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MIROKU JYOHO SERVICE CO.,LTD, First Half Ordinary Profit Increases by 6%

Thu Oct 31, 2024 3:30 pm JST Earnings

9928 MIROKU JYOHO SERVICE CO.,LTD 【J-GAAP】

Earnings Report

MIROKU JYOHO SERVICE CO.,LTD <9928> [TSE-P] announced its financial results after the market closed on October 31st (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 5.8% from the same period last year, reaching 3.02 billion yen. However, The progress rate against the 6.75 billion yen full-year plan was 44.9%, also falling below the five-year average of 54.6%.

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 8.1% from the same period last year, reaching 3.72 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 16.1% from the same period last year, reaching 1.63 billion yen. The operating profit margin rose from 12.8% in the same period last year to 13.8%.

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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 19,881 3,102 2,827 1,935 64.8 48.4 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 21,174 2,799 2,863 1,831 61.2 45.4 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 22,749 2,967 3,028 2,059 68.8 44.9 Oct 31, 2024 J-GAAP
YoY +7.4% +6.0% +5.8% +12.5% +12.4%

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 22,110 2,900 2,870 1,920 64.2 0 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 22,749 2,967 3,028 2,059 68.8 0 Oct 31, 2024 J-GAAP
Revision Rate +2.9% +2.3% +5.5% +7.2% +7.3%

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 22,797 3,311 3,443 2,407 80.5 50 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 22,751 3,773 3,722 2,381 79.6 55 Oct 31, 2024 J-GAAP
YoY -0.2% +14.0% +8.1% -1.1% -1.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 41,461 6,084 5,839 3,767 126.2 45 May 12, 2023 J-GAAP
Mar, 2024 43,971 6,110 6,306 4,238 141.7 50 May 13, 2024 J-GAAP
Mar, 2025 Guidance 45,500 6,740 6,750 4,440 148.3 55 May 13, 2024 J-GAAP
YoY +3.5% +10.3% +7.0% +4.8% +4.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 10,690 1,369 1,408 901 30.1 12.8 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 11,617 1,749 1,817 1,418 47.4 15.1 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 11,180 1,562 1,626 989 33.1 14.0 May 13, 2024 J-GAAP
Apr - Jun, 2024 11,157 1,373 1,394 1,118 37.4 12.3 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 11,592 1,594 1,634 941 31.5 13.8 Oct 31, 2024 J-GAAP
YoY +8.4% +16.4% +16.1% +4.4% +4.4%

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