MORIYA CORPORATION, First Half Ordinary Profit Decreases by 21%

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Thu Oct 31, 2024 3:00 pm JST Earnings

1798 MORIYA CORPORATION 【J-GAAP】

Earnings Report

MORIYA CORPORATION <1798> [TSE-S] announced its financial results after the market closed on October 31st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 21.4% from the same period last year to 919 million yen. However, The progress rate against the 1.05 billion yen full-year plan was 87.5%, also surpassing the five-year average of 50.1%.

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 significant drop by 88.1% from the same period last year to 131 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 519 million yen, a 39.2% decrease compared to the same period last year. The operating profit margin drastically worsened from 8.3% in the same period last year to 4.2%.

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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	16,874	500	574	441	201.2	44.2	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	20,372	1,139	1,169	844	385.2	51.4	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	21,580	860	919	601	276.3	87.5	Oct 31, 2024	J-GAAP
YoY	+5.9%	-24.5%	-21.4%	-28.8%	-28.3%

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	－	0	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	21,580	860	919	601	276.3	0	Oct 31, 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	22,972	1,084	1,104	762	347.6	80	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	21,420	190	131	99	45.5	80	Oct 31, 2024	J-GAAP
YoY	-6.8%	-82.5%	-88.1%	-87.0%	-86.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	38,975	1,201	1,299	900	410.7	70	May 12, 2023	J-GAAP
Mar, 2024	43,344	2,223	2,273	1,606	732.5	80	May 13, 2024	J-GAAP
Mar, 2025 Guidance	43,000	1,050	1,050	700	321.6	80	May 13, 2024	J-GAAP
YoY	-0.8%	-52.8%	-53.8%	-56.4%	-56.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	10,212	850	854	584	266.5	8.3	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	10,953	401	416	285	130.0	3.7	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	12,019	683	688	477	217.6	5.7	May 13, 2024	J-GAAP
Apr - Jun, 2024	9,869	364	400	249	114.8	3.7	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	11,711	496	519	352	161.8	4.2	Oct 31, 2024	J-GAAP
YoY	+14.7%	-41.6%	-39.2%	-39.7%	-39.3%