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MANDARAKE INC., 4% Increase in Ordinary Profit, Update Record High for Third Consecutive Term

Thu Nov 14, 2024 3:45 pm JST Earnings

2652 MANDARAKE INC. 【J-GAAP】

Earnings Report

MANDARAKE INC. <2652> [TSE-S] announced its financial results after the market closed on November 14th (15:45). The ordinary profit (non-consolidated) for the fiscal year ending September 2024 increased by 11.0% from the previous period to 2.05 billion yen. For the fiscal year ending September 2025, the profit is expected to grow by 3.6% to 2.13 billion yen, marking the third consecutive term of record-high profits. This will be the fifth consecutive term of revenue and profit growth.

In the most recent three-month period, from July to September (4Q), the ordinary profit decreased to 356 million yen, a 10.3% decrease compared to the same period last year. The operating profit margin decreased from 12.1% in the same period last year to 9.9%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2022 10,588 934 906 587 17.7 0.20 Nov 14, 2022 J-GAAP
Sep, 2023 12,839 1,874 1,852 1,248 37.7 0.20 Nov 14, 2023 J-GAAP
Sep, 2024 14,455 2,078 2,055 1,376 41.8 1 Nov 14, 2024 J-GAAP
YoY +12.6% +10.9% +11.0% +10.3% +10.8%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2024 Guidance 13,481 2,011 1,986 1,338 40.7 1 Mar 29, 2024 J-GAAP
Sep, 2024 Results 14,455 2,078 2,055 1,376 41.8 1 Nov 14, 2024 J-GAAP
Revision Rate +7.2% +3.3% +3.5% +2.8% +2.6%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 7,225 1,197 1,183 800 24.2 0 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 7,502 1,242 1,228 830 25.3 0 Nov 14, 2024 J-GAAP
YoY +3.8% +3.8% +3.8% +3.8% +4.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 12,839 1,874 1,852 1,248 37.7 0.20 Nov 14, 2023 J-GAAP
Sep, 2024 14,455 2,078 2,055 1,376 41.8 1 Nov 14, 2024 J-GAAP
Sep, 2025 Guidance 15,007 2,157 2,130 1,500 46.3 1 Nov 14, 2024 J-GAAP
YoY +3.8% +3.8% +3.6% +9.0% +10.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,314 402 397 268 8.1 12.1 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 3,546 571 565 380 11.5 16.1 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 3,679 626 618 420 12.7 17.0 May 15, 2024 J-GAAP
Apr - Jun, 2024 3,620 522 516 350 10.6 14.4 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 3,610 359 356 226 6.9 9.9 Nov 14, 2024 J-GAAP
YoY +8.9% -10.7% -10.3% -15.7% -15.2%

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