MEIKO CONSTRUCTION CO.,LTD., First Half Ordinary Profit Revised Upward by 8%

Mon Oct 28, 2024 4:00 pm JST Revision

1869 MEIKO CONSTRUCTION CO.,LTD. 【J-GAAP】

Guidance Update Report

MEIKO CONSTRUCTION CO.,LTD. <1869> [NSE-M] announced a performance revision after the market closed on October 28th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) has been revised upward by 8.0%, from the previous forecast of 2.8 billion yen to 3.02 billion yen (compared to 2.25 billion yen in the same period of the previous year), increasing the growth rate from 24.3% to 34.2%.

Furthermore, the full-year ordinary profit forecast remains unchanged from the estimate of 5.4 billion yen(compared to 5.82 billion yen in the previous period).

Kabutan News

Guidance Update

First Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Prev	47,000M	2,600M	2,800M	1,950M	77.3	18	May 9, 2024	J-GAAP
Apr - Sep, 2024 New	40,305M	2,720M	3,023M	2,053M	81.3	18	Oct 28, 2024	J-GAAP
Revision Rate	-14.2%	+4.6%	+8.0%	+5.3%	+5.3%

Current Period Guidance

First Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	40,029M	1,984M	2,252M	1,555M	61.6	17	Nov 2, 2023	J-GAAP
Guidance Apr - Sep, 2024	40,305M	2,720M	3,023M	2,053M	81.3	18	Oct 28, 2024	J-GAAP
YoY	+0.7%	+37.1%	+34.2%	+32.0%	+32.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	84,185M	6,331M	6,704M	4,657M	184.5	34	May 11, 2023	J-GAAP
Mar, 2024	86,218M	5,370M	5,820M	4,028M	159.6	36	May 9, 2024	J-GAAP
Guidance Mar, 2025	91,500M	5,000M	5,400M	3,800M	150.5	36	May 9, 2024	J-GAAP
YoY	+6.1%	-6.9%	-7.2%	-5.7%	-5.7%