MEIWA INDUSTRY CO.,LTD., First Half Ordinary Profit Turns to Profit, July-September Ordinary Profit Turns to Profit

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Thu Nov 14, 2024 3:30 pm JST Earnings

7284 MEIWA INDUSTRY CO.,LTD. 【J-GAAP】

Earnings Report

MEIWA INDUSTRY CO.,LTD. <7284> [TSE-S] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 39 million yen (compared to a loss of 262 million yen in the same period last year). The progress rate against the 330 million yen full-year plan was 11.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 291 million yen (compared to a loss of 186 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 172 million yen (compared to a loss of 104 million yen in the same period last year). The operating profit/loss margin drastically improved from -2.0% in the same period last year to 3.4%.

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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	9,864	-164	-251	-190	-54.5	ー	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	10,842	-268	-262	-322	-92.2	ー	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	11,019	72	39	-45	-12.9	11.8	Nov 14, 2024	J-GAAP
YoY	+1.6%	－	－	+86.0%	+86.0%

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	－	25	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	11,019	72	39	-45	-12.9	25	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	11,552	-154	-186	17	4.9	25	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	11,981	358	291	305	87.2	25	Nov 14, 2024	J-GAAP
YoY	+3.7%	－	－	+1,694.1%	+1,689.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	21,195	68	-25	-73	-21.1	50	May 11, 2023	J-GAAP
Mar, 2024	22,394	-422	-448	-305	-87.3	50	May 14, 2024	J-GAAP
Mar, 2025 Guidance	23,000	430	330	260	74.3	50	May 14, 2024	J-GAAP
YoY	+2.7%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	5,684	-114	-104	-109	-31.2	-2.0	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	5,985	-28	-40	-90	-25.8	-0.5	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	5,567	-126	-146	107	30.6	-2.3	May 14, 2024	J-GAAP
Apr - Jun, 2024	5,219	-126	-133	-109	-31.4	-2.4	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	5,800	198	172	64	18.4	3.4	Nov 14, 2024	J-GAAP
YoY	+2.0%	－	－	－	－