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Members Co. ,Ltd., First Half Net Income Loss Narrows

Thu Oct 31, 2024 3:00 pm JST Earnings

2130 Members Co. ,Ltd. 【IFRS】

Earnings Report

Members Co. ,Ltd. <2130> [TSE-P] announced its financial results (based on IFRS) after the market closed on October 31st (15:00). The consolidated net loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was a reduced loss of 321 million yen (compared to a loss of 398 million yen in the same period last year), a reduction in the deficit from the previous forecast of a loss of 400 million yen.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to decrease by 10.1% from the same period last year to 471 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a profit of profit of 16 million yen (compared to a loss of 9 million yen in the same period last year). The operating profit margin remained almost flat, changing from 0.2% in the same period last year to 0.2%.

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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 8,213 288 237 157 11.9 16.9 Oct 31, 2022 IFRS
Apr - Sep, 2023 9,616 -551 -562 -398 -30.4 ー Oct 31, 2023 IFRS
Apr - Sep, 2024 10,384 -479 -464 -321 -25.2 ー Oct 31, 2024 IFRS
YoY +8.0% +13.1% +17.4% +19.3% +17.0%

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 10,950 -550 -550 -400 -31.3 0 May 10, 2024 IFRS
Apr - Sep, 2024 Results 10,384 -479 -464 -321 -25.2 0 Oct 31, 2024 IFRS
Revision Rate -5.2% +12.9% +15.6% +19.8% +19.5%

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 10,851 597 698 524 40.4 31 May 10, 2024 IFRS
Oct - Mar, 2024 Guidance ー ー ー ー － 32 May 10, 2024 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 17,662 1,441 1,399 1,009 76.2 30 May 10, 2023 IFRS
Mar, 2024 20,467 46 136 126 9.7 31 May 10, 2024 IFRS
Mar, 2025 Guidance ー ー ー ー － 32 May 10, 2024 J-GAAP
YoY － － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 5,118 11 -14 -9 -0.7 0.2 Oct 31, 2023 IFRS
Oct - Dec, 2023 4,968 -18 29 16 1.2 -0.4 Feb 2, 2024 IFRS
Jan - Mar, 2024 5,883 615 669 508 39.2 10.5 May 10, 2024 IFRS
Apr - Jun, 2024 5,035 -492 -486 -337 -26.5 -9.8 Jul 31, 2024 IFRS
Jul - Sep, 2024 5,349 13 22 16 1.3 0.2 Oct 31, 2024 IFRS
YoY +4.5% +18.2% － － －

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