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Misawa &, Feb-Oct (Third Quarter Cumulative) Ordinary Profit Turns to Profit, Aug-Oct Ordinary Profit Turns to Profit

Fri Dec 13, 2024 4:00 pm JST Earnings

3169 Misawa & Co.,Ltd. 【J-GAAP】

Earnings Report

Misawa & Co.,Ltd. <3169> [TSE Std] announced its financial results after the market closed on December 13th (16:00). The ordinary profit/loss (non-consolidated) for the cumulative third quarter of the fiscal year ending January 2025 (February to October) turned into a profit of 89 million yen (compared to a loss of 51 million yen in the same period last year). However, the progress rate toward the full-year plan of 189 million yen was 47.1%, also falling below the five-year average of 73.3%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the November to January period (4Q) is expected to grow 1.0% from the same period last year, reaching 100 million yen.

In the most recent three-month period, from August to October (3Q), the ordinary profit/loss turned to a profit of 30 million yen (compared to a loss of 48 million yen in the same period last year). The operating profit/loss margin improved from -1.2% in the same period last year to 0.7%.

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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
Feb - Oct, 2022 9,223 433 399 242 34.1 75.7 Dec 15, 2022 J-GAAP
Feb - Oct, 2023 8,943 -34 -51 -50 -7.1 ー Dec 15, 2023 J-GAAP
Feb - Oct, 2024 9,355 87 89 27 3.9 47.1 Dec 13, 2024 J-GAAP
YoY +4.6% － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2023 6,083 62 51 21 3.0 8 Mar 15, 2024 J-GAAP
Aug - Jan, 2024 Guidance 6,997 134 130 102 14.4 8 Sep 13, 2024 J-GAAP
YoY +15.0% +116.1% +154.9% +385.7% +376.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2023 12,198 534 527 341 48.0 10 Mar 17, 2023 J-GAAP
Jan, 2024 12,085 64 48 12 1.7 8 Mar 15, 2024 J-GAAP
Jan, 2025 Guidance 13,305 201 189 128 18.1 8 Mar 15, 2024 J-GAAP
YoY +10.1% +214.1% +293.8% +966.7% +946.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Aug - Oct, 2023 2,941 -36 -48 -41 -5.8 -1.2 Dec 15, 2023 J-GAAP
Nov - Jan, 2023 3,142 98 99 62 8.9 3.1 Mar 15, 2024 J-GAAP
Feb - Apr, 2024 3,301 97 90 55 7.9 2.9 Jun 14, 2024 J-GAAP
May - Jul, 2024 3,007 -30 -31 -29 -4.1 -1.0 Sep 13, 2024 J-GAAP
Aug - Oct, 2024 3,047 20 30 1 0.1 0.7 Dec 13, 2024 J-GAAP
YoY +3.6% － － － －

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