MIKUNI CORPORATION, First Half Ordinary Profit Increases by 32%

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Mon Nov 11, 2024 4:00 pm JST Earnings

7247 MIKUNI CORPORATION 【J-GAAP】

Earnings Report

MIKUNI CORPORATION <7247> [TSE-S] announced its financial results after the market closed on November 11th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 1.28 billion yen, an increase of 32.4% compared to the same period last year. The progress rate against the 3.5 billion yen full-year plan was 36.8%, exceeding the five-year average of 32.0%.

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 1.1% from the same period last year, reaching 2.21 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 438 million yen, a 11.9% decrease compared to the same period last year. The operating profit margin worsened from 2.5% in the same period last year to 1.3%.

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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	44,810	724	429	-587	-17.5	16.2	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	47,942	1,187	973	105	3.2	30.8	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	50,283	1,140	1,288	43	1.3	36.8	Nov 11, 2024	J-GAAP
YoY	+4.9%	-4.0%	+32.4%	-59.0%	-59.4%

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	－	6	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	50,283	1,140	1,288	43	1.3	6	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	51,999	2,485	2,188	1,010	30.1	15	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	53,717	3,160	2,212	1,557	46.3	8	Nov 11, 2024	J-GAAP
YoY	+3.3%	+27.2%	+1.1%	+54.2%	+53.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	93,847	3,089	2,644	-1,682	-50.1	10	May 12, 2023	J-GAAP
Mar, 2024	99,941	3,672	3,161	1,115	33.2	20	May 10, 2024	J-GAAP
Mar, 2025 Guidance	104,000	4,300	3,500	1,600	47.5	14	May 10, 2024	J-GAAP
YoY	+4.1%	+17.1%	+10.7%	+43.5%	+43.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	24,663	625	497	68	2.0	2.5	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	25,787	899	870	390	11.6	3.5	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	26,212	1,586	1,318	620	18.5	6.1	May 10, 2024	J-GAAP
Apr - Jun, 2024	24,249	805	850	214	6.4	3.3	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	26,034	335	438	-171	-5.1	1.3	Nov 11, 2024	J-GAAP
YoY	+5.6%	-46.4%	-11.9%	－	－