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

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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%	+178.4%

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	92.3	28	May 14, 2024	J-GAAP
YoY	+5.6%	+11.7%	+15.5%	+54.3%	+54.7%

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%