MEITEC Group, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 6%, Oct-Dec Ordinary Profit Increases by 9%

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Thu Jan 30, 2025 11:30 am JST Earnings

9744 MEITEC Group Holdings Inc. 【J-GAAP】

Earnings Report

MEITEC Group Holdings Inc. <9744> [TSE Prime] announced its financial results at noon (11:30) on January 30th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 6.4% from the same period last year, reaching 15.2 billion yen. The progress rate toward the full-year plan of 18.3 billion yen was 83.3%, also surpassing the five-year average of 76.2%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to decrease 8.6% from the same period last year to 3.04 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 8.7% from the same period last year, reaching 6.2 billion yen. The operating profit margin rose from 17.3% in the same period last year to 17.9%.

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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
Apr - Dec, 2022	88,696	12,385	12,447	8,490	106.2	75.3	Jan 31, 2023	J-GAAP
Apr - Dec, 2023	95,497	14,327	14,335	9,804	125.1	81.1	Feb 1, 2024	J-GAAP
Apr - Dec, 2024	100,398	15,212	15,253	9,801	127.0	83.3	Jan 30, 2025	J-GAAP
YoY	+5.1%	+6.2%	+6.4%	0.0%	+1.5%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	64,423	9,040	9,042	6,593	84.4	70	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	67,463	9,180	9,252	6,362	82.4	97	Oct 31, 2024	J-GAAP
YoY	+4.7%	+1.5%	+2.3%	-3.5%	-2.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	119,069	16,462	16,540	12,252	153.9	102	May 11, 2023	J-GAAP
Mar, 2024	126,976	17,660	17,667	12,343	158.0	114	May 9, 2024	J-GAAP
Mar, 2025 Guidance	133,300	18,200	18,300	11,900	154.1	185	Oct 31, 2024	J-GAAP
YoY	+5.0%	+3.1%	+3.6%	-3.6%	-2.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	32,944	5,707	5,710	4,054	51.7	17.3	Feb 1, 2024	J-GAAP
Jan - Mar, 2024	31,479	3,333	3,332	2,539	32.5	10.6	May 9, 2024	J-GAAP
Apr - Jun, 2024	32,910	4,767	4,780	3,223	41.8	14.5	Aug 1, 2024	J-GAAP
Jul - Sep, 2024	32,927	4,253	4,268	2,315	30.0	12.9	Oct 31, 2024	J-GAAP
Oct - Dec, 2024	34,561	6,192	6,205	4,263	55.2	17.9	Jan 30, 2025	J-GAAP
YoY	+4.9%	+8.5%	+8.7%	+5.2%	+6.7%