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MISUMI CO., LTD., First Half Operating Profit Turns to Profit

Wed Nov 13, 2024 2:00 pm JST Earnings

7441 MISUMI CO., LTD. 【J-GAAP】

Earnings Report

MISUMI CO., LTD. <7441> [FukuokaSE] announced its financial results in the afternoon session on November 13th (14:00). The consolidated operating profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 39 million yen (compared to a loss of 56 million yen in the same period last year). However, The progress rate against the 1.16 billion yen full-year plan was 3.4%, also falling below the five-year average of 34.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated operating profit for the October to March period (second half) is expected to expand by 30.3% from the same period last year, reaching 1.12 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated operating profit increased by 88.1% from the same period last year, reaching 79 million yen. The operating profit margin remained almost flat, changing from 0.3% in the same period last year to 0.5%.

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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 30,582 300 538 324 56.4 41.6 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 28,869 -56 130 33 5.9 10.3 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 29,040 39 287 426 74.5 18.0 Nov 13, 2024 J-GAAP
YoY +0.6% +120.8% +1,190.9% +1,166.5%

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 30,303 287 481 290 50.7 25 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 29,040 39 287 426 74.5 25 Nov 13, 2024 J-GAAP
Revision Rate -4.2% -86.4% -40.3% +46.9% +47.0%

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 31,787 862 1,129 677 117.9 25 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 34,815 1,123 1,304 452 79.2 25 Nov 13, 2024 J-GAAP
YoY +9.5% +30.3% +15.5% -33.2% -32.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 63,792 794 1,293 673 117.0 40 May 12, 2023 J-GAAP
Mar, 2024 60,656 806 1,259 710 123.7 45 May 13, 2024 J-GAAP
Mar, 2025 Guidance 63,855 1,162 1,591 878 153.8 50 May 13, 2024 J-GAAP
YoY +5.3% +44.2% +26.4% +23.7% +24.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 14,666 42 82 23 4.1 0.3 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 15,929 467 578 375 65.3 2.9 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 15,858 395 551 302 52.6 2.5 May 13, 2024 J-GAAP
Apr - Jun, 2024 14,404 -40 78 192 33.6 -0.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 14,636 79 209 234 40.9 0.5 Nov 13, 2024 J-GAAP
YoY -0.2% +88.1% +154.9% +917.4% +897.8%

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