MELCO HOLDINGS, The Current Fiscal Year Ordinary Profit Revised Upward by 58%

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Wed Feb 12, 2025 3:40 pm JST Earnings

6676 BUFFALO INC. 【J-GAAP】

Earnings Report

MELCO HOLDINGS INC. <6676> [TSE Std] announced its financial results after the market closed on February 12th (15:40). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) surged 2.2 times that of the same period last year, reaching 6.74 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 57.7%, from the previous forecast of 5.2 billion yen to 8.2 billion yen (compared to 2.57 billion yen in the previous period), increasing the growth rate from 2.0 times to 3.2 times.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 2.5 times, from the previous forecast of 1.99 billion yen to 4.99 billion yen (compared to 0.92 billion yen in the same period of the previous year), increasing the growth rate from 2.2 times to 5.4 times.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.6 times that of the same period last year, reaching 3.54 billion yen. The operating profit margin drastically improved from 3.5% in the same period last year to 10.3%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	107,179	4,170	4,156	2,581	153.0	88.1	Feb 13, 2023	J-GAAP
Apr - Dec, 2023	109,069	3,157	3,010	2,033	121.1	116.9	Feb 13, 2024	J-GAAP
Apr - Dec, 2024	109,576	6,672	6,748	4,231	268.0	82.3	Feb 12, 2025	J-GAAP
YoY	+0.5%	+111.3%	+124.2%	+108.1%	+121.3%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	59,104	2,192	1,997	1,458	95.9	40	Nov 12, 2024	J-GAAP
Oct - Mar, 2024 New	66,104	5,192	4,997	3,958	260.3	40	Feb 12, 2025	J-GAAP
Revision Rate	+11.8%	+136.9%	+150.2%	+171.5%	+171.5%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	133,000	5,200	5,200	3,400	223.6	100	Aug 26, 2024	J-GAAP
Mar, 2025 New	140,000	8,200	8,200	5,900	388.0	100	Feb 12, 2025	J-GAAP
Revision Rate	+5.3%	+57.7%	+57.7%	+73.5%	+73.5%

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	75,723	799	928	1,737	103.6	60	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	66,104	5,192	4,997	3,958	260.3	40	Feb 12, 2025	J-GAAP
YoY	-12.7%	+549.8%	+438.5%	+127.9%	+151.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	142,576	4,518	4,718	3,057	181.2	120	May 12, 2023	J-GAAP
Mar, 2024	145,773	2,597	2,575	3,012	179.7	120	May 13, 2024	J-GAAP
Mar, 2025 Guidance	140,000	8,200	8,200	5,900	388.0	100	Feb 12, 2025	J-GAAP
YoY	-4.0%	+215.7%	+218.4%	+95.9%	+116.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	39,019	1,359	1,363	758	45.2	3.5	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	36,704	-560	-435	979	58.4	-1.5	May 13, 2024	J-GAAP
Apr - Jun, 2024	35,864	1,305	1,428	804	48.2	3.6	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	38,032	1,703	1,775	1,138	70.8	4.5	Nov 12, 2024	J-GAAP
Oct - Dec, 2024	35,680	3,664	3,545	2,289	145.0	10.3	Feb 12, 2025	J-GAAP
YoY	-8.6%	+169.6%	+160.1%	+202.0%	+221.1%