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Marubeni Construction Material Lease Co.,Ltd., First Half Ordinary Profit Increases by 29%, July-September Ordinary Profit Increases by 52%

Fri Nov 8, 2024 2:00 pm JST Earnings

9763 Marubeni Construction Material Lease Co.,Ltd. 【J-GAAP】

Earnings Report

Marubeni Construction Material Lease Co.,Ltd. <9763> [TSE-S] announced its financial results in the afternoon session on November 8th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 29.5% from the same period last year, reaching 804 million yen. The progress rate against the 1.62 billion yen full-year plan was 49.6%, exceeding the five-year average of 40.7%.

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 decrease by 15.0% from the same period last year to 816 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 52.0% from the same period last year, reaching 386 million yen. The operating profit margin improved from 4.8% in the same period last year to 5.8%.

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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
Apr - Sep, 2022 8,670 435 570 428 131.9 38.5 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 9,742 518 621 442 139.5 39.3 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 11,241 721 804 574 181.0 49.6 Nov 8, 2024 J-GAAP
YoY +15.4% +39.2% +29.5% +29.9% +29.8%

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 － 65 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 11,241 721 804 574 181.0 65 Nov 8, 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 11,583 808 960 719 226.7 65 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 10,759 629 816 606 191.0 65 Nov 8, 2024 J-GAAP
YoY -7.1% -22.2% -15.0% -15.7% -15.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 20,101 1,160 1,480 1,111 345.9 100 May 11, 2023 J-GAAP
Mar, 2024 21,325 1,326 1,581 1,161 366.0 115 May 10, 2024 J-GAAP
Mar, 2025 Guidance 22,000 1,350 1,620 1,180 371.9 130 May 10, 2024 J-GAAP
YoY +3.2% +1.8% +2.5% +1.6% +1.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 4,744 228 254 171 54.0 4.8 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 5,872 631 673 472 148.9 10.7 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 5,711 177 287 247 77.9 3.1 May 10, 2024 J-GAAP
Apr - Jun, 2024 5,585 391 418 292 92.3 7.0 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 5,656 330 386 282 88.9 5.8 Nov 8, 2024 J-GAAP
YoY +19.2% +44.7% +52.0% +64.9% +64.8%

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