Yokohama Maruuo, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 17%, Current Fiscal Year Dividend Revised Upward by 4 yen

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Thu Feb 6, 2025 3:30 pm JST Earnings

8045 Yokohama Maruuo Co., Ltd 【J-GAAP】

Earnings Report

Yokohama Maruuo Co., Ltd <8045> [TSE Std] announced its financial results after the market closed on February 6th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 16.8% from the same period last year, reaching 634 million yen. The progress rate toward the full-year plan of 650 million yen was 97.5%, it was below the five-year average of 136.6%.

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 50.0% from the same period last year to 16 million yen.

At the same time, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 26 yen to 30 yen (compared to 26 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 4.6% from the same period last year, reaching 318 million yen. However, the operating profit margin remained almost flat, changing from 1.3% in the same period last year to 1.2%.

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	31,252	125	450	384	60.3	100.0	Feb 3, 2023	J-GAAP
Apr - Dec, 2023	29,774	244	543	400	63.0	94.4	Feb 6, 2024	J-GAAP
Apr - Dec, 2024	30,954	283	634	430	67.6	97.5	Feb 6, 2025	J-GAAP
YoY	+4.0%	+16.0%	+16.8%	+7.5%	+7.4%

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	20,494	214	334	189	29.7	26	Nov 5, 2024	J-GAAP
Oct - Mar, 2024 New	20,494	214	334	189	29.7	30	Feb 6, 2025	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	39,400	350	650	420	66.0	26	May 14, 2024	J-GAAP
Mar, 2025 New	39,400	350	650	420	66.0	30	Feb 6, 2025	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	19,916	179	336	242	38.1	26	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	20,494	214	334	189	29.7	30	Feb 6, 2025	J-GAAP
YoY	+2.9%	+19.6%	-0.6%	-21.9%	-22.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	40,670	122	450	377	59.3	22	May 12, 2023	J-GAAP
Mar, 2024	38,614	277	575	409	64.3	26	May 14, 2024	J-GAAP
Mar, 2025 Guidance	39,400	350	650	420	66.0	30	Feb 6, 2025	J-GAAP
YoY	+2.0%	+26.4%	+13.0%	+2.7%	+2.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	11,076	146	304	233	36.7	1.3	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	8,840	33	32	9	1.4	0.4	May 14, 2024	J-GAAP
Apr - Jun, 2024	9,188	112	288	205	32.3	1.2	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	9,718	24	28	26	4.1	0.2	Nov 5, 2024	J-GAAP
Oct - Dec, 2024	12,048	147	318	199	31.3	1.2	Feb 6, 2025	J-GAAP
YoY	+8.8%	+0.7%	+4.6%	-14.6%	-14.7%