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MAINICHI COMNET CO., LTD., June-August (1Q) Ordinary Profit Decreases by 88%

Thu Oct 10, 2024 3:00 pm JST Earnings

8908 MAINICHI COMNET CO., LTD. 【J-GAAP】

Earnings Report

MAINICHI COMNET CO., LTD. <8908> [TSE-S] announced its financial results after the market closed on October 10th (15:00). The consolidated ordinary profit for the first quarter of the fiscal year ending May 2025 (June to August) significantly dropped by 87.6% from the same period last year to 100 million yen. The progress rate against the 100 million yen plan for the six months ending November (first half) was 100.0%, below the five-year average of 108.7%.

In the most recent three-month period, from June to August (1Q), the operating profit margin sharply declined from 12.8% in the same period last year to 2.9%.

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Actual Results

Accumulated Results 1st Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jun - Aug, 2022 7,599 870 858 578 32.1 97.7 Oct 6, 2022 J-GAAP
Jun - Aug, 2023 6,355 815 807 555 31.5 91.1 Oct 11, 2023 J-GAAP
Jun - Aug, 2024 4,434 127 100 75 4.3 100.0 Oct 10, 2024 J-GAAP
YoY -30.2% -84.4% -87.6% -86.5% -86.5%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2023 10,439 904 886 601 34.1 8 Jan 11, 2024 J-GAAP
Jun - Nov, 2024 Guidance 8,810 160 100 68 3.9 9 Jul 12, 2024 J-GAAP
YoY -15.6% -82.3% -88.7% -88.7% -88.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2023 21,248 2,081 2,083 1,381 77.0 28 Jul 13, 2023 J-GAAP
May, 2024 20,772 2,292 2,218 1,484 84.2 30 Jul 12, 2024 J-GAAP
May, 2025 Guidance 22,030 2,410 2,270 1,520 86.3 31 Jul 12, 2024 J-GAAP
YoY +6.1% +5.1% +2.3% +2.4% +2.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 6,355 815 807 555 31.5 12.8 Oct 11, 2023 J-GAAP
Sep - Nov, 2023 4,084 89 79 46 2.6 2.2 Jan 11, 2024 J-GAAP
Dec - Feb, 2023 4,138 -34 -59 -49 -2.8 -0.8 Apr 10, 2024 J-GAAP
Mar - May, 2024 6,195 1,422 1,391 932 52.9 23.0 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 4,434 127 100 75 4.3 2.9 Oct 10, 2024 J-GAAP
YoY -30.2% -84.4% -87.6% -86.5% -86.5%

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