MICREED, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 14%, Oct-Dec Ordinary Profit Increases by 16%

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Thu Jan 30, 2025 4:00 pm JST Earnings

7687 MICREED Co.,Ltd. 【J-GAAP】

Earnings Report

MICREED Co.,Ltd. <7687> [TSE Growth] announced its financial results after the market closed on January 30th (16:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 14.4% from the same period last year, reaching 350 million yen. The progress rate toward the full-year plan of 365 million yen was 95.9%, almost the same as the five-year average of 95.4%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the January to March period (4Q) is expected to decrease 6.3% from the same period last year to 15 million yen.

In the most recent three-month period, from October to December (3Q), the ordinary profit grew 16.1% from the same period last year, reaching 159 million yen. The operating profit margin remained almost flat, changing from 8.7% in the same period last year to 8.7%.

Kabutan News

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	3,423	156	158	103	15.9	80.6	Jan 31, 2023	J-GAAP
Apr - Dec, 2023	4,493	306	306	200	30.6	95.0	Jan 31, 2024	J-GAAP
Apr - Dec, 2024	5,149	350	350	229	34.8	95.9	Jan 30, 2025	J-GAAP
YoY	+14.6%	+14.4%	+14.4%	+14.5%	+13.9%

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	3,033	154	153	112	17.1	3.37	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	3,538	175	174	121	18.4	3.70	Oct 31, 2024	J-GAAP
YoY	+16.7%	+13.6%	+13.7%	+8.0%	+7.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	4,668	194	196	134	20.6	4.13	May 12, 2023	J-GAAP
Mar, 2024	5,936	322	322	222	33.9	6.77	May 15, 2024	J-GAAP
Mar, 2025 Guidance	6,850	365	365	245	37.2	7.50	Oct 31, 2024	J-GAAP
YoY	+15.4%	+13.4%	+13.4%	+10.4%	+9.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	1,590	138	137	90	13.8	8.7	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	1,443	16	16	22	3.4	1.1	May 15, 2024	J-GAAP
Apr - Jun, 2024	1,594	90	91	59	9.1	5.6	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	1,718	100	100	65	9.9	5.8	Oct 31, 2024	J-GAAP
Oct - Dec, 2024	1,837	160	159	105	16.0	8.7	Jan 30, 2025	J-GAAP
YoY	+15.5%	+15.9%	+16.1%	+16.7%	+16.1%