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MEIDENSHA, The Current Fiscal Year Ordinary Profit Revised Upward by 19%, Raises Record High Profit Forecast

Fri Jan 31, 2025 3:30 pm JST Earnings

6508 MEIDENSHA CORPORATION 【J-GAAP】

Earnings Report

MEIDENSHA CORPORATION <6508> [TSE Prime] announced its financial results after the market closed on January 31st (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) surged 16 times that of the same period last year, reaching 6.72 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 19.4%, from the previous forecast of 15.5 billion yen to 18.5 billion yen (compared to 13.3 billion yen in the previous period), increasing the growth rate from 15.8% to 38.2%, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 21.8%, from the previous forecast of 13.7 billion yen to 16.7 billion yen (compared to 15 billion yen in the same period of the previous year), turning to a 11.7% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.4 times that of the same period last year, reaching 4.97 billion yen. The operating profit margin improved from 3.5% in the same period last year to 5.7%.

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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
Apr - Dec, 2022 170,009 -4,692 -4,269 -2,582 -56.9 ー Jan 31, 2023 J-GAAP
Apr - Dec, 2023 183,918 -79 424 1,641 36.2 3.2 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 191,083 5,990 6,722 5,931 130.8 36.3 Jan 31, 2025 J-GAAP
YoY +3.9% － +1,485.4% +261.4% +261.3%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 179,901 14,091 13,757 9,406 207.3 － Oct 28, 2024 J-GAAP
Oct - Mar, 2024 New 184,901 16,591 16,757 11,906 262.4 － Jan 31, 2025 J-GAAP
Revision Rate +2.8% +17.7% +21.8% +26.6% +26.6%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 300,000 16,000 15,500 11,500 253.5 － Oct 28, 2024 J-GAAP
Mar, 2025 New 305,000 18,500 18,500 14,000 308.6 － Jan 31, 2025 J-GAAP
Revision Rate +1.7% +15.6% +19.4% +21.7% +21.7%

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 168,833 15,097 15,007 12,821 282.6 50 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 184,901 16,591 16,757 11,906 262.4 － Jan 31, 2025 J-GAAP
YoY +9.5% +9.9% +11.7% -7.1% -7.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 272,578 8,539 8,823 7,128 157.1 50 May 12, 2023 J-GAAP
Mar, 2024 287,880 12,731 13,385 11,205 247.0 75 May 10, 2024 J-GAAP
Mar, 2025 Guidance 305,000 18,500 18,500 14,000 308.6 － Jan 31, 2025 J-GAAP
YoY +5.9% +45.3% +38.2% +24.9% +24.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 64,871 2,287 2,046 3,257 71.8 3.5 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 103,962 12,810 12,961 9,564 210.8 12.3 May 10, 2024 J-GAAP
Apr - Jun, 2024 54,975 -896 213 1,017 22.4 -1.6 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 65,124 2,805 1,530 1,077 23.8 4.3 Oct 28, 2024 J-GAAP
Oct - Dec, 2024 70,984 4,081 4,979 3,837 84.6 5.7 Jan 31, 2025 J-GAAP
YoY +9.4% +78.4% +143.4% +17.8% +17.8%

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