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Menicon Co.,Ltd., First Half Ordinary Profit Increases by 13%, July-September Ordinary Profit Increases by 12%

Wed Nov 13, 2024 2:00 pm JST Earnings

7780 Menicon Co.,Ltd. 【J-GAAP】

Earnings Report

Menicon Co.,Ltd. <7780> [TSE-P] announced its financial results in the afternoon session on November 13th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 13.4% from the same period last year, reaching 5.61 billion yen. The progress rate against the 9.5 billion yen full-year plan was 59.1%, almost the same as the five-year average of 58.6%.

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 18.6% from the same period last year, reaching 3.88 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 12.2% from the same period last year, reaching 2.87 billion yen. The operating profit margin improved from 8.9% in the same period last year to 9.2%.

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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 54,129 6,870 6,597 4,263 56.2 56.1 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 58,126 5,253 4,952 3,321 43.7 60.2 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 60,571 5,487 5,618 3,622 47.7 59.1 Nov 13, 2024 J-GAAP
YoY +4.2% +4.5% +13.4% +9.1% +9.1%

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 60,571 5,487 5,618 3,622 47.7 0 Nov 13, 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 58,066 3,698 3,273 1,217 16.0 25 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 62,129 4,513 3,882 3,378 44.5 28 Nov 13, 2024 J-GAAP
YoY +7.0% +22.0% +18.6% +177.6% +178.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 110,194 12,062 11,755 7,377 97.3 25 May 15, 2023 J-GAAP
Mar, 2024 116,192 8,951 8,225 4,538 59.7 25 May 14, 2024 J-GAAP
Mar, 2025 Guidance 122,700 10,000 9,500 7,000 92.2 28 May 14, 2024 J-GAAP
YoY +5.6% +11.7% +15.5% +54.3% +54.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 29,680 2,636 2,560 1,744 22.9 8.9 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 29,275 2,276 2,317 1,255 16.5 7.8 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 28,791 1,422 956 -38 -0.5 4.9 May 14, 2024 J-GAAP
Apr - Jun, 2024 30,155 2,681 2,745 1,765 23.2 8.9 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 30,416 2,806 2,873 1,857 24.4 9.2 Nov 13, 2024 J-GAAP
YoY +2.5% +6.4% +12.2% +6.5% +6.5%

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