Microwave Chemical Co., Ltd., First Half Ordinary Profit Loss Narrows, July-September Ordinary Profit Loss Narrows

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Wed Nov 13, 2024 3:30 pm JST Earnings

9227 Microwave Chemical Co., Ltd. 【J-GAAP】

Earnings Report

Microwave Chemical Co., Ltd. <9227> [TSE-G] announced its financial results after the market closed on November 13th (15:30). The ordinary loss (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was a reduced loss of 203 million yen (compared to a loss of 263 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to drop by 38.2% from the same period last year to 243 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary loss improved to a deficit of loss of 7 million yen (compared to a loss of 93 million yen in the same period last year). The operating profit/loss margin drastically improved from -68.4% in the same period last year to -2.0%.

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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	342	-72	-103	-105	-7.3	ー	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	238	-262	-263	-288	-18.8	ー	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	325	-199	-203	-204	-13.0	ー	Nov 13, 2024	J-GAAP
YoY	+36.6%	+24.0%	+22.8%	+29.2%	+30.6%

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 10, 2024	J-GAAP
Apr - Sep, 2024 Results	325	-199	-203	-204	-13.0	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	1,625	396	393	-656	-42.5	0	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,385	247	243	241	15.2	0	Nov 13, 2024	J-GAAP
YoY	-14.8%	-37.6%	-38.2%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,215	59	26	75	5.1	0	May 12, 2023	J-GAAP
Mar, 2024	1,863	134	130	-944	-61.1	0	May 10, 2024	J-GAAP
Mar, 2025 Guidance	1,710	48	40	37	2.3	0	May 10, 2024	J-GAAP
YoY	-8.2%	-64.2%	-69.2%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	136	-93	-93	-104	-6.8	-68.4	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	1,032	217	216	215	14.0	21.0	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	593	179	177	-871	-56.4	30.2	May 10, 2024	J-GAAP
Apr - Jun, 2024	69	-194	-196	-196	-12.6	-281.2	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	256	-5	-7	-8	-0.5	-2.0	Nov 13, 2024	J-GAAP
YoY	+88.2%	+94.6%	+92.5%	+92.3%	+92.5%