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MIDAC HOLDINGS CO.,LTD., First Half Ordinary Profit Increases by 41%

Thu Nov 14, 2024 3:30 pm JST Earnings

6564 MIDAC HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

MIDAC HOLDINGS CO.,LTD. <6564> [TSE-P] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 1.85 billion yen, an increase of 40.6% compared to the same period last year, exceeded the previous forecast of 1.57 billion yen.

The progress rate against the 3.88 billion yen full-year plan was 47.9%, exceeding the five-year average of 44.8%.

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 1.6% from the same period last year to 2.02 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 40.8% from the same period last year, reaching 718 million yen. The operating profit margin rose from 25.6% in the same period last year to 30.2%.

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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 3,783 1,256 1,224 732 26.6 45.5 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 4,194 1,355 1,322 753 27.3 39.1 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 5,147 1,911 1,859 1,179 42.7 47.9 Nov 14, 2024 J-GAAP
YoY +22.7% +41.0% +40.6% +56.6% +56.3%

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 5,013 1,562 1,578 976 35.3 0 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 5,147 1,911 1,859 1,179 42.7 0 Nov 14, 2024 J-GAAP
Revision Rate +2.7% +22.3% +17.8% +20.8% +20.9%

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 5,353 2,183 2,055 1,154 41.8 8 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 5,244 1,938 2,022 1,305 47.2 10 Nov 14, 2024 J-GAAP
YoY -2.0% -11.2% -1.6% +13.1% +13.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 7,771 2,755 2,692 1,685 61.1 5 May 12, 2023 J-GAAP
Mar, 2024 9,547 3,538 3,377 1,907 69.0 8 May 15, 2024 J-GAAP
Mar, 2025 Guidance 10,391 3,849 3,881 2,484 89.8 10 May 15, 2024 J-GAAP
YoY +8.8% +8.8% +14.9% +30.3% +30.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,060 528 510 254 9.2 25.6 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 2,701 1,096 1,077 498 18.0 40.6 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 2,652 1,087 978 656 23.7 41.0 May 15, 2024 J-GAAP
Apr - Jun, 2024 2,669 1,162 1,141 724 26.2 43.5 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 2,478 749 718 455 16.5 30.2 Nov 14, 2024 J-GAAP
YoY +20.3% +41.9% +40.8% +79.1% +78.7%

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