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MRK HOLDINGS INC., July-September (2Q) Ordinary Profit Decreases by 10%

Thu Nov 14, 2024 3:30 pm JST Earnings

9980 MRK HOLDINGS INC. 【J-GAAP】

Earnings Report

MRK HOLDINGS INC. <9980> [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 110 million yen (compared to a loss of 26 million yen in the same period last year). However, The progress rate against the 1 billion yen full-year plan was 11.0%, also falling below the five-year average of 58.2%.

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 expand by 38.4% from the same period last year, reaching 890 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 442 million yen, a 10.3% decrease compared to the same period last year. The operating profit margin worsened from 8.7% in the same period last year to 7.3%.

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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 9,786 340 420 310 3.1 49.2 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 9,226 -126 -26 -55 -0.5 ー Nov 14, 2023 J-GAAP
Apr - Sep, 2024 10,021 27 110 -8 -0.1 11.0 Nov 14, 2024 J-GAAP
YoY +8.6% － － +85.5% +85.2%

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 10,021 27 110 -8 -0.1 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 10,358 678 643 280 2.8 1 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 11,179 853 890 588 5.8 1 Nov 14, 2024 J-GAAP
YoY +7.9% +25.8% +38.4% +110.0% +111.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 19,541 803 854 514 5.1 1 May 15, 2023 J-GAAP
Mar, 2024 19,584 552 617 225 2.2 1 May 15, 2024 J-GAAP
Mar, 2025 Guidance 21,200 880 1,000 580 5.8 1 May 15, 2024 J-GAAP
YoY +8.3% +59.4% +62.1% +157.8% +159.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 5,196 454 493 300 3.0 8.7 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 4,571 -251 -211 -167 -1.7 -5.5 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 5,787 929 854 447 4.4 16.1 May 15, 2024 J-GAAP
Apr - Jun, 2024 4,459 -379 -332 -266 -2.6 -8.5 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 5,562 406 442 258 2.6 7.3 Nov 14, 2024 J-GAAP
YoY +7.0% -10.6% -10.3% -14.0% -12.5%

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