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Meiji Holdings, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 5%, Oct-Dec Ordinary Profit Decreases by 13%

Mon Feb 10, 2025 2:00 pm JST Earnings

2269 Meiji Holdings Co., Ltd. 【J-GAAP】

Earnings Report

Meiji Holdings Co., Ltd. <2269> [TSE Prime] announced its financial results in the afternoon session on February 10th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 4.8% from the same period last year to 65 billion yen. The progress rate toward the full-year plan of 83.5 billion yen was 77.9%, below the five-year average of 84.5%.

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 surge 2.4 times that of the same period last year, reaching 18.4 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 21.6 billion yen, a 12.8% decrease compared to the same period last year. The operating profit margin worsened from 8.8% in the same period last year to 7.2%.

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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 798,083 64,739 66,377 47,283 168.1 89.5 Feb 9, 2023 J-GAAP
Apr - Dec, 2023 833,003 69,712 68,308 44,946 161.1 89.9 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 875,026 66,454 65,038 43,624 159.4 77.9 Feb 10, 2025 J-GAAP
YoY +5.0% -4.7% -4.8% -2.9% -1.1%

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 559,447 39,879 32,587 22,754 81.6 47.50 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 589,994 41,608 40,153 23,133 85.4 50 Nov 11, 2024 J-GAAP
YoY +5.5% +4.3% +23.2% +1.7% +4.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 1,062,157 75,433 74,160 69,424 247.4 90 May 11, 2023 J-GAAP
Mar, 2024 1,105,494 84,322 76,020 50,675 181.6 95 May 10, 2024 J-GAAP
Mar, 2025 Guidance 1,159,000 86,000 83,500 50,000 184.6 100 May 10, 2024 J-GAAP
YoY +4.8% +2.0% +9.8% -1.3% +1.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 286,956 25,269 24,875 17,025 61.0 8.8 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 272,491 14,610 7,712 5,729 20.5 5.4 May 10, 2024 J-GAAP
Apr - Jun, 2024 278,704 20,498 20,752 13,949 50.2 7.4 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 290,302 23,894 22,595 12,918 47.0 8.2 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 306,020 22,062 21,691 16,757 61.2 7.2 Feb 10, 2025 J-GAAP
YoY +6.6% -12.7% -12.8% -1.6% +0.3%

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