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m-up holdings, Inc., The Current Fiscal Year Ordinary Profit Revised Upward by 15%, Adds to Record High Profit Forecast

Thu Nov 14, 2024 3:30 pm JST Earnings

3661 m-up holdings, Inc. 【J-GAAP】

Earnings Report

m-up holdings, Inc. <3661> [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 1.98 billion yen, an increase of 34.5% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 14.7%, from the previous forecast of 3.4 billion yen to 3.9 billion yen (compared to 2.86 billion yen in the previous period), increasing the growth rate from 18.6% to 36.0%, further surpassing the previous forecast of record-high profits for six consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand by 37.6% from the same period last year, reaching 1.92 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 60.1% from the same period last year, reaching 1.09 billion yen. The operating profit margin rose from 15.1% in the same period last year to 16.9%.

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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 7,764 1,187 1,200 639 8.8 58.0 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 8,865 1,457 1,472 795 11.0 51.3 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 12,266 1,957 1,980 834 11.7 50.8 Nov 14, 2024 J-GAAP
YoY +38.4% +34.3% +34.5% +4.9% +5.8%

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 － 0 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 12,266 1,957 1,980 834 11.7 0 Nov 14, 2024 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 20,000 3,400 3,400 1,800 25.2 8.25 May 15, 2024 J-GAAP
Mar, 2025 New 24,000 3,900 3,900 2,000 28.0 8.25 Nov 14, 2024 J-GAAP
Revision Rate +20.0% +14.7% +14.7% +11.1% +11.1%

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 9,709 1,368 1,395 686 9.5 6.75 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 11,734 1,943 1,920 1,166 16.4 8.25 Nov 14, 2024 J-GAAP
YoY +20.9% +42.0% +37.6% +70.0% +71.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 15,936 2,074 2,068 1,093 15.1 5 May 15, 2023 J-GAAP
Mar, 2024 18,574 2,825 2,867 1,481 20.5 6.75 May 15, 2024 J-GAAP
Mar, 2025 Guidance 24,000 3,900 3,900 2,000 28.0 8.25 Nov 14, 2024 J-GAAP
YoY +29.2% +38.1% +36.0% +35.0% +36.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 4,472 674 686 365 5.1 15.1 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 4,662 717 727 373 5.2 15.4 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 5,047 651 668 313 4.3 12.9 May 15, 2024 J-GAAP
Apr - Jun, 2024 5,837 870 882 476 6.7 14.9 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 6,429 1,087 1,098 358 5.0 16.9 Nov 14, 2024 J-GAAP
YoY +43.8% +61.3% +60.1% -1.9% -1.2%

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