Marui Group Co Ltd Ord (MAURF) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

We'd like to start the financial results briefing for the sixth month ended September 30th, 2023. Twenty-five minutes will be spent for presentation followed by Q&A. Let me introduce our presenters. First, Mr. Tato, Director, Managing Executive Officer and CFO, will give you a presentation about our results and business status. And our CEO, Mr. Aoi, will discuss the outlook of our business and progress to achieve our mid-term business plan. And to answer your questions, we have Saito-san, President and Representative Director, e-Postcard, and Mr. Aono. President and Representative Director, Marui Corporation Limited, and Ms. Kutsukake, General Manager, Investor Relations Department. Those will answer your questions. So first, CFO Mr. Kato will give you the overview of our financial results over the second quarter of fiscal year 2024, March. I am Kato. I'll be talking about financial results and overview of each segment for Q2 of the year ending March 2034. First, the consolidated results. There are four major points. The total transaction volume exceeded 2 trillion for the first half, for the first time. Operating income was 18.7 billion yen, down 17% or 3.7 billion yen year-on-year. Excluding liquidated accounts receivable, actual operating income was down 1.2 billion yen. Then income was down 14% at 11.5 billion or 1.9 billion yen. year on year. Full year plan is now revised based on the progress in fintech. I'll explain more when I get to the fintech. This is the main financial indicators. Group total transaction was 2,172.5 billion yen, setting a new record high again. Fintech transaction increase made great contribution. Operating income exceeded the previous year by 3.7 billion at 18.7 billion yen. And from this fiscal year, we changed the timing of funding thr...