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MURO CORPORATION, First Half Ordinary Profit Decreases by 62%, July-September Ordinary Profit Decreases by 91%

Thu Nov 14, 2024 12:30 pm JST Earnings

7264 MURO CORPORATION 【J-GAAP】

Earnings Report

MURO CORPORATION <7264> [TSE-S] announced its financial results at noon (12:30) on November 14th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 61.9% from the same period last year to 513 million yen. The progress rate against the 1 billion yen full-year plan was 50.9%, below the five-year average of 55.3%.

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 17.8% from the same period last year to 495 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 56 million yen, a 90.6% decrease compared to the same period last year. The operating profit margin drastically worsened from 8.2% in the same period last year to 4.6%.

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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
Apr - Sep, 2022 10,488 178 737 416 69.0 95.7 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 11,971 943 1,348 916 151.6 69.1 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 11,255 430 513 350 58.0 50.9 Nov 14, 2024 J-GAAP
YoY -6.0% -54.4% -61.9% -61.8% -61.8%

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 11,255 430 513 350 57.9 22 Nov 13, 2024 J-GAAP
Apr - Sep, 2024 Results 11,255 430 513 350 58.0 22 Nov 14, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +0.1%

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 11,684 503 602 401 66.4 22 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 11,337 385 495 188 31.1 23 Nov 13, 2024 J-GAAP
YoY -3.0% -23.5% -17.8% -53.1% -53.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 21,842 410 770 291 48.2 44 May 12, 2023 J-GAAP
Mar, 2024 23,655 1,446 1,950 1,317 218.0 44 May 14, 2024 J-GAAP
Mar, 2025 Guidance 22,592 815 1,008 538 89.0 45 Nov 13, 2024 J-GAAP
YoY -4.5% -43.6% -48.3% -59.1% -59.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 6,154 502 593 417 69.0 8.2 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 6,267 518 382 279 46.2 8.3 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 5,417 -15 220 122 20.2 -0.3 May 14, 2024 J-GAAP
Apr - Jun, 2024 5,548 170 457 338 56.1 3.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 5,707 260 56 12 2.0 4.6 Nov 14, 2024 J-GAAP
YoY -7.3% -48.2% -90.6% -97.1% -97.1%

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