mbs inc, First Half Ordinary Profit Increases by 4%, Sep-Nov Ordinary Profit Increases by 50%

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Tue Jan 14, 2025 4:00 pm JST Earnings

1401 mbs,inc. 【J-GAAP】

Earnings Report

mbs,inc. <1401> [TSE Growth] announced its financial results after the market closed on January 14th (16:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending May 2025 (June to November) increased 4.5% from the same period last year, reaching 303 million yen. The progress rate toward the full-year plan of 659 million yen was 46.0%, exceeding the five-year average of 40.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the December to May period (2H) is expected to expand 50.2% from the same period last year, reaching 356 million yen.

In the most recent three-month period, from September to November (2Q), the ordinary profit increased 50.0% from the same period last year, reaching 249 million yen. The operating profit margin rose from 14.2% in the same period last year to 15.9%.

Kabutan News

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
Jun - Nov, 2022	1,775	141	158	107	14.1	33.8	Jan 13, 2023	J-GAAP
Jun - Nov, 2023	2,144	273	290	197	26.3	55.0	Jan 15, 2024	J-GAAP
Jun - Nov, 2024	2,241	277	303	207	28.3	46.0	Jan 14, 2025	J-GAAP
YoY	+4.5%	+1.5%	+4.5%	+5.1%	+7.7%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2024 Guidance	2,378	310	341	232	31.8	0	Jul 12, 2024	J-GAAP
Jun - Nov, 2024 Results	2,241	277	303	207	28.3	0	Jan 14, 2025	J-GAAP
Revision Rate	-5.8%	-10.6%	-11.1%	-10.8%	-11.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec - May, 2023	2,212	222	237	206	27.6	8	Jul 12, 2024	J-GAAP
Dec - May, 2024 Guidance	2,464	338	356	243	33.6	10	Jan 14, 2025	J-GAAP
YoY	+11.4%	+52.3%	+50.2%	+18.0%	+21.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2023	4,004	432	468	322	42.6	6	Jul 14, 2023	J-GAAP
May, 2024	4,356	495	527	403	54.1	8	Jul 12, 2024	J-GAAP
May, 2025 Guidance	4,705	615	659	450	62.2	10	Jul 12, 2024	J-GAAP
YoY	+8.0%	+24.2%	+25.0%	+11.7%	+15.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	1,105	157	166	113	15.1	14.2	Jan 15, 2024	J-GAAP
Dec - Feb, 2023	1,013	117	124	90	12.0	11.5	Apr 12, 2024	J-GAAP
Mar - May, 2024	1,199	105	113	116	15.6	8.8	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	809	50	54	35	4.9	6.2	Oct 15, 2024	J-GAAP
Sep - Nov, 2024	1,432	227	249	172	23.6	15.9	Jan 14, 2025	J-GAAP
YoY	+29.6%	+44.6%	+50.0%	+52.2%	+56.1%