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

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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%	+110.5%

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	5.7	1	May 15, 2024	J-GAAP
YoY	+8.3%	+59.4%	+62.1%	+157.8%	+158.1%

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%