Mercuria Holdings Co.,Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 25%, July-September Ordinary Profit Decreases by 51%

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Wed Nov 13, 2024 3:30 pm JST Earnings

7347 Mercuria Holdings Co.,Ltd. 【J-GAAP】

Earnings Report

Mercuria Holdings Co.,Ltd. <7347> [TSE-P] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 25.0% from the same period last year to 788 million yen. The progress rate against the 3 billion yen full-year plan was 26.3%, also falling below the five-year average of 84.3%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to surge by 4.7 times that of the same period last year, reaching 2.21 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit significantly dropped to 282 million yen, a 50.8% decrease compared to the same period last year. The operating profit margin decreased from 33.6% in the same period last year to 30.3%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	3,709	1,839	2,095	1,441	70.3	94.9	Nov 11, 2022	J-GAAP
Jan - Sep, 2023	4,959	848	1,051	719	36.7	69.1	Nov 13, 2023	J-GAAP
Jan - Sep, 2024	3,693	756	788	478	24.7	26.3	Nov 13, 2024	J-GAAP
YoY	-25.5%	-10.8%	-25.0%	-33.5%	-32.6%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	2,447	1,021	1,042	733	37.5	21	Feb 13, 2024	J-GAAP
Jul - Dec, 2024 Guidance	4,534	2,677	2,494	1,690	87.4	22	Aug 13, 2024	J-GAAP
YoY	+85.3%	+162.2%	+139.3%	+130.6%	+132.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	4,598	2,055	2,208	1,563	76.5	20	Feb 13, 2023	J-GAAP
Dec, 2023	5,842	1,344	1,520	1,055	54.0	21	Feb 13, 2024	J-GAAP
Dec, 2024 Guidance	6,800	3,000	3,000	2,000	103.4	22	Feb 13, 2024	J-GAAP
YoY	+16.4%	+123.2%	+97.4%	+89.6%	+91.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,564	525	573	397	20.2	33.6	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	883	496	469	336	17.2	56.2	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	1,007	-170	-82	-101	-5.2	-16.9	May 14, 2024	J-GAAP
Apr - Jun, 2024	1,259	493	588	411	21.2	39.2	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	1,427	433	282	168	8.7	30.3	Nov 13, 2024	J-GAAP
YoY	-8.8%	-17.5%	-50.8%	-57.7%	-57.1%