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Meiji Shipping, 77% Decrease in Ordinary Profit for The Current Fiscal Year

Thu May 15, 2025 1:00 pm JST Earnings

9115 Meiji Shipping Group Co., Ltd. 【J-GAAP】

Earnings Report

Meiji Shipping Group Co., Ltd. <9115> [TSE Std] announced its financial results in the afternoon session on May 15th (13:00). The consolidated ordinary profit for the fiscal year ending March 2025 expanded 56.5% from the previous period to 9.13 billion yen. However, for the fiscal year ending March 2026 is also bleak, with an expected significant drop by 77.0% from the previous period to 2.1 billion yen.

At the same time, the company has left the annual dividend for the current term undetermined.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit surged 2.1 times that of the same period last year, reaching 3.45 billion yen. However, the operating profit margin decreased from 14.0% in the same period last year to 13.8%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 58,061 8,764 6,443 6,439 190.2 5 May 12, 2023 J-GAAP
Mar, 2024 65,018 11,398 5,836 5,189 153.5 5 May 15, 2024 J-GAAP
Mar, 2025 67,544 11,014 9,131 2,812 83.1 5 May 15, 2025 J-GAAP
YoY +3.9% -3.4% +56.5% -45.8% -45.9%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Guidance 67,600 11,000 8,500 3,100 91.4 5 Feb 28, 2025 J-GAAP
Mar, 2025 Results 67,544 11,014 9,131 2,812 83.1 5 May 15, 2025 J-GAAP
Revision Rate -0.1% +0.1% +7.4% -9.3% -9.0%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 32,899 5,465 2,077 775 23.0 － Oct 31, 2024 J-GAAP
Apr - Sep, 2025 Guidance 29,100 1,600 900 3,400 100.2 － May 15, 2025 J-GAAP
YoY -11.5% -70.7% -56.7% +338.7% +336.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 65,018 11,398 5,836 5,189 153.5 5 May 15, 2024 J-GAAP
Mar, 2025 67,544 11,014 9,131 2,812 83.1 5 May 15, 2025 J-GAAP
Mar, 2026 Guidance 57,200 3,000 2,100 4,400 129.7 － May 15, 2025 J-GAAP
YoY -15.3% -72.8% -77.0% +56.5% +56.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 14,609 2,045 1,685 2,070 61.3 14.0 May 15, 2024 J-GAAP
Apr - Jun, 2024 15,969 3,050 1,745 906 26.9 19.1 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 16,930 2,415 332 -131 -3.9 14.3 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 15,566 2,907 3,597 554 16.4 18.7 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 19,079 2,642 3,457 1,483 43.8 13.8 May 15, 2025 J-GAAP
YoY +30.6% +29.2% +105.2% -28.4% -28.4%

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