Milbon Co., Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 39%, July-September Ordinary Profit Increases by 4.2 times

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Fri Nov 15, 2024 3:30 pm JST Earnings

4919 Milbon Co., Ltd. 【J-GAAP】

Earnings Report

Milbon Co., Ltd. <4919> [TSE-P] announced its financial results after the market closed on November 15th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to 4.88 billion yen, an increase of 39.4% compared to the same period last year. The progress rate against the 6.56 billion yen full-year plan was 74.4%, exceeding the five-year average of 71.3%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to decrease by 19.4% from the same period last year to 1.67 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit surged to 4.2 times that of the same period last year, reaching 1.55 billion yen. The operating profit margin drastically improved from 2.8% in the same period last year to 13.4%.

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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	32,407	5,662	6,042	4,310	132.6	77.2	Nov 11, 2022	J-GAAP
Jan - Sep, 2023	34,150	3,416	3,502	2,489	76.5	62.7	Nov 10, 2023	J-GAAP
Jan - Sep, 2024	36,993	4,854	4,881	3,393	104.3	74.4	Nov 15, 2024	J-GAAP
YoY	+8.3%	+42.1%	+39.4%	+36.3%	+36.2%

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	25,059	2,435	2,457	1,806	55.5	48	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	26,094	3,422	3,236	2,370	72.8	48	Aug 9, 2024	J-GAAP
YoY	+4.1%	+40.5%	+31.7%	+31.2%	+31.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	45,238	7,551	7,829	5,577	171.5	86	Feb 14, 2023	J-GAAP
Dec, 2023	47,762	5,525	5,586	4,001	123.0	88	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	50,620	6,600	6,560	4,650	142.8	88	Feb 14, 2024	J-GAAP
YoY	+6.0%	+19.5%	+17.4%	+16.2%	+16.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	11,447	326	373	294	9.0	2.8	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	13,612	2,109	2,084	1,512	46.5	15.5	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	11,508	1,337	1,390	973	29.9	11.6	May 14, 2024	J-GAAP
Apr - Jun, 2024	13,018	1,841	1,934	1,307	40.2	14.1	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	12,467	1,676	1,557	1,113	34.2	13.4	Nov 15, 2024	J-GAAP
YoY	+8.9%	+414.1%	+317.4%	+278.6%	+278.3%