MIRAIT ONE Corporation, First Half Ordinary Profit Increases by 55%, July-September Ordinary Profit Increases by 46%

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Wed Nov 13, 2024 3:30 pm JST Earnings

1417 MIRAIT ONE Corporation 【J-GAAP】

Earnings Report

MIRAIT ONE Corporation <1417> [TSE-P] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 4.89 billion yen, an increase of 54.9% compared to the same period last year. However, The progress rate against the 28 billion yen full-year plan was 17.5%, also falling below the five-year average of 21.2%.

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 expand by 48.8% from the same period last year, reaching 23.1 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 45.8% from the same period last year, reaching 2.4 billion yen. The operating profit margin improved from 1.3% in the same period last year to 2.4%.

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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	202,085	899	1,444	416	4.2	6.5	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	216,640	2,364	3,158	191	2.0	16.9	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	249,905	4,680	4,892	1,418	15.6	17.5	Nov 13, 2024	J-GAAP
YoY	+15.4%	+98.0%	+54.9%	+642.4%	+674.1%

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	－	35	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	249,905	4,680	4,892	1,418	15.6	35	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	301,744	15,466	15,532	12,344	131.3	35	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	320,095	22,320	23,108	16,582	183.8	40	Nov 13, 2024	J-GAAP
YoY	+6.1%	+44.3%	+48.8%	+34.3%	+40.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	483,987	21,803	22,384	14,781	151.2	60	May 15, 2023	J-GAAP
Mar, 2024	518,384	17,830	18,690	12,535	133.3	65	May 13, 2024	J-GAAP
Mar, 2025 Guidance	570,000	27,000	28,000	18,000	199.5	75	May 13, 2024	J-GAAP
YoY	+10.0%	+51.4%	+49.8%	+43.6%	+49.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	116,116	1,475	1,647	771	8.1	1.3	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	127,222	2,603	2,664	754	8.0	2.0	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	174,522	12,863	12,868	11,590	123.3	7.4	May 13, 2024	J-GAAP
Apr - Jun, 2024	117,338	1,493	2,490	744	8.1	1.3	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	132,567	3,187	2,402	674	7.4	2.4	Nov 13, 2024	J-GAAP
YoY	+14.2%	+116.1%	+45.8%	-12.6%	-8.8%