MUTOH HOLDINGS CO., LTD., First Half Ordinary Profit Increases by 57%, July-September Ordinary Profit Increases by 3.6 times

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Wed Nov 13, 2024 4:00 pm JST Earnings

7999 MUTOH HOLDINGS CO., LTD. 【J-GAAP】

Earnings Report

MUTOH HOLDINGS CO., LTD. <7999> [TSE-S] announced its financial results after the market closed on November 13th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 698 million yen, an increase of 56.5% compared to the same period last year. The progress rate against the 1.3 billion yen full-year plan was 53.7%, also surpassing the five-year average of 43.2%.

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 decrease by 17.1% from the same period last year to 602 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 3.6 times that of the same period last year, reaching 359 million yen. The operating profit margin significantly improved from 3.7% in the same period last year to 7.3%.

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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	8,473	503	479	328	72.1	48.9	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	8,502	511	446	262	57.5	38.1	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	8,912	697	698	1,043	228.2	53.7	Nov 13, 2024	J-GAAP
YoY	+4.8%	+36.4%	+56.5%	+298.1%	+297.1%

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	－	36	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	8,912	697	698	1,043	228.2	36	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	9,005	735	726	502	109.9	40	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	9,088	603	602	107	23.4	74	Nov 13, 2024	J-GAAP
YoY	+0.9%	-18.0%	-17.1%	-78.7%	-78.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	16,794	967	979	878	192.5	45	May 12, 2023	J-GAAP
Mar, 2024	17,507	1,246	1,172	764	167.2	65	May 14, 2024	J-GAAP
Mar, 2025 Guidance	18,000	1,300	1,300	1,150	251.3	110	May 14, 2024	J-GAAP
YoY	+2.8%	+4.3%	+10.9%	+50.5%	+50.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,242	155	100	282	61.9	3.7	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	4,400	355	330	259	56.7	8.1	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	4,605	380	396	243	53.2	8.3	May 14, 2024	J-GAAP
Apr - Jun, 2024	4,472	374	339	870	190.4	8.4	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	4,440	323	359	173	37.9	7.3	Nov 13, 2024	J-GAAP
YoY	+4.7%	+108.4%	+259.0%	-38.7%	-38.8%