MINISTOP, The Current Fiscal Year Ordinary Profit Revised Downward to a Loss

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Fri Jan 10, 2025 3:30 pm JST Earnings

9946 MINISTOP CO., LTD. 【J-GAAP】

Earnings Report

MINISTOP CO., LTD. <9946> [TSE Prime] announced its financial results after the market closed on January 10th (15:30). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending February 2025 (March to November) turned into a loss of 1.69 billion yen (compared to a profit of 0.58 billion yen in the same period last year).

In addition, the full-year consolidated ordinary profit/loss has been revised downward from an expected profit of 1.8 billion yen to a loss of 1.9 billion yen (compared to a profit of 0.01 billion yen in the previous period), turning to a loss outlook.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit/loss for the September to February period (2H) has been revised downward from an expected profit of 2.39 billion yen to a loss of 1.3 billion yen (compared to a loss of 0.74 billion yen in the same period of the previous year), turning to a loss outlook.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary loss expanded to a loss of 1.1 billion yen (compared to a loss of 0.17 billion yen in the same period last year). The operating profit/loss margin drastically worsened from -1.9% in the same period last year to -5.5%.

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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
Mar - Nov, 2022	62,969	-162	454	14,601	503.3	ー	Jan 11, 2023	J-GAAP
Mar - Nov, 2023	60,486	86	585	313	10.8	5,850.0	Jan 11, 2024	J-GAAP
Mar - Nov, 2024	66,578	-2,023	-1,692	-1,854	-63.9	ー	Jan 10, 2025	J-GAAP
YoY	+10.1%	－	－	－	－

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2024 Prev	45,490	2,299	2,391	1,084	37.4	10	Oct 9, 2024	J-GAAP
Sep - Feb, 2024 New	45,490	-1,501	-1,309	-1,816	-62.6	10	Jan 10, 2025	J-GAAP
Revision Rate	0.0%	－	－	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2025 Prev	90,000	1,500	1,800	400	13.8	20	Apr 10, 2024	J-GAAP
Feb, 2025 New	90,000	-2,300	-1,900	-2,500	-86.2	20	Jan 10, 2025	J-GAAP
Revision Rate	0.0%	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	38,348	-1,065	-749	-1,071	-36.9	10	Apr 10, 2024	J-GAAP
Sep - Feb, 2024 Guidance	45,490	-1,501	-1,309	-1,816	-62.6	10	Jan 10, 2025	J-GAAP
YoY	+18.6%	-40.9%	-74.8%	-69.6%	-69.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	81,286	-1,036	-142	12,834	442.4	20	Apr 12, 2023	J-GAAP
Feb, 2024	79,056	-609	10	-468	-16.1	20	Apr 10, 2024	J-GAAP
Feb, 2025 Guidance	90,000	-2,300	-1,900	-2,500	-86.2	20	Jan 10, 2025	J-GAAP
YoY	+13.8%	-277.7%	－	-434.2%	-434.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	19,778	-370	-174	-290	-10.0	-1.9	Jan 11, 2024	J-GAAP
Dec - Feb, 2023	18,570	-695	-575	-781	-26.9	-3.7	Apr 10, 2024	J-GAAP
Mar - May, 2024	20,553	-1,338	-1,231	-1,135	-39.1	-6.5	Jul 10, 2024	J-GAAP
Jun - Aug, 2024	23,957	539	640	451	15.6	2.2	Oct 9, 2024	J-GAAP
Sep - Nov, 2024	22,068	-1,224	-1,101	-1,170	-40.3	-5.5	Jan 10, 2025	J-GAAP
YoY	+11.6%	-230.8%	-532.8%	-303.4%	-302.6%