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Maruzen Showa Unyu Co,.Ltd., First Half Ordinary Profit Increases by 13%, July-September Ordinary Profit Increases by 17%

Mon Nov 11, 2024 3:30 pm JST Earnings

9068 Maruzen Showa Unyu Co.,Ltd. 【J-GAAP】

Earnings Report

Maruzen Showa Unyu Co,.Ltd. <9068> [TSE-P] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 13.0% from the same period last year, reaching 7.37 billion yen. However, The progress rate against the 16.5 billion yen full-year plan was 44.7%, almost the same as the five-year average of 46.4%.

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 grow by 17.8% from the same period last year, reaching 9.12 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 16.6% from the same period last year, reaching 3.68 billion yen. The operating profit margin improved from 8.9% in the same period last year to 10.0%.

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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 69,953 6,266 6,808 4,578 225.8 49.4 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 68,604 6,047 6,524 4,867 240.0 45.7 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 71,237 6,881 7,374 5,892 294.0 44.7 Nov 11, 2024 J-GAAP
YoY +3.8% +13.8% +13.0% +21.1% +22.5%

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 76,000 7,800 8,200 6,100 304.3 80 Aug 8, 2024 J-GAAP
Apr - Sep, 2024 Results 71,237 6,881 7,374 5,892 294.0 80 Nov 11, 2024 J-GAAP
Revision Rate -6.3% -11.8% -10.1% -3.4% -3.4%

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 71,590 7,157 7,747 4,874 240.8 70 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 83,763 9,119 9,126 6,108 312.9 70 Nov 11, 2024 J-GAAP
YoY +17.0% +27.4% +17.8% +25.3% +29.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 140,861 12,692 13,781 8,931 440.4 100 May 11, 2023 J-GAAP
Mar, 2024 140,194 13,204 14,271 9,741 481.2 130 May 9, 2024 J-GAAP
Mar, 2025 Guidance 155,000 16,000 16,500 12,000 614.6 150 Aug 8, 2024 J-GAAP
YoY +10.6% +21.2% +15.6% +23.2% +27.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 34,399 3,068 3,156 2,582 127.3 8.9 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 36,501 3,972 4,317 3,321 163.7 10.9 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 35,089 3,185 3,430 1,553 76.7 9.1 May 9, 2024 J-GAAP
Apr - Jun, 2024 35,143 3,278 3,694 2,574 128.4 9.3 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 36,094 3,603 3,680 3,318 165.6 10.0 Nov 11, 2024 J-GAAP
YoY +4.9% +17.4% +16.6% +28.5% +30.0%

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