MIT Holdings CO.,LTD., December-August (Third Quarter Cumulative) Ordinary Profit Increases by 3.3 times, June-Augus Ordinary Profit Increases by 2.3 times

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Tue Oct 15, 2024 4:00 pm JST Earnings

4016 MIT Holdings CO.,LTD. 【J-GAAP】

Earnings Report

MIT Holdings CO.,LTD. <4016> [TSE-S] announced its financial results after the market closed on October 15th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending November 2024 (December 2023 to August 2024) surged by 3.3 times that of the same period last year, reaching 159 million yen. The progress rate against the 186 million yen full-year plan was 85.5%, also surpassing the four-year average of 46.0%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the September to November period (4Q) is expected to drop by 41.3% from the same period last year to 27 million yen.

In the most recent three-month period, from June to August (3Q), the consolidated ordinary profit surged to 2.3 times that of the same period last year, reaching 58 million yen. The operating profit margin improved from 2.0% in the same period last year to 4.3%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Dec - Aug, 2021	3,183	48	44	22	10.9	36.7	Oct 14, 2022	J-GAAP
Dec - Aug, 2022	3,515	40	48	10	5.2	51.1	Oct 13, 2023	J-GAAP
Dec - Aug, 2023	3,871	166	159	96	48.5	85.5	Oct 15, 2024	J-GAAP
YoY	+10.1%	+315.0%	+231.3%	+860.0%	+833.1%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2023	2,492	69	71	46	23.5	8	Jan 12, 2024	J-GAAP
Jun - Nov, 2024 Guidance	2,720	91	85	38	19.2	15	Jul 12, 2024	J-GAAP
YoY	+9.1%	+31.9%	+19.7%	-17.4%	-18.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2022	4,357	120	120	45	22.4	7	Jan 13, 2023	J-GAAP
Nov, 2023	4,786	84	94	47	24.0	8	Jan 12, 2024	J-GAAP
Nov, 2024 Guidance	5,260	200	186	99	50.0	15	Jan 12, 2024	J-GAAP
YoY	+9.9%	+138.1%	+97.9%	+110.6%	+108.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	1,221	25	25	9	4.7	2.0	Oct 13, 2023	J-GAAP
Sep - Nov, 2023	1,271	44	46	37	18.9	3.5	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	1,241	53	53	31	16.1	4.3	Apr 12, 2024	J-GAAP
Mar - May, 2024	1,299	56	48	30	15.4	4.3	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	1,331	57	58	35	17.7	4.3	Oct 15, 2024	J-GAAP
YoY	+9.0%	+128.0%	+132.0%	+288.9%	+278.0%