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MIRAIT ONE Corporation, First Half Ordinary Profit Increases by 55%, July-September Ordinary Profit Increases by 46%

Wed Nov 13, 2024 3:30 pm JST Earnings

1417 MIRAIT ONE Corporation 【J-GAAP】

Earnings Report

MIRAIT ONE Corporation <1417> [TSE-P] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 4.89 billion yen, an increase of 54.9% compared to the same period last year. However, The progress rate against the 28 billion yen full-year plan was 17.5%, also falling below the five-year average of 21.2%.

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 by 48.8% from the same period last year, reaching 23.1 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 45.8% from the same period last year, reaching 2.4 billion yen. The operating profit margin improved from 1.3% in the same period last year to 2.4%.

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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
Apr - Sep, 2022 202,085 899 1,444 416 4.2 6.5 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 216,640 2,364 3,158 191 2.0 16.9 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 249,905 4,680 4,892 1,418 15.6 17.5 Nov 13, 2024 J-GAAP
YoY +15.4% +98.0% +54.9% +642.4% +674.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － 35 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 249,905 4,680 4,892 1,418 15.6 35 Nov 13, 2024 J-GAAP
Revision Rate － － － － －

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 301,744 15,466 15,532 12,344 131.3 35 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 320,095 22,320 23,108 16,582 184.8 40 Nov 13, 2024 J-GAAP
YoY +6.1% +44.3% +48.8% +34.3% +40.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 483,987 21,803 22,384 14,781 151.2 60 May 15, 2023 J-GAAP
Mar, 2024 518,384 17,830 18,690 12,535 133.3 65 May 13, 2024 J-GAAP
Mar, 2025 Guidance 570,000 27,000 28,000 18,000 200.6 75 May 13, 2024 J-GAAP
YoY +10.0% +51.4% +49.8% +43.6% +50.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 116,116 1,475 1,647 771 8.1 1.3 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 127,222 2,603 2,664 754 8.0 2.0 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 174,522 12,863 12,868 11,590 123.3 7.4 May 13, 2024 J-GAAP
Apr - Jun, 2024 117,338 1,493 2,490 744 8.1 1.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 132,567 3,187 2,402 674 7.4 2.4 Nov 13, 2024 J-GAAP
YoY +14.2% +116.1% +45.8% -12.6% -8.8%

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