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Microwave Chemical Co., Ltd., First Half Ordinary Profit Loss Narrows, July-September Ordinary Profit Loss Narrows

Wed Nov 13, 2024 3:30 pm JST Earnings

9227 Microwave Chemical Co., Ltd. 【J-GAAP】

Earnings Report

Microwave Chemical Co., Ltd. <9227> [TSE-G] announced its financial results after the market closed on November 13th (15:30). The ordinary loss (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was a reduced loss of 203 million yen (compared to a loss of 263 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to drop by 38.2% from the same period last year to 243 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary loss improved to a deficit of loss of 7 million yen (compared to a loss of 93 million yen in the same period last year). The operating profit/loss margin drastically improved from -68.4% in the same period last year to -2.0%.

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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 342 -72 -103 -105 -7.3 ー Nov 11, 2022 J-GAAP
Apr - Sep, 2023 238 -262 -263 -288 -18.8 ー Nov 10, 2023 J-GAAP
Apr - Sep, 2024 325 -199 -203 -204 -13.0 ー Nov 13, 2024 J-GAAP
YoY +36.6% +24.0% +22.8% +29.2% +30.6%

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 ー ー ー ー － 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 325 -199 -203 -204 -13.0 0 Nov 13, 2024 J-GAAP
Revision Rate － － － － －

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 1,625 396 393 -656 -42.5 0 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,385 247 243 241 15.2 0 Nov 13, 2024 J-GAAP
YoY -14.8% -37.6% -38.2% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 1,215 59 26 75 5.1 0 May 12, 2023 J-GAAP
Mar, 2024 1,863 134 130 -944 -61.1 0 May 10, 2024 J-GAAP
Mar, 2025 Guidance 1,710 48 40 37 2.3 0 May 10, 2024 J-GAAP
YoY -8.2% -64.2% -69.2% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 136 -93 -93 -104 -6.8 -68.4 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 1,032 217 216 215 14.0 21.0 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 593 179 177 -871 -56.4 30.2 May 10, 2024 J-GAAP
Apr - Jun, 2024 69 -194 -196 -196 -12.6 -281.2 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 256 -5 -7 -8 -0.5 -2.0 Nov 13, 2024 J-GAAP
YoY +88.2% +94.6% +92.5% +92.3% +92.5%

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