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M-mart, Feb-Oct (Cumulative 3Q) Ordinary Profit Increases by 1%

Mon Dec 16, 2024 3:30 pm JST Earnings

4380 M-mart Inc. 【J-GAAP】

Earnings Report

M-mart Inc. <4380> [TSE Growth] announced its financial results after the market closed on December 16th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending January 2025 (February to October) was 362 million yen, a 1.4% increase compared to the same period last year. However, the progress rate toward the full-year plan of 561 million yen was 64.5%, also falling below the five-year average of 69.9%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the November to January period (4Q) is expected to expand 59.2% from the same period last year, reaching 199 million yen.

In the most recent three-month period, from August to October (3Q), the ordinary profit grew 8.6% from the same period last year, reaching 139 million yen. The operating profit margin rose from 42.6% in the same period last year to 42.9%.

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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
Feb - Oct, 2022 713 232 232 157 32.1 66.3 Dec 15, 2022 J-GAAP
Feb - Oct, 2023 854 357 357 242 49.5 74.1 Dec 15, 2023 J-GAAP
Feb - Oct, 2024 949 363 362 237 48.5 64.5 Dec 16, 2024 J-GAAP
YoY +11.1% +1.7% +1.4% -2.1% -2.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2023 615 253 253 169 34.7 18 Mar 18, 2024 J-GAAP
Aug - Jan, 2024 Guidance 662 338 338 226 46.2 21 Sep 17, 2024 J-GAAP
YoY +7.6% +33.6% +33.6% +33.7% +33.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2023 986 349 350 235 48.1 13 Mar 17, 2023 J-GAAP
Jan, 2024 1,171 483 482 324 66.4 18 Mar 18, 2024 J-GAAP
Jan, 2025 Guidance 1,285 561 561 371 75.9 21 Mar 18, 2024 J-GAAP
YoY +9.7% +16.1% +16.4% +14.5% +14.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Aug - Oct, 2023 298 127 128 87 17.8 42.6 Dec 15, 2023 J-GAAP
Nov - Jan, 2023 317 126 125 82 16.8 39.7 Mar 18, 2024 J-GAAP
Feb - Apr, 2024 310 112 112 72 14.8 36.1 Jun 14, 2024 J-GAAP
May - Jul, 2024 313 111 111 73 15.0 35.5 Sep 17, 2024 J-GAAP
Aug - Oct, 2024 326 140 139 92 18.8 42.9 Dec 16, 2024 J-GAAP
YoY +9.4% +10.2% +8.6% +5.7% +5.8%

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