MIRARTH, Oct-Dec (3Q) Ordinary Profit Loss Widens

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Mon Feb 10, 2025 5:00 pm JST Earnings

8897 MIRARTH HOLDINGS,Inc. 【J-GAAP】

Earnings Report

MIRARTH HOLDINGS,Inc. <8897> [TSE Prime] announced its financial results after the market closed on February 10th (17:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) surged 4.4 times that of the same period last year, reaching 1.06 billion yen. However, the progress rate toward the full-year plan of 16 billion yen was 6.6%, also falling below the five-year average of 33.6%.

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 grow 17.2% from the same period last year, reaching 14.9 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary loss expanded to a loss of 2.47 billion yen (compared to a loss of 1.13 billion yen in the same period last year). The operating profit/loss margin drastically worsened from -0.1% in the same period last year to -8.6%.

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	95,081	2,205	1,179	1,804	16.5	23.4	Feb 6, 2023	J-GAAP
Apr - Dec, 2023	93,279	2,335	243	-1,461	-13.3	1.9	Jan 29, 2024	J-GAAP
Apr - Dec, 2024	110,332	2,508	1,063	81	0.6	6.6	Feb 10, 2025	J-GAAP
YoY	+18.3%	+7.4%	+337.4%	－	－

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	126,015	13,087	11,602	8,091	73.6	18	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	119,337	12,420	12,463	8,623	63.5	23	Nov 11, 2024	J-GAAP
YoY	-5.3%	-5.1%	+7.4%	+6.6%	-13.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	153,472	7,030	5,033	4,584	41.9	22	May 15, 2023	J-GAAP
Mar, 2024	185,194	15,457	12,984	8,178	74.4	24	May 13, 2024	J-GAAP
Mar, 2025 Guidance	205,700	17,000	16,000	10,700	78.8	30	May 13, 2024	J-GAAP
YoY	+11.1%	+10.0%	+23.2%	+30.8%	+6.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	34,100	-35	-1,139	-1,548	-14.1	-0.1	Jan 29, 2024	J-GAAP
Jan - Mar, 2024	91,915	13,122	12,741	9,639	87.7	14.3	May 13, 2024	J-GAAP
Apr - Jun, 2024	38,865	1,531	1,207	591	5.1	3.9	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	47,498	3,049	2,330	1,486	11.8	6.4	Nov 11, 2024	J-GAAP
Oct - Dec, 2024	23,969	-2,072	-2,474	-1,996	-15.5	-8.6	Feb 10, 2025	J-GAAP
YoY	-29.7%	-5,820.0%	-117.2%	-28.9%	-10.1%