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MEIHO ENTERPRISE, First Half Ordinary Profit Decreases by 40%, Nov-Jan Ordinary Profit Decreases by 85%

Mon Mar 17, 2025 3:30 pm JST Earnings

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

Earnings Report

MEIHO ENTERPRISE CO.,LTD. <8927> [TSE Std] announced its financial results after the market closed on March 17th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending July 2025 (August 2024 to January 2025) dropped 39.6% from the same period last year to 0.72 billion yen. The progress rate toward the full-year plan of 2 billion yen was 36.0%, almost the same as the five-year average of 36.3%.

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 February to July period (2H) is expected to expand 82.1% from the same period last year, reaching 1.28 billion yen.

In the most recent three-month period, from November to January (2Q), the consolidated ordinary profit significantly dropped to 0.12 billion yen, a 84.6% decrease compared to the same period last year. The operating profit margin sharply declined from 14.7% in the same period last year to 6.9%.

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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
Aug - Jan, 2022 3,385 89 -67 -46 -1.9 ー Mar 17, 2023 J-GAAP
Aug - Jan, 2023 10,868 1,374 1,192 835 28.3 62.9 Mar 15, 2024 J-GAAP
Aug - Jan, 2024 11,752 1,051 720 460 15.6 36.0 Mar 17, 2025 J-GAAP
YoY +8.1% -23.5% -39.6% -44.9% -44.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2024 Guidance 12,200 920 610 430 14.6 5.50 Sep 12, 2024 J-GAAP
Aug - Jan, 2024 Results 11,752 1,051 720 460 15.6 5.50 Mar 17, 2025 J-GAAP
Revision Rate -3.7% +14.2% +18.0% +7.0% +7.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb - Jul, 2024 9,694 967 703 540 18.3 6.50 Sep 12, 2024 J-GAAP
Feb - Jul, 2025 Guidance 17,248 1,549 1,280 940 31.9 5.50 Mar 17, 2025 J-GAAP
YoY +77.9% +60.2% +82.1% +74.1% +74.0%

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
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
Aug - Oct, 2024 7,192 737 594 384 13.0 10.2 Dec 12, 2024 J-GAAP
Nov - Jan, 2024 4,560 314 126 76 2.6 6.9 Mar 17, 2025 J-GAAP
YoY -23.4% -64.2% -84.6% -86.5% -86.5%

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