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

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%.

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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 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% － － － －

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