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Medical Ikkou, Sep-Nov (3Q) Ordinary Profit Decreases by 14%

Fri Jan 10, 2025 3:30 pm JST Earnings

3353 Medical Ikkou Group Co.,Ltd. 【J-GAAP】

Earnings Report

Medical Ikkou Group Co.,Ltd <3353> [TSE Std] announced its financial results after the market closed on January 10th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) increased 7.2% from the same period last year, reaching 1.27 billion yen. However, the progress rate toward the full-year plan of 1.8 billion yen was 70.9%, almost the same as the five-year average of 72.8%.

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 December to February period (4Q) is expected to decrease 6.6% from the same period last year to 0.52 billion yen.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit decreased to 0.42 billion yen, a 14.4% decrease compared to the same period last year. The operating profit margin worsened from 4.2% in the same period last year to 3.0%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Mar - Nov, 2022 25,427 705 888 597 159.0 72.4 Jan 10, 2023 J-GAAP
Mar - Nov, 2023 28,769 1,078 1,190 812 216.2 68.0 Jan 10, 2024 J-GAAP
Mar - Nov, 2024 35,090 1,203 1,276 999 265.8 70.9 Jan 10, 2025 J-GAAP
YoY +22.0% +11.6% +7.2% +23.0% +22.9%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 22,450 956 1,055 595 158.5 25 Apr 5, 2024 J-GAAP
Sep - Feb, 2024 Guidance 23,595 972 947 501 133.2 25 Oct 7, 2024 J-GAAP
YoY +5.1% +1.7% -10.2% -15.8% -16.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 33,897 935 1,227 759 202.2 40 Apr 7, 2023 J-GAAP
Feb, 2024 39,900 1,559 1,751 1,039 276.7 45 Apr 5, 2024 J-GAAP
Feb, 2025 Guidance 46,260 1,800 1,800 1,210 321.7 50 Apr 5, 2024 J-GAAP
YoY +15.9% +15.5% +2.8% +16.5% +16.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 11,319 475 494 368 98.0 4.2 Jan 10, 2024 J-GAAP
Dec - Feb, 2023 11,131 481 561 227 60.5 4.3 Apr 5, 2024 J-GAAP
Mar - May, 2024 11,183 429 430 429 114.2 3.8 Jul 8, 2024 J-GAAP
Jun - Aug, 2024 11,482 399 423 280 74.5 3.5 Oct 7, 2024 J-GAAP
Sep - Nov, 2024 12,425 375 423 290 77.2 3.0 Jan 10, 2025 J-GAAP
YoY +9.8% -21.1% -14.4% -21.2% -21.3%

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