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MCJ Co., Ltd., First Half Ordinary Profit Increases by 20%, July-September Ordinary Profit Increases by 11%

Tue Nov 5, 2024 3:30 pm JST Earnings

6670 MCJ Co., Ltd. 【J-GAAP】

Earnings Report

MCJ Co., Ltd. <6670> [TSE-S] announced its financial results after the market closed on November 5th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 19.9% from the same period last year, reaching 10.2 billion yen. The progress rate against the 18 billion yen full-year plan was 56.8%, also surpassing the five-year average of 52.6%.

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 decrease by 9.1% from the same period last year to 7.77 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 11.2% from the same period last year, reaching 4.22 billion yen. However, the operating profit margin worsened from 8.9% in the same period last year to 8.3%.

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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 95,248 7,249 7,391 5,190 52.9 53.0 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 88,440 8,582 8,528 6,227 63.4 49.9 Nov 2, 2023 J-GAAP
Apr - Sep, 2024 96,178 9,763 10,223 7,263 73.9 56.8 Nov 5, 2024 J-GAAP
YoY +8.7% +13.8% +19.9% +16.6% +16.6%

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 93,000 9,100 9,000 6,400 65.1 0 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 96,178 9,763 10,223 7,263 73.9 0 Nov 5, 2024 J-GAAP
Revision Rate +3.4% +7.3% +13.6% +13.5% +13.5%

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 99,015 8,610 8,559 5,972 60.8 57 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 100,422 8,537 7,777 5,437 55.5 40 Nov 5, 2024 J-GAAP
YoY +1.4% -0.8% -9.1% -9.0% -8.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 191,076 14,318 13,935 9,603 97.8 33 May 12, 2023 J-GAAP
Mar, 2024 187,455 17,192 17,087 12,199 124.2 57 May 14, 2024 J-GAAP
Mar, 2025 Guidance 196,600 18,300 18,000 12,700 129.7 40 May 14, 2024 J-GAAP
YoY +4.9% +6.4% +5.3% +4.1% +4.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 42,945 3,807 3,798 2,848 29.0 8.9 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 46,300 4,499 4,721 3,405 34.7 9.7 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 52,715 4,111 3,838 2,567 26.1 7.8 May 14, 2024 J-GAAP
Apr - Jun, 2024 50,464 5,987 5,999 4,303 43.8 11.9 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 45,714 3,776 4,224 2,960 30.1 8.3 Nov 5, 2024 J-GAAP
YoY +6.4% -0.8% +11.2% +3.9% +3.9%

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