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MT GENEX CORPORATION, First Half Ordinary Profit Decreases by 27%

Fri Nov 8, 2024 3:30 pm JST Earnings

9820 MT GENEX CORPORATION 【J-GAAP】

Earnings Report

MT GENEX CORPORATION <9820> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 26.5% from the same period last year to 191 million yen. However, The progress rate against the 337 million yen full-year plan was 56.7%, also surpassing the five-year average of 41.7%.

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 24.0% from the same period last year to 146 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 125 million yen, an increase of 0.8% compared to the same period last year. The operating profit margin rose from 11.2% in the same period last year to 11.9%.

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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
Apr - Sep, 2022 1,515 143 150 94 87.8 39.3 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 2,021 253 260 160 149.5 57.5 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 1,877 179 191 113 105.1 56.7 Nov 8, 2024 J-GAAP
YoY -7.1% -29.2% -26.5% -29.4% -29.7%

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 1,879 134 140 87 80.8 0 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 1,877 179 191 113 105.1 0 Nov 8, 2024 J-GAAP
Revision Rate -0.1% +33.6% +36.4% +29.9% +30.0%

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 1,769 185 192 117 108.9 40 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,984 143 146 87 80.8 40 Nov 8, 2024 J-GAAP
YoY +12.2% -22.7% -24.0% -25.6% -25.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 3,263 364 382 241 224.5 40 May 12, 2023 J-GAAP
Mar, 2024 3,790 438 452 277 257.9 40 May 13, 2024 J-GAAP
Mar, 2025 Guidance 3,861 322 337 200 185.8 40 May 13, 2024 J-GAAP
YoY +1.9% -26.5% -25.4% -27.8% -27.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,084 121 124 75 70.1 11.2 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 931 137 142 93 86.6 14.7 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 838 48 50 24 22.3 5.7 May 13, 2024 J-GAAP
Apr - Jun, 2024 856 58 66 34 32.3 6.8 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,021 121 125 79 73.5 11.9 Nov 8, 2024 J-GAAP
YoY -5.8% 0.0% +0.8% +5.3% +4.9%

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