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MARUTAI CO.,LTD., First Half Ordinary Profit Increases by 2.2 times, July-September Ordinary Profit Increases by 54%

Thu Nov 7, 2024 3:00 pm JST Earnings

2919 MARUTAI CO.,LTD. 【J-GAAP】

Earnings Report

MARUTAI CO.,LTD. <2919> [FukuokaSE] announced its financial results in the afternoon session on November 7th (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.2 times that of the same period last year, reaching 345 million yen. The progress rate against the 420 million yen full-year plan was 82.1%, also surpassing the five-year average of 52.1%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to significant drop by 71.6% from the same period last year to 75 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit increased by 53.8% from the same period last year, reaching 163 million yen. The operating profit margin significantly improved from 3.6% in the same period last year to 6.6%.

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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 4,094 228 248 166 86.9 71.1 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 4,431 114 155 103 54.0 37.0 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 4,684 317 345 233 122.5 82.1 Nov 7, 2024 J-GAAP
YoY +5.7% +178.1% +122.6% +126.2% +126.9%

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 9, 2024 J-GAAP
Apr - Sep, 2024 Results 4,684 317 345 233 122.5 0 Nov 7, 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 4,513 243 264 179 93.7 50 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 4,316 43 75 57 29.8 50 Nov 7, 2024 J-GAAP
YoY -4.4% -82.3% -71.6% -68.2% -68.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 8,332 300 349 228 119.6 50 May 10, 2023 J-GAAP
Mar, 2024 8,944 357 419 282 147.6 50 May 9, 2024 J-GAAP
Mar, 2025 Guidance 9,000 360 420 290 151.8 50 May 9, 2024 J-GAAP
YoY +0.6% +0.8% +0.2% +2.8% +2.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,170 78 106 70 36.7 3.6 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 2,415 222 235 160 83.7 9.2 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 2,098 21 29 19 10.0 1.0 May 9, 2024 J-GAAP
Apr - Jun, 2024 2,421 167 182 124 65.1 6.9 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 2,263 150 163 109 57.3 6.6 Nov 7, 2024 J-GAAP
YoY +4.3% +92.3% +53.8% +55.7% +56.2%

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