MITACHI CO.,LTD., June-August (1Q) Ordinary Profit Decreases by 26%

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Fri Oct 4, 2024 3:00 pm JST Earnings

3321 MITACHI CO.,LTD. 【J-GAAP】

Earnings Report

MITACHI CO.,LTD. <3321> [TSE-S] announced its financial results after the market closed on October 4th (15:00). The consolidated ordinary profit for the first quarter of the fiscal year ending May 2025 (June to August) decreased by 26.0% from the same period last year to 321 million yen. However, The progress rate against the 600 million yen plan for the six months ending November (first half) was 53.5%, also surpassing the five-year average of 40.2%.

In the most recent three-month period, from June to August (1Q), the operating profit margin worsened from 4.1% in the same period last year to 2.7%.

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Actual Results

Accumulated Results 1st Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jun - Aug, 2022	12,000	1,042	1,042	729	91.8	62.1	Sep 30, 2022	J-GAAP
Jun - Aug, 2023	9,654	393	434	303	38.1	42.4	Oct 6, 2023	J-GAAP
Jun - Aug, 2024	9,272	252	321	227	28.6	53.5	Oct 4, 2024	J-GAAP
YoY	-4.0%	-35.9%	-26.0%	-25.1%	-24.9%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2023	20,048	935	1,024	705	88.6	20	Dec 27, 2023	J-GAAP
Jun - Nov, 2024 Guidance	30,000	600	600	400	50.2	25	Jul 5, 2024	J-GAAP
YoY	+49.6%	-35.8%	-41.4%	-43.3%	-43.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2023	43,271	2,490	2,452	1,693	212.9	65	Jul 7, 2023	J-GAAP
May, 2024	38,899	1,591	1,706	1,222	153.5	45	Jul 5, 2024	J-GAAP
May, 2025 Guidance	80,000	1,800	1,800	1,250	156.9	50	Jul 5, 2024	J-GAAP
YoY	+105.7%	+13.1%	+5.5%	+2.3%	+2.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	9,654	393	434	303	38.1	4.1	Oct 6, 2023	J-GAAP
Sep - Nov, 2023	10,394	542	590	402	50.5	5.2	Dec 27, 2023	J-GAAP
Dec - Feb, 2023	9,667	356	322	224	28.2	3.7	Mar 29, 2024	J-GAAP
Mar - May, 2024	9,184	300	360	293	36.8	3.3	Jul 5, 2024	J-GAAP
Jun - Aug, 2024	9,272	252	321	227	28.6	2.7	Oct 4, 2024	J-GAAP
YoY	-4.0%	-35.9%	-26.0%	-25.1%	-24.9%