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

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%

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