MEIKO CONSTRUCTION, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 7%

Fri Jan 31, 2025 4:10 pm JST Earnings

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

Earnings Report

MEIKO CONSTRUCTION CO.,LTD. <1869> [NSE Main] announced its financial results after the market closed on January 31st (16:10). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 7.4% from the same period last year, reaching 4.68 billion yen. The progress rate toward the full-year plan of 5.4 billion yen was 86.8%, also surpassing the five-year average of 72.0%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to significant drop 51.1% from the same period last year to 0.71 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 1.66 billion yen, a 21.2% decrease compared to the same period last year. The operating profit margin worsened from 8.3% in the same period last year to 6.0%.

Kabutan News

Actual Performance and Financial Trends

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	59,744M	4,403M	4,776M	3,314M	131.3	71.2%	Jan 27, 2023	J-GAAP
Apr - Dec, 2023	63,756M	3,962M	4,365M	2,981M	118.1	75.0%	Jan 29, 2024	J-GAAP
Apr - Dec, 2024	64,974M	4,191M	4,688M	3,188M	126.3	86.8%	Jan 31, 2025	J-GAAP
YoY	+1.9%	+5.8%	+7.4%	+6.9%	+6.9%

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	46,189M	3,386M	3,568M	2,473M	98.0	19	May 9, 2024	J-GAAP
Guidance Oct - Mar, 2024	51,195M	2,280M	2,377M	1,747M	69.2	18	Oct 28, 2024	J-GAAP
YoY	+10.8%	-32.7%	-33.4%	-29.4%	-29.4%

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%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	23,727M	1,978M	2,113M	1,426M	56.5	8.3%	Jan 29, 2024	J-GAAP
Jan - Mar, 2024	22,462M	1,408M	1,455M	1,047M	41.5	6.3%	May 9, 2024	J-GAAP
Apr - Jun, 2024	18,374M	426M	718M	469M	18.6	2.3%	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	21,931M	2,294M	2,305M	1,584M	62.8	10.5%	Oct 30, 2024	J-GAAP
Oct - Dec, 2024	24,669M	1,471M	1,665M	1,135M	45.0	6.0%	Jan 31, 2025	J-GAAP
YoY	+4.0%	-25.6%	-21.2%	-20.4%	-20.4%