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MELCO HOLDINGS INC., First Half Ordinary Profit Increases by 94%, July-September Ordinary Profit Increases by 94%

Tue Nov 12, 2024 3:40 pm JST Earnings

6676 BUFFALO INC. 【J-GAAP】

Earnings Report

MELCO HOLDINGS INC. <6676> [TSE-S] announced its financial results after the market closed on November 12th (15:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 3.2 billion yen, an increase of 94.5% compared to the same period last year. The progress rate against the 5.2 billion yen full-year plan was 61.6%, almost the same as the five-year average of 62.6%.

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 surge by 2.2 times that of the same period last year, reaching 1.99 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 94.4% from the same period last year, reaching 1.77 billion yen. The operating profit margin improved from 2.9% in the same period last year to 4.5%.

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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 68,707 3,310 3,318 2,190 129.8 70.3 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 70,050 1,798 1,647 1,275 75.8 64.0 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 73,896 3,008 3,203 1,942 120.8 61.6 Nov 12, 2024 J-GAAP
YoY +5.5% +67.3% +94.5% +52.3% +59.3%

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 ー ー ー ー － 60 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 73,896 3,008 3,203 1,942 120.8 60 Nov 12, 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 75,723 799 928 1,737 103.6 60 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 59,104 2,192 1,997 1,458 95.9 40 Nov 12, 2024 J-GAAP
YoY -21.9% +174.3% +115.2% -16.1% -7.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 142,576 4,518 4,718 3,057 181.2 120 May 12, 2023 J-GAAP
Mar, 2024 145,773 2,597 2,575 3,012 179.7 120 May 13, 2024 J-GAAP
Mar, 2025 Guidance 133,000 5,200 5,200 3,400 223.6 100 Aug 26, 2024 J-GAAP
YoY -8.8% +100.2% +101.9% +12.9% +24.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 35,315 1,037 913 725 43.1 2.9 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 39,019 1,359 1,363 758 45.2 3.5 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 36,704 -560 -435 979 58.4 -1.5 May 13, 2024 J-GAAP
Apr - Jun, 2024 35,864 1,305 1,428 804 48.2 3.6 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 38,032 1,703 1,775 1,138 70.8 4.5 Nov 12, 2024 J-GAAP
YoY +7.7% +64.2% +94.4% +57.0% +64.2%

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