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MEIHO ENTERPRISE CO.,LTD., 6% Increase in Ordinary Profit for The Current Fiscal Year

Thu Sep 12, 2024 1:00 pm JST Earnings

8927 MEIHO ENTERPRISE CO.,LTD. 【J-GAAP】

Earnings Report

MEIHO ENTERPRISE CO.,LTD. <8927> [TSE-S] announced its financial results in the afternoon session on September 12th (13:00). The consolidated ordinary profit for the fiscal year ending July 2024 expanded to 95.8% from the previous period to 1.89 billion yen. For the fiscal year ending July 2025, the profit is expected to grow by 5.5% to 2 billion yen. This will be the fifth consecutive term of revenue and the third consecutive term of profit growth.

In the most recent three-month period, from May to July (4Q), the consolidated ordinary profit/loss turned to a loss of 136 million yen (compared to a profit of 312 million yen in the same period last year). The operating profit margin drastically worsened from 8.0% in the same period last year to 0.6%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2022 11,160 1,116 932 640 27.1 8 Sep 14, 2022 J-GAAP
Jul, 2023 15,247 1,304 968 637 23.7 9 Sep 14, 2023 J-GAAP
Jul, 2024 20,562 2,341 1,895 1,375 46.6 11 Sep 12, 2024 J-GAAP
YoY +34.9% +79.5% +95.8% +115.9% +96.5%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2024 Guidance 20,400 2,250 1,800 1,130 38.3 11 Aug 5, 2024 J-GAAP
Jul, 2024 Results 20,562 2,341 1,895 1,375 46.6 11 Sep 12, 2024 J-GAAP
Revision Rate +0.8% +4.0% +5.3% +21.7% +21.7%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2023 10,868 1,374 1,192 835 28.3 4.50 Mar 15, 2024 J-GAAP
Aug - Jan, 2024 Guidance 12,200 920 610 430 14.6 5.50 Sep 12, 2024 J-GAAP
YoY +12.3% -33.0% -48.8% -48.5% -48.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2023 15,247 1,304 968 637 23.7 9 Sep 14, 2023 J-GAAP
Jul, 2024 20,562 2,341 1,895 1,375 46.6 11 Sep 12, 2024 J-GAAP
Jul, 2025 Guidance 29,000 2,600 2,000 1,400 47.5 11 Sep 12, 2024 J-GAAP
YoY +41.0% +11.1% +5.5% +1.8% +1.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 5,520 444 312 204 7.6 8.0 Sep 14, 2023 J-GAAP
Aug - Oct, 2023 4,918 498 374 271 9.2 10.1 Dec 15, 2023 J-GAAP
Nov - Jan, 2023 5,950 876 818 564 19.1 14.7 Mar 15, 2024 J-GAAP
Feb - Apr, 2024 6,008 945 839 595 20.2 15.7 Jun 14, 2024 J-GAAP
May - Jul, 2024 3,686 22 -136 -55 -1.9 0.6 Sep 12, 2024 J-GAAP
YoY -33.2% -95.0% － － －

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