kabutan

MORY INDUSTRIES INC., First Half Ordinary Profit Decreases by 10%

Thu Oct 31, 2024 1:30 pm JST Earnings

5464 MORY INDUSTRIES INC. 【J-GAAP】

Earnings Report

MORY INDUSTRIES INC. <5464> [TSE-S] announced its financial results in the afternoon session on October 31st (13:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 10.2% from the same period last year to 2.95 billion yen. However, The progress rate against the 5 billion yen full-year plan was 59.1%, also surpassing the five-year average of 47.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to drop by 34.1% from the same period last year to 2.04 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.39 billion yen, a 10.6% decrease compared to the same period last year. The operating profit margin decreased from 12.5% in the same period last year to 12.3%.

Kabutan News

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 24,011 3,389 3,746 2,614 67.3 52.2 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 23,936 2,973 3,292 2,382 61.4 51.5 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 22,829 2,810 2,957 2,079 53.6 59.1 Oct 31, 2024 J-GAAP
YoY -4.6% -5.5% -10.2% -12.7% -12.6%

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 22,000 2,400 2,500 1,700 43.8 16 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 22,829 2,810 2,957 2,079 53.6 16 Oct 31, 2024 J-GAAP
Revision Rate +3.8% +17.1% +18.3% +22.3% +22.4%

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 23,962 2,923 3,101 2,137 55.1 30 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 22,171 1,890 2,043 1,421 37.4 20 Oct 31, 2024 J-GAAP
YoY -7.5% -35.3% -34.1% -33.5% -32.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 48,712 6,734 7,177 5,290 136.3 36 May 10, 2023 J-GAAP
Mar, 2024 47,898 5,896 6,393 4,519 116.4 46 May 10, 2024 J-GAAP
Mar, 2025 Guidance 45,000 4,700 5,000 3,500 92.2 36 May 10, 2024 J-GAAP
YoY -6.1% -20.3% -21.8% -22.5% -20.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 11,883 1,484 1,557 1,155 29.8 12.5 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 12,434 1,627 1,668 1,162 29.9 13.1 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 11,528 1,296 1,433 975 25.1 11.2 May 10, 2024 J-GAAP
Apr - Jun, 2024 11,446 1,410 1,565 1,086 28.0 12.3 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 11,383 1,400 1,392 993 25.6 12.3 Oct 31, 2024 J-GAAP
YoY -4.2% -5.7% -10.6% -14.0% -13.9%

Related Articles