Musashino Kogyo Co.,Ltd., First Half Ordinary Profit Turns to Profit, July-September Ordinary Profit Turns to Profit

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Tue Nov 12, 2024 4:00 pm JST Earnings

9635 Musashino Kogyo Co.,Ltd. 【J-GAAP】

Earnings Report

Musashino Kogyo Co.,Ltd. <9635> [TSE-S] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 22 million yen (compared to a loss of 8 million yen in the same period last year). The progress rate against the 35 million yen full-year plan was 62.9%, almost the same as the five-year average of 60.5%.

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 significant drop by 50.0% from the same period last year to 13 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 4 million yen (compared to a loss of 5 million yen in the same period last year). The operating profit/loss margin improved from -1.0% in the same period last year to 1.5%.

Kabutan News

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	640	0	-12	-22	-21.4	ー	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	621	-2	-8	-13	-12.6	ー	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	657	21	22	19	18.7	62.9	Nov 12, 2024	J-GAAP
YoY	+5.8%	－	－	－	－

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	－	0	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	657	21	22	19	18.7	0	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	661	22	26	17	19.0	0	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	653	10	13	1	1.0	0	Nov 12, 2024	J-GAAP
YoY	-1.2%	-54.5%	-50.0%	-94.1%	-94.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,379	51	25	40	38.8	0	May 11, 2023	J-GAAP
Mar, 2024	1,282	20	18	4	4.5	0	May 14, 2024	J-GAAP
Mar, 2025 Guidance	1,310	31	35	20	19.1	0	May 14, 2024	J-GAAP
YoY	+2.2%	+55.0%	+94.4%	+400.0%	+328.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	312	-3	-5	-9	-8.8	-1.0	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	314	8	11	10	10.9	2.5	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	347	14	15	7	7.8	4.0	May 14, 2024	J-GAAP
Apr - Jun, 2024	316	16	18	18	17.5	5.1	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	341	5	4	1	1.0	1.5	Nov 12, 2024	J-GAAP
YoY	+9.3%	－	－	－	－