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Maruto Sangyo Co., Ltd., First Half Ordinary Profit Decreases by 47%, June-Augus Ordinary Profit Decreases by 28%

Tue Oct 15, 2024 3:30 pm JST Earnings

7894 Maruto Sangyo Co., Ltd. 【J-GAAP】

Earnings Report

Maruto Sangyo Co., Ltd. <7894> [FukuokaSE] announced its financial results after the market closed on October 15th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) dropped by 46.8% from the same period last year to 177 million yen. The progress rate against the 490 million yen full-year plan was 36.1%, also falling below the five-year average of 50.8%.

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 September to February period (second half) is expected to expand by 52.7% from the same period last year, reaching 313 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit decreased to 70 million yen, a 27.8% decrease compared to the same period last year. The operating profit margin worsened from 1.7% in the same period last year to 1.4%.

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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
Mar - Aug, 2022 9,039 185 289 200 126.4 47.3 Oct 11, 2022 J-GAAP
Mar - Aug, 2023 9,229 258 333 234 147.9 61.9 Oct 12, 2023 J-GAAP
Mar - Aug, 2024 8,720 101 177 156 98.5 36.1 Oct 15, 2024 J-GAAP
YoY -5.5% -60.9% -46.8% -33.3% -33.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance ー ー ー ー － 0 Apr 15, 2024 J-GAAP
Mar - Aug, 2024 Results 8,720 101 177 156 98.5 0 Oct 15, 2024 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 8,624 160 205 132 83.4 40 Apr 15, 2024 J-GAAP
Sep - Feb, 2024 Guidance 9,880 329 313 214 134.8 40 Oct 15, 2024 J-GAAP
YoY +14.6% +105.6% +52.7% +62.1% +61.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 18,136 480 611 416 262.6 40 Apr 12, 2023 J-GAAP
Feb, 2024 17,853 418 538 366 231.2 40 Apr 15, 2024 J-GAAP
Feb, 2025 Guidance 18,600 430 490 370 233.1 40 Apr 15, 2024 J-GAAP
YoY +4.2% +2.9% -8.9% +1.1% +0.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 4,608 79 97 71 44.9 1.7 Oct 12, 2023 J-GAAP
Sep - Nov, 2023 4,352 72 94 68 42.9 1.7 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 4,272 88 111 64 40.4 2.1 Apr 15, 2024 J-GAAP
Mar - May, 2024 4,283 39 107 100 63.6 0.9 Jul 16, 2024 J-GAAP
Jun - Aug, 2024 4,437 62 70 56 35.4 1.4 Oct 15, 2024 J-GAAP
YoY -3.7% -21.5% -27.8% -21.1% -21.2%

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