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Mammy Mart, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 3% Increase, Raises Record High Profit, Dividend Revised Upward by 5 yen

Fri May 9, 2025 11:20 am JST Earnings

9823 Mammy Mart Holdings Corporation 【J-GAAP】

Earnings Report

Mammy Mart Corporation <9823> [TSE Std] announced its financial results in the morning on May 9th (11:20). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending September 2025 (October 2024 to March 2025) was 4.53 billion yen, a 2.2% increase compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 6.7%, from the previous forecast of 6.7 billion yen to 7.15 billion yen (compared to 6.95 billion yen in the previous period), record profits reach three consecutive terms, turning to a 2.8% increase in the consolidated ordinary profit outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the April to September period (2H) is expected to grow 3.9% from the same period last year, reaching 2.61 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 95 yen to 100 yen (compared to 95 yen in the previous period).

In the most recent three-month period, from January to March (2Q), the consolidated ordinary profit grew 10.1% from the same period last year, reaching 2.34 billion yen. However, the operating profit margin worsened from 5.2% in the same period last year to 4.8%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Oct - Mar, 2022 70,496 2,828 3,088 1,859 34.9 48.3 May 12, 2023 J-GAAP
Oct - Mar, 2023 79,107 4,146 4,440 3,009 60.2 63.8 May 10, 2024 J-GAAP
Oct - Mar, 2024 93,418 4,322 4,538 3,073 61.5 63.5 May 9, 2025 J-GAAP
YoY +18.1% +4.2% +2.2% +2.1% +2.0%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Guidance ー ー ー ー － 8 Nov 12, 2024 J-GAAP
Oct - Mar, 2024 Results 93,418 4,322 4,538 3,073 61.5 8.40 May 9, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2025 Prev 185,000 6,250 6,700 4,750 95.0 19 Nov 12, 2024 J-GAAP
Sep, 2025 New 190,000 6,700 7,150 5,000 100.0 20 May 9, 2025 J-GAAP
Revision Rate +2.7% +7.2% +6.7% +5.3% +5.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 81,634 2,288 2,514 1,724 34.5 11 Nov 12, 2024 J-GAAP
Apr - Sep, 2025 Guidance 96,582 2,378 2,612 1,927 38.5 11.60 May 9, 2025 J-GAAP
YoY +18.3% +3.9% +3.9% +11.8% +11.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 145,041 5,901 6,390 4,313 82.3 16.60 Nov 10, 2023 J-GAAP
Sep, 2024 160,741 6,434 6,954 4,733 94.7 19 Nov 12, 2024 J-GAAP
Sep, 2025 Guidance 190,000 6,700 7,150 5,000 100.0 20 May 9, 2025 J-GAAP
YoY +18.2% +4.1% +2.8% +5.6% +5.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 39,050 2,014 2,132 1,444 28.9 5.2 May 10, 2024 J-GAAP
Apr - Jun, 2024 40,066 1,389 1,535 1,020 20.4 3.5 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 41,568 899 979 704 14.1 2.2 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 46,124 2,070 2,191 1,486 29.7 4.5 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 47,294 2,252 2,347 1,587 31.7 4.8 May 9, 2025 J-GAAP
YoY +21.1% +11.8% +10.1% +9.9% +9.8%

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