MARUHACHI HOLDINGS, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 15%, Exceeds Full-Year Plan

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Wed Feb 12, 2025 4:00 pm JST Earnings

3504 MARUHACHI HOLDINGS CO., LTD. 【J-GAAP】

Earnings Report

MARUHACHI HOLDINGS CO., LTD. <3504> [NSE Main] announced its financial results after the market closed on February 12th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 14.8% from the same period last year to 2.73 billion yen. However, the progress rate toward the full-year plan of 2.56 billion yen is 106.5%, already exceeding the target and also exceeding the five-year average of 99.2%.

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/loss for the January to March period (4Q) is expected to turn into a loss of 0.16 billion yen (compared to a profit of 0.22 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 70.6% from the same period last year, reaching 1.47 billion yen. The operating profit margin rose from 17.0% in the same period last year to 17.7%.

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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	9,434	1,388	3,155	2,683	173.2	98.8	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	9,315	1,513	3,205	2,049	132.2	93.6	Feb 13, 2024	J-GAAP
Apr - Dec, 2024	9,315	1,317	2,730	2,362	152.4	106.5	Feb 12, 2025	J-GAAP
YoY	0.0%	-13.0%	-14.8%	+15.3%	+15.3%

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	5,793	476	1,087	867	56.0	30	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	5,725	571	1,313	898	57.9	30	Nov 13, 2024	J-GAAP
YoY	-1.2%	+20.0%	+20.8%	+3.6%	+3.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	12,105	1,515	3,192	2,968	191.6	30	May 12, 2023	J-GAAP
Mar, 2024	11,829	1,433	3,425	2,327	150.2	30	May 14, 2024	J-GAAP
Mar, 2025 Guidance	11,658	1,288	2,564	2,108	136.0	30	May 14, 2024	J-GAAP
YoY	-1.4%	-10.1%	-25.1%	-9.4%	-9.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	3,279	556	867	589	38.0	17.0	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	2,514	-80	220	278	17.9	-3.2	May 14, 2024	J-GAAP
Apr - Jun, 2024	3,132	405	1,744	1,824	117.8	12.9	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	2,801	312	-493	-614	-39.7	11.1	Nov 13, 2024	J-GAAP
Oct - Dec, 2024	3,382	600	1,479	1,152	74.4	17.7	Feb 12, 2025	J-GAAP
YoY	+3.1%	+7.9%	+70.6%	+95.6%	+95.6%