023	J-GAAP
Jan - Sep, 2024	119,968	2,718	3,404	3,948	162.9	74.0	Nov 11, 2024	J-GAAP
YoY	-7.2%	-42.0%	-36.9%	+2.3%	+6.4%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	87,821	2,519	3,021	2,100	84.2	56	Feb 13, 2024	J-GAAP
Jul - Dec, 2024 Guidance	84,355	2,094	2,440	1,688	70.2	77	Aug 9, 2024	J-GAAP
YoY	-3.9%	-16.9%	-19.2%	-19.6%	-16.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	162,416	5,895	7,055	4,531	178.9	113	Feb 13, 2023	J-GAAP
Dec, 2023	172,980	5,705	6,652	4,698	188.3	66	Feb 13, 2024	J-GAAP
Dec, 2024 Guidance	163,200	3,800	4,600	4,550	189.2	107	Jul 26, 2024	J-GAAP
YoY	-5.7%	-33.4%	-30.8%	-3.2%	+0.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	44,152	1,497	1,760	1,261	50.1	3.4	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	43,669	1,022	1,261	839	33.6	2.3	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	40,362	950	1,135	698	28.6	2.4	May 13, 2024	J-GAAP
Apr - Jun, 2024	38,483	756	1,025	2,164	89.0	2.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	41,123	1,012	1,244	1,086	44.8	2.5	Nov 11, 2024	J-GAAP
YoY	-6.9%	-32.4%	-29.3%	-13.9%	-10.5%