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MIKUNI CORPORATION, First Half Ordinary Profit Increases by 32%

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 46.2 8 Nov 11, 2024 J-GAAP
YoY +3.3% +27.2% +1.1% +54.2% +53.8%

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% +43.1%

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% － －

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