Meiwa Estate Company, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 16 times, Oct-Dec Ordinary Profit Turns to Profit

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Mon Feb 10, 2025 3:30 pm JST Earnings

8869 Meiwa Estate Company Limited 【J-GAAP】

Earnings Report

Meiwa Estate Company Limited <8869> [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) surged 16 times that of the same period last year, reaching 2.93 billion yen. The progress rate toward the full-year plan of 3.6 billion yen was 81.4%, also surpassing the five-year average of 54.8%.

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 82.4% from the same period last year to 0.66 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a profit of 0.76 billion yen (compared to a loss of 1 billion yen in the same period last year). The operating profit/loss margin drastically improved from -10.3% in the same period last year to 5.6%.

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	28,128	403	-535	-440	-18.8	ー	Feb 13, 2023	J-GAAP
Apr - Dec, 2023	37,489	953	181	208	8.9	4.5	Feb 13, 2024	J-GAAP
Apr - Dec, 2024	58,259	4,013	2,931	2,202	93.9	81.4	Feb 10, 2025	J-GAAP
YoY	+55.4%	+321.1%	+1,519.3%	+958.7%	+954.0%

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	41,202	3,250	2,802	1,671	71.3	40	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	44,175	1,996	1,438	856	36.5	40	Nov 11, 2024	J-GAAP
YoY	+7.2%	-38.6%	-48.7%	-48.8%	-48.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	62,319	5,941	4,989	4,415	188.3	45	May 11, 2023	J-GAAP
Mar, 2024	71,250	4,973	3,990	2,781	118.6	40	May 13, 2024	J-GAAP
Mar, 2025 Guidance	79,000	4,700	3,600	2,500	106.6	40	May 13, 2024	J-GAAP
YoY	+10.9%	-5.5%	-9.8%	-10.1%	-10.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	7,441	-770	-1,007	-902	-38.6	-10.3	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	33,761	4,020	3,809	2,573	109.8	11.9	May 13, 2024	J-GAAP
Apr - Jun, 2024	21,252	2,120	1,885	1,573	67.1	10.0	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	13,573	584	277	71	3.0	4.3	Nov 11, 2024	J-GAAP
Oct - Dec, 2024	23,434	1,309	769	558	23.8	5.6	Feb 10, 2025	J-GAAP
YoY	+214.9%	－	－	－	－