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

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%

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