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Miroku Corporation, Third Quarter Cumulative (November-July) Operating Profit Turns to Loss, 3Q (May-July) Operating Profit Turns to Loss

Fri Sep 13, 2024 3:30 pm JST Earnings

7983 Miroku Corporation 【J-GAAP】

Earnings Report

Miroku Corporation <7983> [TSE-S] announced its financial results after the market closed on September 13th (15:30). The consolidated operating profit/loss for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) turned into a loss of 81 million yen (compared to a profit of 631 million yen in the same period last year).

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated operating profit/loss for the August to October period (4Q) is expected to turn into a profit of 91 million yen (compared to a loss of 78 million yen in the same period last year).

In the most recent three-month period, from May to July (3Q), the consolidated operating profit/loss turned to a loss of 86 million yen (compared to a profit of 108 million yen in the same period last year). The operating profit/loss margin drastically worsened from 3.9% in the same period last year to -3.3%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Nov - Jul, 2021 8,242 673 793 516 175.0 98.1 Sep 9, 2022 J-GAAP
Nov - Jul, 2022 8,757 631 831 558 189.3 104.5 Sep 8, 2023 J-GAAP
Nov - Jul, 2023 8,038 -81 117 9 3.2 53.2 Sep 13, 2024 J-GAAP
YoY -8.2% － -85.9% -98.4% -98.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2023 5,927 30 142 48 16.3 25 Dec 15, 2023 J-GAAP
May - Oct, 2024 Guidance 6,289 5 121 135 45.8 10 Jun 5, 2024 J-GAAP
YoY +6.1% -83.3% -14.8% +181.3% +181.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2022 11,471 659 808 512 173.6 40 Dec 15, 2022 J-GAAP
Oct, 2023 11,887 553 795 481 163.1 45 Dec 15, 2023 J-GAAP
Oct, 2024 Guidance 11,700 10 220 160 54.2 20 Jun 5, 2024 J-GAAP
YoY -1.6% -98.2% -72.3% -66.7% -66.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 2,797 108 178 125 42.4 3.9 Sep 8, 2023 J-GAAP
Aug - Oct, 2023 3,130 -78 -36 -77 -26.1 -2.5 Dec 15, 2023 J-GAAP
Nov - Jan, 2023 2,638 80 142 86 29.4 3.0 Mar 11, 2024 J-GAAP
Feb - Apr, 2024 2,773 -75 -43 -61 -21.3 -2.7 Jun 10, 2024 J-GAAP
May - Jul, 2024 2,627 -86 18 -16 -5.7 -3.3 Sep 13, 2024 J-GAAP
YoY -6.1% － -89.9% － －

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