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MACNICA HOLDINGS, First Half Ordinary Profit Decreases by 30%
3132 MACNICA HOLDINGS, INC. 【J-GAAP】
Earnings ReportMACNICA HOLDINGS, INC. <3132> [TSE Prime] announced its financial results in the afternoon session on October 27th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) dropped 30.2% from the same period last year to 14.7 billion yen, fell short of the previous forecast of 17.5 billion yen.
Progress toward the full-year plan of 38.5 billion yen was 38.3%, also falling below the five-year average of 49.3%.
Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand 46.6% from the same period last year, reaching 23.7 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 5.4% from the same period last year, reaching 9.64 billion yen. However, the operating profit margin worsened from 3.9% in the same period last year to 3.2%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 546,961 | 38,000 | 36,667 | 25,864 | 142.3 | 59.2 | Oct 30, 2023 | J-GAAP |
| Apr - Sep, 2024 | 518,960 | 22,377 | 21,099 | 15,243 | 84.7 | 56.5 | Oct 28, 2024 | J-GAAP |
| Apr - Sep, 2025 | 575,435 | 17,506 | 14,728 | 11,021 | 61.8 | 38.3 | Oct 27, 2025 | J-GAAP |
| YoY | +10.9% | -21.8% | -30.2% | -27.7% | -27.1% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 Guidance | 507,500 | 19,200 | 17,500 | 12,300 | 68.9 | 35 | May 7, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 575,435 | 17,506 | 14,728 | 11,021 | 61.8 | 35 | Oct 27, 2025 | J-GAAP |
| Revision Rate | +13.4% | -8.8% | -15.8% | -10.4% | -10.4% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 | 515,220 | 17,272 | 16,219 | 10,036 | 56.0 | 35 | May 7, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 474,565 | 24,494 | 23,772 | 15,979 | 89.5 | 35 | Oct 27, 2025 | J-GAAP |
| YoY | -7.9% | +41.8% | +46.6% | +59.2% | +59.9% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 1,028,718 | 63,733 | 61,966 | 48,069 | 264.9 | 66.67 | May 7, 2024 | J-GAAP |
| Mar, 2025 | 1,034,180 | 39,649 | 37,318 | 25,279 | 140.9 | 70 | May 7, 2025 | J-GAAP |
| Mar, 2026 Guidance | 1,050,000 | 42,000 | 38,500 | 27,000 | 151.2 | 70 | May 7, 2025 | J-GAAP |
| YoY | +1.5% | +5.9% | +3.2% | +6.8% | +7.3% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 262,630 | 10,330 | 9,152 | 7,213 | 40.1 | 3.9 | Oct 28, 2024 | J-GAAP |
| Oct - Dec, 2024 | 262,829 | 10,840 | 10,072 | 7,388 | 41.1 | 4.1 | Feb 3, 2025 | J-GAAP |
| Jan - Mar, 2025 | 252,391 | 6,432 | 6,147 | 2,648 | 14.8 | 2.5 | May 7, 2025 | J-GAAP |
| Apr - Jun, 2025 | 281,613 | 8,198 | 5,082 | 5,091 | 28.5 | 2.9 | Jul 28, 2025 | J-GAAP |
| Jul - Sep, 2025 | 293,822 | 9,308 | 9,646 | 5,930 | 33.2 | 3.2 | Oct 27, 2025 | J-GAAP |
| YoY | +11.9% | -9.9% | +5.4% | -17.8% | -17.1% |
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