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MEIKO CONSTRUCTION, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 7%

Fri Jan 31, 2025 4:10 pm JST Earnings

1869 MEIKO CONSTRUCTION CO.,LTD. 【J-GAAP】

Earnings Report

MEIKO CONSTRUCTION CO.,LTD. <1869> [NSE Main] announced its financial results after the market closed on January 31st (16:10). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 7.4% from the same period last year, reaching 4.68 billion yen. The progress rate toward the full-year plan of 5.4 billion yen was 86.8%, also surpassing the five-year average of 72.0%.

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 significant drop 51.1% from the same period last year to 0.71 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 1.66 billion yen, a 21.2% decrease compared to the same period last year. The operating profit margin worsened from 8.3% in the same period last year to 6.0%.

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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 59,744 4,403 4,776 3,314 131.3 71.2 Jan 27, 2023 J-GAAP
Apr - Dec, 2023 63,756 3,962 4,365 2,981 118.1 75.0 Jan 29, 2024 J-GAAP
Apr - Dec, 2024 64,974 4,191 4,688 3,188 126.3 86.8 Jan 31, 2025 J-GAAP
YoY +1.9% +5.8% +7.4% +6.9% +6.9%

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 46,189 3,386 3,568 2,473 98.0 19 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 51,195 2,280 2,377 1,747 69.2 18 Oct 28, 2024 J-GAAP
YoY +10.8% -32.7% -33.4% -29.4% -29.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 84,185 6,331 6,704 4,657 184.5 34 May 11, 2023 J-GAAP
Mar, 2024 86,218 5,370 5,820 4,028 159.6 36 May 9, 2024 J-GAAP
Mar, 2025 Guidance 91,500 5,000 5,400 3,800 150.5 36 May 9, 2024 J-GAAP
YoY +6.1% -6.9% -7.2% -5.7% -5.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 23,727 1,978 2,113 1,426 56.5 8.3 Jan 29, 2024 J-GAAP
Jan - Mar, 2024 22,462 1,408 1,455 1,047 41.5 6.3 May 9, 2024 J-GAAP
Apr - Jun, 2024 18,374 426 718 469 18.6 2.3 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 21,931 2,294 2,305 1,584 62.8 10.5 Oct 30, 2024 J-GAAP
Oct - Dec, 2024 24,669 1,471 1,665 1,135 45.0 6.0 Jan 31, 2025 J-GAAP
YoY +4.0% -25.6% -21.2% -20.4% -20.4%

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