MASARU CORPORATION, 7% Increase in Ordinary Profit for The Current Fiscal Year, Dividend to Cut by 20 yen

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Thu Nov 14, 2024 3:00 pm JST Earnings

1795 MASARU CORPORATION 【J-GAAP】

Earnings Report

MASARU CORPORATION <1795> [TSE-S] announced its financial results in the afternoon session on November 14th (15:00). The consolidated ordinary profit for the fiscal year ending September 2024 decreased by 19.3% from the previous period to 421 million yen. For the fiscal year ending September 2025, the profit is expected to grow by 6.9% to 450 million yen. This will be the third consecutive term of revenue growth.

At the same time, the company has decided to reduce the dividend this fiscal year to 105 yen, a decrease of 20 yen from the previous fiscal year.

In the most recent three-month period, from July to September (4Q), the consolidated ordinary profit significantly dropped to 221 million yen, a 52.6% decrease compared to the same period last year. The operating profit margin sharply declined from 15.2% in the same period last year to 7.1%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2022	6,959	198	232	191	218.6	80	Nov 14, 2022	J-GAAP
Sep, 2023	8,635	504	522	344	391.7	140	Nov 14, 2023	J-GAAP
Sep, 2024	8,947	407	421	277	313.5	125	Nov 14, 2024	J-GAAP
YoY	+3.6%	-19.2%	-19.3%	-19.5%	-20.0%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Guidance	8,947	407	421	277	306.9	125	Nov 11, 2024	J-GAAP
Sep, 2024 Results	8,947	407	421	277	313.5	125	Nov 14, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	+2.2%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	4,658	393	407	270	306.5	0	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	5,100	400	420	280	316.0	0	Nov 14, 2024	J-GAAP
YoY	+9.5%	+1.8%	+3.2%	+3.7%	+3.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2023	8,635	504	522	344	391.7	140	Nov 14, 2023	J-GAAP
Sep, 2024	8,947	407	421	277	313.5	125	Nov 14, 2024	J-GAAP
Sep, 2025 Guidance	9,500	420	450	260	293.4	105	Nov 14, 2024	J-GAAP
YoY	+6.2%	+3.2%	+6.9%	-6.1%	-6.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,022	459	466	318	362.1	15.2	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	1,353	-161	-156	-112	-128.1	-11.9	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	3,305	554	563	382	433.6	16.8	May 13, 2024	J-GAAP
Apr - Jun, 2024	1,274	-200	-207	-164	-187.0	-15.7	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	3,015	214	221	171	193.6	7.1	Nov 14, 2024	J-GAAP
YoY	-0.2%	-53.4%	-52.6%	-46.2%	-46.5%