Middak Holdings <6564> announced its consolidated financial results for the second quarter of the fiscal year ending in March 2025 (April-September 24). Revenue increased by 22.7% year-on-year to 5.147 billion yen, operating profit increased by 41.0% to 1.911 billion yen, ordinary profit increased by 40.6% to 1.859 billion yen, and net income attributable to parent company shareholders increased by 56.5% to 1.179 billion yen.
Revenue from the waste disposal business increased by 5.7% year-on-year to 3.978 billion yen, with a segment profit of 2.076 billion yen, up by 5.9%. Due to strong landfill demand, the amount of waste accepted at the final disposal site increased significantly. Additionally, the amount accepted at the water treatment facilities increased due to the contribution of large spot projects.
Revenue from the collection and transportation business increased by 159.5% year-on-year to 0.969 billion yen, with a segment profit of 0.284 billion yen, a growth of 483.0%. Successful cost transfer to major trading partners was achieved. However, the volume of projects decreased from the previous period due to a reduction in spot projects such as disaster waste related to heavy rain. General waste increased compared to the previous period, contributing throughout the current fiscal year.
Revenue from the brokerage management business increased by 4.0% year-on-year to 0.061 billion yen, with a segment profit of 0.042 billion yen, up by 8.9%. Due to an increase in the number of small and large projects, the intermediation to cooperative companies progressed well. Focusing on improving transportation efficiency and profitability, the business activity increased.
Regarding the full-year consolidated performance forecast for the fiscal year ending in March 2025, revenue is expected to increase by 8.8% to 10.391 billion yen, operating profit to increase by 8.8% to 3.849 billion yen, ordinary profit to increase by 14.9% to 3.881 billion yen, and net income attributable to parent company shareholders to increase by 30.3% to 2.484 billion yen, retaining the initial plan.