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M3 Inc, Apr-Dec (Cumulative 3Q) Net Income Decreases by 11%

Mon Feb 10, 2025 3:30 pm JST Earnings

2413 M3, Inc. 【IFRS】

Earnings Report

M3, Inc. <2413> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 10th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 11.1% from the same period last year to 32.5 billion yen. The progress rate toward the full-year plan of 45 billion yen was 72.3%, also falling below the five-year average of 79.3%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to expand 43.9% from the same period last year, reaching 12.4 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income grew 15.5% from the same period last year, reaching 15.2 billion yen. However, the operating profit margin decreased from 32.2% in the same period last year to 26.2%.

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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 175,155 58,734 60,249 39,279 57.9 81.1 Feb 3, 2023 IFRS
Apr - Dec, 2023 179,189 54,963 57,325 36,614 53.9 83.3 Jan 31, 2024 IFRS
Apr - Dec, 2024 205,521 50,101 52,513 32,544 47.9 75.6 Feb 10, 2025 IFRS
YoY +14.7% -8.8% -8.4% -11.1% -11.1%

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 123,088 29,822 31,518 21,865 32.2 21 Apr 26, 2024 IFRS
Oct - Mar, 2024 Guidance 145,681 39,518 40,426 27,706 40.8 － Oct 30, 2024 IFRS
YoY +18.4% +32.5% +28.3% +26.7% +26.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 230,818 71,983 74,318 49,028 72.2 19 Apr 28, 2023 IFRS
Mar, 2024 238,883 64,381 68,840 45,271 66.7 21 Apr 26, 2024 IFRS
Mar, 2025 Guidance 270,500 68,500 69,500 45,000 66.3 － Apr 26, 2024 IFRS
YoY +13.2% +6.4% +1.0% -0.6% -0.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 63,394 20,404 20,003 13,208 19.5 32.2 Jan 31, 2024 IFRS
Jan - Mar, 2024 59,694 9,418 11,515 8,657 12.8 15.8 Apr 26, 2024 IFRS
Apr - Jun, 2024 64,209 16,899 18,784 11,248 16.6 26.3 Jul 26, 2024 IFRS
Jul - Sep, 2024 60,610 12,083 10,290 6,046 8.9 19.9 Oct 30, 2024 IFRS
Oct - Dec, 2024 80,702 21,119 23,439 15,250 22.5 26.2 Feb 10, 2025 IFRS
YoY +27.3% +3.5% +17.2% +15.5% +15.5%

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