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MINATO HOLDINGS , Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 49%

Mon Feb 10, 2025 3:30 pm JST Earnings

6862 MINATO HOLDINGS INC. 【J-GAAP】

Earnings Report

MINATO HOLDINGS INC. <6862> [TSE Std] announced its financial results after the market closed on February 10th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 49.5% from the same period last year to 606 million yen. The progress rate toward the full-year plan of 665 million yen was 91.1%, also surpassing the five-year average of 72.9%.

Based on the cumulative third-quarter performance announced by the company and the 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 59 million yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 224 million yen, a 20.8% decrease compared to the same period last year. The operating profit margin worsened from 5.9% in the same period last year to 3.2%.

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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 17,200 668 775 486 64.4 86.6 Feb 10, 2023 J-GAAP
Apr - Dec, 2023 14,162 1,180 1,199 1,503 201.0 98.0 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 18,243 669 606 392 52.9 91.1 Feb 10, 2025 J-GAAP
YoY +28.8% -43.3% -49.5% -73.9% -73.7%

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 8,123 270 283 250 33.7 14 Nov 11, 2024 J-GAAP
Oct - Mar, 2024 New 11,123 270 283 250 33.7 14 Feb 10, 2025 J-GAAP
Revision Rate +36.9% 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 20,000 735 665 485 65.5 14 May 14, 2024 J-GAAP
Mar, 2025 New 23,000 735 665 485 65.5 14 Feb 10, 2025 J-GAAP
Revision Rate +15.0% 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 9,635 335 308 188 25.2 14 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 11,123 270 283 250 33.7 14 Feb 10, 2025 J-GAAP
YoY +15.4% -19.4% -8.1% +33.0% +34.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 22,599 810 895 590 78.4 10 May 19, 2023 J-GAAP
Mar, 2024 19,018 1,235 1,224 1,483 198.6 14 May 14, 2024 J-GAAP
Mar, 2025 Guidance 23,000 735 665 485 65.5 14 Feb 10, 2025 J-GAAP
YoY +20.9% -40.5% -45.7% -67.3% -67.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 4,779 280 283 208 27.8 5.9 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 4,856 55 25 -20 -2.7 1.1 May 14, 2024 J-GAAP
Apr - Jun, 2024 4,701 52 63 37 5.0 1.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 7,176 413 319 198 26.7 5.8 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 6,366 204 224 157 21.2 3.2 Feb 10, 2025 J-GAAP
YoY +33.2% -27.1% -20.8% -24.5% -23.9%

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