MARUI GROUP CO.,LTD., First Half Ordinary Profit Increases by 12%

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Tue Nov 12, 2024 4:00 pm JST Earnings

8252 MARUI GROUP CO.,LTD. 【J-GAAP】

Earnings Report

MARUI GROUP CO.,LTD. <8252> [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 19.6 billion yen. However, The progress rate against the 41 billion yen full-year plan was 48.0%, also falling below the five-year average of 72.1%.

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 nearly flat at 21.3 billion yen, up 0.5% from the same period last year.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 10.3 billion yen, an increase of 2.3% compared to the same period last year. However, the operating profit margin decreased from 18.4% in the same period last year to 17.6%.

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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	108,949	22,415	21,557	13,416	67.1	59.3	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	112,148	18,688	17,551	11,475	60.6	45.3	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	123,960	21,506	19,664	12,149	64.8	48.0	Nov 12, 2024	J-GAAP
YoY	+10.5%	+15.1%	+12.0%	+5.9%	+6.9%

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	－	53	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	123,960	21,506	19,664	12,149	64.8	53	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	123,079	22,337	21,225	13,192	69.9	51	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	130,240	23,494	21,336	14,351	77.2	53	Nov 12, 2024	J-GAAP
YoY	+5.8%	+5.2%	+0.5%	+8.8%	+10.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	217,854	38,771	36,364	21,473	109.4	59	May 9, 2023	J-GAAP
Mar, 2024	235,227	41,025	38,776	24,667	130.7	101	May 14, 2024	J-GAAP
Mar, 2025 Guidance	254,200	45,000	41,000	26,500	142.5	106	Aug 6, 2024	J-GAAP
YoY	+8.1%	+9.7%	+5.7%	+7.4%	+9.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	58,614	10,807	10,154	7,138	37.7	18.4	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	58,351	10,236	9,624	6,148	32.5	17.5	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	64,728	12,101	11,601	7,044	37.3	18.7	May 14, 2024	J-GAAP
Apr - Jun, 2024	59,715	10,175	9,276	6,205	33.1	17.0	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	64,245	11,331	10,388	5,944	31.7	17.6	Nov 12, 2024	J-GAAP
YoY	+9.6%	+4.8%	+2.3%	-16.7%	-15.9%