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MRT Inc., January-September (Third Quarter Cumulative) Net Income Turns to Loss, July-September Net Income Turns to Loss

Thu Nov 14, 2024 3:30 pm JST Earnings

6034 MRT Inc. 【IFRS】

Earnings Report

MRT Inc. <6034> [TSE-G] announced its financial results (based on IFRS) after the market closed on November 14th (15:30). The consolidated net income/loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) turned into a loss of 64 million yen (compared to a profit of 602 million yen in the same period last year).

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income/loss for the October to December period (4Q) is expected to turn into a profit of 144 million yen (compared to a loss of 85 million yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated net income/loss turned to a loss of 96 million yen (compared to a profit of 86 million yen in the same period last year). The operating profit/loss margin drastically worsened from 13.8% in the same period last year to -13.9%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2022 6,989 2,588 2,554 1,737 311.7 87.0 Nov 11, 2022 IFRS
Jan - Sep, 2023 4,348 941 962 602 109.8 112.3 Nov 14, 2023 IFRS
Jan - Sep, 2024 3,153 -34 -51 -64 -11.8 Nov 14, 2024 IFRS
YoY -27.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 2,168 46 43 2 0.4 0 Feb 14, 2024 IFRS
Jul - Dec, 2024 Guidance 2,180 54 63 48 8.4 0 Aug 14, 2024 IFRS
YoY +0.6% +17.4% +46.5% +2,300.0% +2,230.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 8,738 2,977 2,936 2,159 387.5 30 Feb 14, 2023 IFRS
Dec, 2023 5,407 834 857 518 94.4 0 Feb 14, 2024 IFRS
Dec, 2024 Guidance 4,400 150 150 80 14.0 0 Feb 14, 2024 IFRS
YoY -18.6% -82.0% -82.5% -84.6% -85.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,109 153 148 86 15.7 13.8 Nov 14, 2023 IFRS
Oct - Dec, 2023 1,059 -107 -105 -84 -15.3 -10.1 Feb 14, 2024 IFRS
Jan - Mar, 2024 937 -103 -109 -66 -12.2 -11.0 May 15, 2024 IFRS
Apr - Jun, 2024 1,283 199 196 98 18.3 15.5 Aug 14, 2024 IFRS
Jul - Sep, 2024 933 -130 -138 -96 -17.8 -13.9 Nov 14, 2024 IFRS
YoY -15.9%

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