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

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%.

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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%

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