MEDIKIT CO.,LTD, July-September (2Q) Ordinary Profit Increases by 3%

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Mon Nov 11, 2024 4:15 pm JST Earnings

7749 MEDIKIT CO.,LTD 【J-GAAP】

Earnings Report

MEDIKIT CO.,LTD <7749> [TSE-S] announced its financial results after the market closed on November 11th (16:15). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 5.1% from the same period last year to 2.27 billion yen, resulting in a decrease in profits compared to the previous forecast of a 1.7% increase.

However, The progress rate against the 4.22 billion yen full-year plan was 53.9%, also surpassing the five-year average of 50.3%.

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 18.2% from the same period last year to 1.94 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 3.1% from the same period last year, reaching 1.17 billion yen. The operating profit margin rose from 19.8% in the same period last year to 20.2%.

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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	10,562	2,024	2,061	1,196	71.3	49.3	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	10,845	2,276	2,401	1,320	78.6	50.2	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	11,285	2,220	2,279	1,278	86.4	53.9	Nov 11, 2024	J-GAAP
YoY	+4.1%	-2.5%	-5.1%	-3.2%	+9.9%

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	11,365	2,402	2,442	1,392	94.0	45	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	11,285	2,220	2,279	1,278	86.4	45	Nov 11, 2024	J-GAAP
Revision Rate	-0.7%	-7.6%	-6.7%	-8.2%	-8.1%

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	11,005	2,401	2,380	1,749	107.1	45	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	11,100	1,942	1,947	1,467	100.3	45	Nov 11, 2024	J-GAAP
YoY	+0.9%	-19.1%	-18.2%	-16.1%	-6.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	21,607	4,118	4,177	2,864	170.7	100	May 15, 2023	J-GAAP
Mar, 2024	21,850	4,677	4,781	3,069	188.0	80	May 15, 2024	J-GAAP
Mar, 2025 Guidance	22,385	4,162	4,226	2,745	187.7	90	May 15, 2024	J-GAAP
YoY	+2.4%	-11.0%	-11.6%	-10.6%	-0.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	5,296	1,046	1,137	756	45.0	19.8	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	6,015	1,423	1,417	811	48.3	23.7	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	4,990	978	963	938	57.4	19.6	May 15, 2024	J-GAAP
Apr - Jun, 2024	5,628	1,078	1,107	405	27.4	19.2	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	5,657	1,142	1,172	873	59.0	20.2	Nov 11, 2024	J-GAAP
YoY	+6.8%	+9.2%	+3.1%	+15.5%	+31.0%