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M H GROUP, First Half Ordinary Profit Decreases by 39%, Oct-Dec Ordinary Profit Decreases by 8%

Wed Feb 12, 2025 3:30 pm JST Earnings

9439 M H GROUP LTD. 【J-GAAP】

Earnings Report

M H GROUP LTD. <9439> [TSE Std] announced its financial results after the market closed on February 12th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending June 2025 (July to December) dropped 39.3% from the same period last year to 17 million yen. The progress rate toward the full-year plan of 30 million yen was 56.7%, below the five-year average of 92.4%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the January to June period (2H) is expected to turn into a profit of 13 million yen (compared to a loss of 2 million yen in the same period last year).

In the most recent three-month period, from October to December (2Q), the consolidated ordinary profit decreased to 23 million yen, a 8.0% decrease compared to the same period last year. The operating profit margin worsened from 5.1% in the same period last year to 4.8%.

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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
Jul - Dec, 2022 972 47 51 34 3.0 91.1 Feb 13, 2023 J-GAAP
Jul - Dec, 2023 965 25 28 17 1.6 107.7 Feb 13, 2024 J-GAAP
Jul - Dec, 2024 959 15 17 10 0.9 56.7 Feb 12, 2025 J-GAAP
YoY -0.6% -40.0% -39.3% -41.2% -41.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Guidance ー ー ー ー － － Aug 16, 2024 J-GAAP
Jul - Dec, 2024 Results 959 15 17 10 0.9 0 Feb 12, 2025 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
Jan - Jun, 2024 912 -2 -2 -5 -0.5 1 Aug 16, 2024 J-GAAP
Jan - Jun, 2025 Guidance 991 15 13 5 0.4 0.50 Feb 12, 2025 J-GAAP
YoY +8.7% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2023 1,902 54 56 24 2.1 0 Aug 18, 2023 J-GAAP
Jun, 2024 1,877 23 26 12 1.1 1 Aug 16, 2024 J-GAAP
Jun, 2025 Guidance 1,950 30 30 15 1.3 0.50 Aug 16, 2024 J-GAAP
YoY +3.9% +30.4% +15.4% +25.0% +18.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 492 25 25 21 1.9 5.1 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 453 6 7 2 0.2 1.3 May 13, 2024 J-GAAP
Apr - Jun, 2024 459 -8 -9 -7 -0.6 -1.7 Aug 16, 2024 J-GAAP
Jul - Sep, 2024 476 -8 -6 -9 -0.8 -1.7 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 483 23 23 19 1.7 4.8 Feb 12, 2025 J-GAAP
YoY -1.8% -8.0% -8.0% -9.5% -10.5%

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