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MUSASHI CO.,LTD., First Half Ordinary Profit Increases by 2.6 times, July-September Ordinary Profit Increases by 87 times

Tue Nov 12, 2024 4:00 pm JST Earnings

7521 MUSASHI CO.,LTD. 【J-GAAP】

Earnings Report

MUSASHI CO.,LTD. <7521> [TSE-S] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.6 times that of the same period last year, reaching 1.96 billion yen. The progress rate against the 3.65 billion yen full-year plan was 53.7%, it was below the five-year average of 62.6%.

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 surge by 4.6 times that of the same period last year, reaching 1.69 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 87 times that of the same period last year, reaching 1.65 billion yen. The operating profit margin significantly improved from 0.2% in the same period last year to 3.5%.

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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 18,389 1,555 1,592 1,060 155.6 58.9 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 16,779 730 751 498 73.1 66.9 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 16,581 607 1,963 1,506 221.1 53.7 Nov 12, 2024 J-GAAP
YoY -1.2% -16.8% +161.4% +202.4% +202.4%

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 16,581 605 1,958 1,503 220.6 30 Oct 29, 2024 J-GAAP
Apr - Sep, 2024 Results 16,581 607 1,963 1,506 221.1 30 Nov 12, 2024 J-GAAP
Revision Rate 0.0% +0.3% +0.3% +0.2% +0.2%

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 16,361 347 372 269 39.5 21 May 17, 2024 J-GAAP
Oct - Mar, 2024 Guidance 21,439 1,720 1,694 1,073 157.5 30 Nov 12, 2024 J-GAAP
YoY +31.0% +395.7% +355.4% +298.9% +298.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 37,072 2,619 2,705 1,762 258.7 43 May 12, 2023 J-GAAP
Mar, 2024 33,140 1,077 1,123 767 112.7 36 May 17, 2024 J-GAAP
Mar, 2025 Guidance 38,020 2,327 3,657 2,579 378.5 60 Oct 29, 2024 J-GAAP
YoY +14.7% +116.1% +225.6% +236.2% +235.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 8,084 20 19 -11 -1.6 0.2 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 7,894 164 171 80 11.8 2.1 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 8,467 183 201 189 27.8 2.2 May 17, 2024 J-GAAP
Apr - Jun, 2024 7,794 297 305 179 26.4 3.8 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 8,787 310 1,658 1,327 194.8 3.5 Nov 12, 2024 J-GAAP
YoY +8.7% +1,450.0% +8,626.3% － －

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