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METALART CORPORATION, First Half Ordinary Profit Decreases by 12%

Fri Nov 8, 2024 2:00 pm JST Earnings

5644 METALART CORPORATION 【J-GAAP】

Earnings Report

METALART CORPORATION <5644> [TSE-S] announced its financial results in the afternoon session on November 8th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 11.9% from the same period last year to 1.59 billion yen. However, The progress rate against the 2.32 billion yen full-year plan was 68.8%, also surpassing the five-year average of 40.9%.

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 47.2% from the same period last year to 723 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.11 billion yen, a 3.7% decrease compared to the same period last year. The operating profit margin worsened from 9.4% in the same period last year to 8.9%.

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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 20,100 1,605 1,645 1,072 354.9 42.6 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 23,360 1,692 1,813 1,195 405.7 57.0 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 21,747 1,455 1,597 1,077 365.7 68.8 Nov 8, 2024 J-GAAP
YoY -6.9% -14.0% -11.9% -9.9% -9.9%

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 22,000 1,290 1,440 960 325.7 64 Aug 8, 2024 J-GAAP
Apr - Sep, 2024 Results 21,747 1,455 1,597 1,077 365.7 64 Nov 8, 2024 J-GAAP
Revision Rate -1.2% +12.8% +10.9% +12.2% +12.3%

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 21,661 1,229 1,370 924 313.6 60 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 23,653 615 723 443 151.3 64 Nov 8, 2024 J-GAAP
YoY +9.2% -50.0% -47.2% -52.1% -51.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 44,238 3,804 3,866 2,632 879.9 90 May 12, 2023 J-GAAP
Mar, 2024 45,021 2,921 3,183 2,119 719.2 118 May 9, 2024 J-GAAP
Mar, 2025 Guidance 45,400 2,070 2,320 1,520 519.3 128 May 9, 2024 J-GAAP
YoY +0.8% -29.1% -27.1% -28.3% -27.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 12,341 1,159 1,157 773 262.4 9.4 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 12,408 844 902 616 209.1 6.8 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 9,253 385 468 308 104.5 4.2 May 9, 2024 J-GAAP
Apr - Jun, 2024 10,198 430 483 344 116.9 4.2 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 11,549 1,025 1,114 733 248.9 8.9 Nov 8, 2024 J-GAAP
YoY -6.4% -11.6% -3.7% -5.2% -5.2%

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