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MATSUMOTO YUSHI-SEIYAKU CO.,LTD., First Half Ordinary Profit Decreases by 25%, July-September Ordinary Profit Decreases by 76%

Thu Nov 14, 2024 3:30 pm JST Earnings

4365 MATSUMOTO YUSHI-SEIYAKU CO.,LTD. 【J-GAAP】

Earnings Report

MATSUMOTO YUSHI-SEIYAKU CO.,LTD. <4365> [TSE-S] 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) decreased by 24.7% from the same period last year to 4.48 billion yen. However, The progress rate against the 8 billion yen full-year plan was 56.1%, also surpassing the five-year average of 48.6%.

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 26.4% from the same period last year to 3.51 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 684 million yen, a 75.6% decrease compared to the same period last year. The operating profit margin decreased from 22.0% in the same period last year to 20.7%.

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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 20,630 4,306 6,252 4,391 1,357.2 66.0 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 21,160 4,523 5,958 4,196 1,446.4 55.5 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 22,288 5,090 4,484 3,195 1,101.3 56.1 Nov 14, 2024 J-GAAP
YoY +5.3% +12.5% -24.7% -23.9% -23.9%

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 Aug 9, 2024 J-GAAP
Apr - Sep, 2024 Results 22,288 5,090 4,484 3,195 1,101.3 0 Nov 14, 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 20,366 4,235 4,775 3,308 1,140.2 400 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 19,012 3,410 3,516 2,305 794.5 400 Nov 14, 2024 J-GAAP
YoY -6.6% -19.5% -26.4% -30.3% -30.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 39,627 7,777 9,472 7,247 2,259.4 350 May 15, 2023 J-GAAP
Mar, 2024 41,526 8,758 10,733 7,504 2,586.4 400 May 15, 2024 J-GAAP
Mar, 2025 Guidance 41,300 8,500 8,000 5,500 1,895.7 400 Aug 9, 2024 J-GAAP
YoY -0.5% -2.9% -25.5% -26.7% -26.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 10,643 2,345 2,803 1,974 680.4 22.0 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 10,834 2,308 2,116 1,462 503.9 21.3 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 9,532 1,927 2,659 1,846 636.3 20.2 May 15, 2024 J-GAAP
Apr - Jun, 2024 11,665 2,890 3,800 2,701 931.2 24.8 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 10,623 2,200 684 494 170.3 20.7 Nov 14, 2024 J-GAAP
YoY -0.2% -6.2% -75.6% -75.0% -75.0%

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