Material Group Full Year 2024 Earnings: Misses Expectations

Simply Wall St · 10/17 23:15

Material Group (TSE:156A) Full Year 2024 Results

Key Financial Results

  • Revenue: JP¥5.28b (up 13% from FY 2023).
  • Net income: JP¥709.0m (up 62% from FY 2023).
  • Profit margin: 13% (up from 9.4% in FY 2023). The increase in margin was driven by higher revenue.
  • EPS: JP¥73.04 (up from JP¥44.47 in FY 2023).
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TSE:156A Earnings and Revenue Growth October 17th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Material Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 8.5%. Earnings per share (EPS) also missed analyst estimates by 4.1%.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Media industry in Japan.

Performance of the Japanese Media industry.

The company's shares are down 6.6% from a week ago.

Risk Analysis

Be aware that Material Group is showing 2 warning signs in our investment analysis that you should know about...