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

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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	ー	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	ー	ー	ー	ー	－	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	66.9	17	Nov 11, 2024	J-GAAP
YoY	-2.8%	-1.3%	+1.7%	+383.8%	+309.2%

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	108.4	30	May 14, 2024	J-GAAP
YoY	+0.8%	+24.1%	+28.3%	+5,700.0%	+4,805.0%

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%