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MAEZAWA KYUSO INDUSTRIES CO.,LTD., First Half Ordinary Profit Increases by 33%

Mon Nov 11, 2024 5:00 pm JST Earnings

6485 MAEZAWA KYUSO INDUSTRIES CO.,LTD. 【J-GAAP】

Earnings Report

MAEZAWA KYUSO INDUSTRIES CO.,LTD. <6485> [TSE-S] announced its financial results after the market closed on November 11th (17:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 1.66 billion yen, an increase of 32.6% compared to the same period last year, exceeded the previous forecast of 1.31 billion yen.

The progress rate against the 2.73 billion yen full-year plan was 61.1%, also surpassing the five-year average of 49.6%.

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 20.8% from the same period last year to 1.06 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 29.4% from the same period last year, reaching 877 million yen. The operating profit margin improved from 8.1% in the same period last year to 10.5%.

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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 15,401 1,090 1,174 773 34.8 51.8 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 15,636 1,190 1,259 808 37.1 48.5 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 15,716 1,583 1,669 1,114 52.8 61.1 Nov 11, 2024 J-GAAP
YoY +0.5% +33.0% +32.6% +37.9% +42.3%

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 15,850 1,220 1,310 860 40.9 21 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 15,716 1,583 1,669 1,114 52.8 21 Nov 11, 2024 J-GAAP
Revision Rate -0.8% +29.8% +27.4% +29.5% +29.1%

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 16,372 1,276 1,339 873 40.6 22 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 16,284 997 1,061 666 32.1 21 Nov 11, 2024 J-GAAP
YoY -0.5% -21.9% -20.8% -23.7% -20.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 31,008 2,184 2,267 1,433 64.8 33 May 12, 2023 J-GAAP
Mar, 2024 32,008 2,466 2,598 1,681 78.1 40 May 13, 2024 J-GAAP
Mar, 2025 Guidance 32,000 2,580 2,730 1,780 85.8 42 May 13, 2024 J-GAAP
YoY 0.0% +4.6% +5.1% +5.9% +9.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 7,991 646 678 451 20.7 8.1 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 8,724 800 859 575 26.6 9.2 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 7,648 476 480 298 13.9 6.2 May 13, 2024 J-GAAP
Apr - Jun, 2024 7,826 758 792 527 24.9 9.7 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 7,890 825 877 587 27.8 10.5 Nov 11, 2024 J-GAAP
YoY -1.3% +27.7% +29.4% +30.2% +34.4%

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