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Maezawa Industries, Sep-Nov (2Q) Ordinary Profit Decreases by 27%

Fri Jan 10, 2025 3:00 pm JST Earnings

6489 Maezawa Industries,Inc. 【J-GAAP】

Earnings Report

Maezawa Industries,Inc. <6489> [TSE Std] announced its financial results in the afternoon session on January 10th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending May 2025 (June to November) increased 23.5% from the same period last year, reaching 0.55 billion yen. However, the progress rate toward the full-year plan of 4.5 billion yen was 12.4%, almost the same as the five-year average of 11.5%.

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 December to May period (2H) is expected to decrease 13.2% from the same period last year to 3.94 billion yen.

In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit decreased to 0.63 billion yen, a 27.1% decrease compared to the same period last year. The operating profit margin decreased from 10.6% in the same period last year to 7.6%.

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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
Jun - Nov, 2022 12,019 186 238 467 25.8 7.1 Jan 13, 2023 J-GAAP
Jun - Nov, 2023 12,446 390 452 283 15.7 9.1 Jan 12, 2024 J-GAAP
Jun - Nov, 2024 13,982 499 558 334 18.9 12.4 Jan 10, 2025 J-GAAP
YoY +12.3% +27.9% +23.5% +18.0% +20.8%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2024 Guidance ー ー ー ー － 18 Jul 11, 2024 J-GAAP
Jun - Nov, 2024 Results 13,982 499 558 334 18.9 18 Jan 10, 2025 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
Dec - May, 2023 24,065 4,485 4,541 3,248 180.9 22 Jul 11, 2024 J-GAAP
Dec - May, 2024 Guidance 23,518 3,901 3,942 2,566 145.8 18 Jan 10, 2025 J-GAAP
YoY -2.3% -13.0% -13.2% -21.0% -19.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2023 32,369 3,226 3,345 2,630 145.0 28 Jul 14, 2023 J-GAAP
May, 2024 36,511 4,875 4,993 3,531 196.7 36 Jul 11, 2024 J-GAAP
May, 2025 Guidance 37,500 4,400 4,500 2,900 164.8 36 Jul 11, 2024 J-GAAP
YoY +2.7% -9.7% -9.9% -17.9% -16.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 8,177 866 868 576 31.9 10.6 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 11,027 2,421 2,475 1,674 93.0 22.0 Apr 12, 2024 J-GAAP
Mar - May, 2024 13,038 2,064 2,066 1,574 87.7 15.8 Jul 11, 2024 J-GAAP
Jun - Aug, 2024 5,615 -134 -75 -46 -2.6 -2.4 Oct 15, 2024 J-GAAP
Sep - Nov, 2024 8,367 633 633 380 21.5 7.6 Jan 10, 2025 J-GAAP
YoY +2.3% -26.9% -27.1% -34.0% -32.5%

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