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

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% － － － －

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