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

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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%