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Miahelsa Holdings Corporation, July-September (2Q) Ordinary Profit Decreases by 43%

Mon Nov 11, 2024 4:45 pm JST Earnings

7129 Miahelsa Holdings Corporation 【J-GAAP】

Earnings Report

Miahelsa Holdings Corporation <7129> [TSE-S] announced its financial results after the market closed on November 11th (16:45). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 6.0 times that of the same period last year, reaching 120 million yen. However, The progress rate against the 480 million yen full-year plan was 25.0%, also falling below the five-year average of 31.0%.

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 1.7% from the same period last year, reaching 360 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 27 million yen, a 42.6% decrease compared to the same period last year. The operating profit margin worsened from 0.9% in the same period last year to 0.5%.

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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 10,931 7 -11 -44 -17.8 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 10,993 24 20 -32 -13.1 5.3 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 11,498 124 120 111 43.6 25.0 Nov 11, 2024 J-GAAP
YoY +4.6% +416.7% +500.0%

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 13 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 11,498 124 120 111 43.6 13 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 11,729 371 354 37 16.4 17 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 11,402 366 360 179 65.7 17 Nov 11, 2024 J-GAAP
YoY -2.8% -1.3% +1.7% +383.8% +301.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 22,249 191 169 209 84.2 30 May 15, 2023 J-GAAP
Mar, 2024 22,722 395 374 5 2.2 30 May 14, 2024 J-GAAP
Mar, 2025 Guidance 22,900 490 480 290 106.4 30 May 14, 2024 J-GAAP
YoY +0.8% +24.1% +28.3% +5,700.0% +4,715.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 5,518 50 47 7 2.9 0.9 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 5,893 253 255 149 60.1 4.3 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 5,836 118 99 -112 -49.5 2.0 May 14, 2024 J-GAAP
Apr - Jun, 2024 5,736 97 93 66 26.2 1.7 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 5,762 27 27 45 17.7 0.5 Nov 11, 2024 J-GAAP
YoY +4.4% -46.0% -42.6% +542.9% +518.2%

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