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Miyakoshi Holdings, Inc., First Half Ordinary Profit Decreases by 24%, July-September Ordinary Profit Decreases by 48%

Fri Nov 8, 2024 2:00 pm JST Earnings

6620 Miyakoshi Holdings, Inc. 【J-GAAP】

Earnings Report

Miyakoshi Holdings, Inc. <6620> [TSE-P] 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 23.8% from the same period last year to 320 million yen. However, The progress rate against the 540 million yen full-year plan was 59.3%, also surpassing the five-year average of 50.8%.

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 37.0% from the same period last year to 220 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 113 million yen, a 48.2% decrease compared to the same period last year. The operating profit margin decreased from 46.2% in the same period last year to 37.9%.

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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 666 232 467 273 6.8 59.9 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 565 229 420 282 7.1 54.6 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 570 201 320 204 5.1 59.3 Nov 8, 2024 J-GAAP
YoY +0.9% -12.2% -23.8% -27.7% -27.8%

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 ー ー ー ー － 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 570 201 320 204 5.1 0 Nov 8, 2024 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
Oct - Mar, 2023 572 192 349 254 6.4 0 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 420 59 220 156 3.9 0 Nov 8, 2024 J-GAAP
YoY -26.6% -69.3% -37.0% -38.6% -38.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 1,319 466 779 501 12.5 0 May 12, 2023 J-GAAP
Mar, 2024 1,137 421 769 536 13.4 0 May 10, 2024 J-GAAP
Mar, 2025 Guidance 990 260 540 360 9.0 0 May 10, 2024 J-GAAP
YoY -12.9% -38.2% -29.8% -32.8% -32.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 288 133 218 145 3.6 46.2 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 290 121 167 106 2.7 41.7 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 282 71 182 148 3.7 25.2 May 10, 2024 J-GAAP
Apr - Jun, 2024 277 90 207 143 3.6 32.5 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 293 111 113 61 1.5 37.9 Nov 8, 2024 J-GAAP
YoY +1.7% -16.5% -48.2% -57.9% -57.9%

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