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MATSUDA SANGYO Co.,Ltd., July-September (2Q) Ordinary Profit Decreases by 4%

Tue Nov 12, 2024 4:00 pm JST Earnings

7456 MATSUDA SANGYO Co.,Ltd. 【J-GAAP】

Earnings Report

MATSUDA SANGYO Co.,Ltd. <7456> [TSE-P] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 12.0% from the same period last year, reaching 6.58 billion yen. The progress rate against the 12.5 billion yen full-year plan was 52.6%, almost the same as the five-year average of 53.3%.

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 26.6% from the same period last year, reaching 5.92 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 2.84 billion yen, a 3.8% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 3.0% in the same period last year to 2.9%.

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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 176,004 7,953 8,128 5,634 216.0 58.7 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 178,780 5,081 5,876 4,062 155.8 55.7 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 222,170 6,278 6,580 4,622 178.3 52.6 Nov 12, 2024 J-GAAP
YoY +24.3% +23.6% +12.0% +13.8% +14.5%

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 222,000 6,200 6,500 4,600 177.5 35 Nov 5, 2024 J-GAAP
Apr - Sep, 2024 Results 222,170 6,278 6,580 4,622 178.3 35 Nov 12, 2024 J-GAAP
Revision Rate +0.1% +1.3% +1.2% +0.5% +0.5%

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 181,747 4,275 4,675 3,224 124.0 30 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 217,830 5,422 5,920 4,128 159.3 35 Nov 12, 2024 J-GAAP
YoY +19.9% +26.8% +26.6% +28.0% +28.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 351,028 13,818 13,843 9,696 371.7 50 May 12, 2023 J-GAAP
Mar, 2024 360,527 9,356 10,551 7,286 280.2 60 May 13, 2024 J-GAAP
Mar, 2025 Guidance 440,000 11,700 12,500 8,750 337.6 70 Nov 5, 2024 J-GAAP
YoY +22.0% +25.1% +18.5% +20.1% +20.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 90,216 2,663 2,961 2,041 78.3 3.0 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 92,608 2,100 2,084 1,281 49.2 2.3 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 89,139 2,175 2,591 1,943 74.7 2.4 May 13, 2024 J-GAAP
Apr - Jun, 2024 111,769 3,126 3,731 2,578 99.5 2.8 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 110,401 3,152 2,849 2,044 78.9 2.9 Nov 12, 2024 J-GAAP
YoY +22.4% +18.4% -3.8% +0.1% +0.8%

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