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MAKIYA CO., LTD., First Half Ordinary Profit Decreases by 7%

Tue Nov 12, 2024 3:00 pm JST Earnings

9890 MAKIYA CO., LTD. 【J-GAAP】

Earnings Report

MAKIYA CO., LTD. <9890> [TSE-S] announced its financial results in the afternoon session on November 12th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 7.4% from the same period last year to 980 million yen. The progress rate against the 2.41 billion yen full-year plan was 40.7%, also falling below the five-year average of 46.3%.

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 grow by 6.9% from the same period last year, reaching 1.43 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 516 million yen, a 2.8% decrease compared to the same period last year. The operating profit margin worsened from 2.6% in the same period last year to 2.2%.

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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 34,942 707 797 533 53.4 44.0 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 37,394 987 1,058 716 71.8 44.2 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 43,501 930 980 640 64.1 40.7 Nov 12, 2024 J-GAAP
YoY +16.3% -5.8% -7.4% -10.6% -10.7%

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 42,400 885 960 610 61.0 12.50 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 43,501 930 980 640 64.1 12.50 Nov 12, 2024 J-GAAP
Revision Rate +2.6% +5.1% +2.1% +4.9% +5.0%

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 39,317 1,240 1,338 738 73.9 10 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 43,399 1,330 1,430 860 86.1 12.50 Nov 12, 2024 J-GAAP
YoY +10.4% +7.3% +6.9% +16.5% +16.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 70,938 1,635 1,812 1,187 118.9 15 May 8, 2023 J-GAAP
Mar, 2024 76,711 2,227 2,396 1,454 145.7 20 May 14, 2024 J-GAAP
Mar, 2025 Guidance 86,900 2,260 2,410 1,500 150.1 25 May 14, 2024 J-GAAP
YoY +13.3% +1.5% +0.6% +3.2% +3.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 18,955 501 531 354 35.5 2.6 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 20,329 825 864 592 59.3 4.1 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 18,988 415 474 146 14.6 2.2 May 14, 2024 J-GAAP
Apr - Jun, 2024 21,131 439 464 340 34.1 2.1 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 22,370 491 516 300 30.1 2.2 Nov 12, 2024 J-GAAP
YoY +18.0% -2.0% -2.8% -15.3% -15.3%

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