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MAEZAWA KASEI INDUSTRIES CO.,LTD., First Half Ordinary Profit Increases by 22%, July-September Ordinary Profit Increases by 27%

Thu Oct 31, 2024 3:00 pm JST Earnings

7925 MAEZAWA KASEI INDUSTRIES CO.,LTD. 【J-GAAP】

Earnings Report

MAEZAWA KASEI INDUSTRIES CO.,LTD. <7925> [TSE-P] announced its financial results after the market closed on October 31st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 21.8% from the same period last year, reaching 1.17 billion yen. The progress rate against the 2.26 billion yen full-year plan was 52.1%, also surpassing the five-year average of 46.0%.

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 2.1% from the same period last year to 1.08 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 26.9% from the same period last year, reaching 685 million yen. The operating profit margin improved from 8.1% in the same period last year to 10.6%.

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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 11,370 941 1,089 700 47.3 48.9 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 11,725 819 967 638 43.1 46.7 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 11,620 1,011 1,178 832 56.1 52.1 Oct 31, 2024 J-GAAP
YoY -0.9% +23.4% +21.8% +30.4% +30.3%

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 12,130 950 1,080 700 47.2 30 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 11,620 1,011 1,178 832 56.1 30 Oct 31, 2024 J-GAAP
Revision Rate -4.2% +6.4% +9.1% +18.9% +19.0%

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 12,200 954 1,105 724 48.8 25 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 12,880 989 1,082 618 41.6 30 Oct 31, 2024 J-GAAP
YoY +5.6% +3.7% -2.1% -14.6% -14.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 23,495 1,946 2,226 1,462 98.6 50 May 15, 2023 J-GAAP
Mar, 2024 23,925 1,773 2,072 1,362 91.8 50 May 14, 2024 J-GAAP
Mar, 2025 Guidance 24,500 2,000 2,260 1,450 97.7 60 May 14, 2024 J-GAAP
YoY +2.4% +12.8% +9.1% +6.5% +6.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 5,953 483 540 355 24.0 8.1 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 6,171 519 601 404 27.3 8.4 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 6,029 435 504 320 21.6 7.2 May 14, 2024 J-GAAP
Apr - Jun, 2024 5,664 382 493 356 24.0 6.7 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 5,956 629 685 476 32.1 10.6 Oct 31, 2024 J-GAAP
YoY +0.1% +30.2% +26.9% +34.1% +33.9%

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