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MURAKI CORPORATION, First Half Ordinary Profit Decreases by 15%

Mon Oct 28, 2024 4:00 pm JST Earnings

7477 MURAKI CORPORATION 【J-GAAP】

Earnings Report

MURAKI CORPORATION <7477> [TSE-S] announced its financial results after the market closed on October 28th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 15.2% from the same period last year to 117 million yen. However, The progress rate against the 122 million yen full-year plan was 95.9%, also surpassing the five-year average of 61.6%.

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 significant drop by 93.5% from the same period last year to 5 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 58 million yen, a 18.3% decrease compared to the same period last year. The operating profit margin worsened from 3.5% in the same period last year to 2.7%.

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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 3,575 132 142 91 64.5 65.4 Oct 27, 2022 J-GAAP
Apr - Sep, 2023 3,662 127 138 161 114.0 64.2 Oct 27, 2023 J-GAAP
Apr - Sep, 2024 3,787 106 117 69 49.1 95.9 Oct 28, 2024 J-GAAP
YoY +3.4% -16.5% -15.2% -57.1% -56.9%

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 3,700 45 54 23 16.2 12.50 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 3,787 106 117 69 49.1 12.50 Oct 28, 2024 J-GAAP
Revision Rate +2.4% +135.6% +116.7% +200.0% +203.1%

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 3,747 65 77 37 26.1 15 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,713 -3 5 -9 -6.3 12.50 Oct 28, 2024 J-GAAP
YoY -0.9% － -93.5% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 7,334 193 217 125 88.1 20 May 12, 2023 J-GAAP
Mar, 2024 7,409 192 215 198 139.6 25 May 14, 2024 J-GAAP
Mar, 2025 Guidance 7,500 103 122 60 42.3 25 May 14, 2024 J-GAAP
YoY +1.2% -46.4% -43.3% -69.7% -69.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,837 65 71 46 32.6 3.5 Oct 27, 2023 J-GAAP
Oct - Dec, 2023 2,128 92 98 58 41.0 4.3 Jan 26, 2024 J-GAAP
Jan - Mar, 2024 1,619 -27 -21 -21 -14.8 -1.7 May 14, 2024 J-GAAP
Apr - Jun, 2024 1,862 54 59 43 30.8 2.9 Jul 26, 2024 J-GAAP
Jul - Sep, 2024 1,925 52 58 26 18.5 2.7 Oct 28, 2024 J-GAAP
YoY +4.8% -20.0% -18.3% -43.5% -43.2%

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