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MIDAC HOLDINGS, The Current Fiscal Year Ordinary Profit Revised Upward by 11%, Raises Record High Profit Forecast, Dividend Revised Upward by 4 yen

Fri Feb 14, 2025 3:30 pm JST Earnings

6564 MIDAC HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

MIDAC HOLDINGS CO.,LTD. <6564> [TSE Prime] announced its financial results after the market closed on February 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 3.2 billion yen, an increase 33.6% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 11.4%, from the previous forecast of 3.88 billion yen to 4.32 billion yen (compared to 3.37 billion yen in the previous period), increasing the growth rate from 14.9% to 28.0%, further surpassing the previous forecast of record-high profits for ten consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 21.9%, from the previous forecast of 2.02 billion yen to 2.46 billion yen (compared to 2.05 billion yen in the same period of the previous year), turning to a 19.9% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has significantly increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 10 yen to 14 yen (compared to 8 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 25.1% from the same period last year, reaching 1.34 billion yen. The operating profit margin rose from 40.6% in the same period last year to 46.7%.

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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 5,757 1,939 1,894 1,144 41.5 70.4 Feb 14, 2023 J-GAAP
Apr - Dec, 2023 6,895 2,451 2,399 1,251 45.3 71.0 Feb 14, 2024 J-GAAP
Apr - Dec, 2024 8,083 3,282 3,206 2,040 73.8 74.2 Feb 14, 2025 J-GAAP
YoY +17.2% +33.9% +33.6% +63.1% +62.9%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 5,244 1,938 2,022 1,305 47.2 10 Nov 14, 2024 J-GAAP
Oct - Mar, 2024 New 5,543 2,504 2,464 1,598 57.8 14 Feb 14, 2025 J-GAAP
Revision Rate +5.7% +29.2% +21.9% +22.5% +22.4%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 10,391 3,849 3,881 2,484 89.8 10 May 15, 2024 J-GAAP
Mar, 2025 New 10,690 4,415 4,323 2,777 100.4 14 Feb 14, 2025 J-GAAP
Revision Rate +2.9% +14.7% +11.4% +11.8% +11.8%

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 5,353 2,183 2,055 1,154 41.8 8 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 5,543 2,504 2,464 1,598 57.8 14 Feb 14, 2025 J-GAAP
YoY +3.5% +14.7% +19.9% +38.5% +38.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 7,771 2,755 2,692 1,685 61.1 5 May 12, 2023 J-GAAP
Mar, 2024 9,547 3,538 3,377 1,907 69.0 8 May 15, 2024 J-GAAP
Mar, 2025 Guidance 10,690 4,415 4,323 2,777 100.4 14 Feb 14, 2025 J-GAAP
YoY +12.0% +24.8% +28.0% +45.6% +45.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 2,701 1,096 1,077 498 18.0 40.6 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 2,652 1,087 978 656 23.7 41.0 May 15, 2024 J-GAAP
Apr - Jun, 2024 2,669 1,162 1,141 724 26.2 43.5 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 2,478 749 718 455 16.5 30.2 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 2,936 1,371 1,347 861 31.1 46.7 Feb 14, 2025 J-GAAP
YoY +8.7% +25.1% +25.1% +72.9% +72.7%

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