Mie Kotsu Group Holdings,Inc., First Half Ordinary Profit Revised Upward by 25%, Exceeded record profit forecast, Full Year also Increased, Dividend Revised Upward by 2 yen

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Wed Oct 23, 2024 3:30 pm JST Revision

3232 Mie Kotsu Group Holdings,Inc. 【J-GAAP】

Guidance Update Report

Mie Kotsu Group Holdings,Inc. <3232> [TSE-P] announced a revision to its performance and dividend after the market closed on October 23rd (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) has been revised upward by 24.8%, from the previous forecast of 4.2 billion yen to 5.24 billion yen (compared to 3.61 billion yen in the same period of the previous year), increasing the growth rate from 16.1% to 44.9%. The company has further increased its previous forecast of record profits for the first time in five years.

Following the strong performance in the first half, the full-year consolidated ordinary profit has been revised upward by 4.2%, from the previous forecast of 7.2 billion yen to 7.5 billion yen (compared to 7.53 billion yen in the previous period), and the declining rate is expected to decrease from 4.5% to 0.5%.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 12 yen to 14 yen (compared to 12 yen in the previous period).

Kabutan News

Guidance Update

First Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Prev	51,000	4,200	4,200	3,200	31.9	6	Aug 7, 2024	J-GAAP
Apr - Sep, 2024 New	51,100	5,140	5,240	4,080	40.7	6	Oct 23, 2024	J-GAAP
Revision Rate	+0.2%	+22.4%	+24.8%	+27.5%	+27.5%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	104,000	7,500	7,200	4,800	47.9	12	May 9, 2024	J-GAAP
Mar, 2025 New	102,000	7,600	7,500	5,200	51.9	14	Oct 23, 2024	J-GAAP
Revision Rate	-1.9%	+1.3%	+4.2%	+8.3%	+8.3%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	43,770	3,486	3,617	2,704	27.1	6	Nov 8, 2023	J-GAAP
Apr - Sep, 2024 Guidance	51,100	5,140	5,240	4,080	40.7	6	Oct 23, 2024	J-GAAP
YoY	+16.7%	+47.4%	+44.9%	+50.9%	+50.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	93,124	6,374	6,914	3,769	37.8	10	May 10, 2023	J-GAAP
Mar, 2024	98,218	7,368	7,537	4,750	47.5	12	May 9, 2024	J-GAAP
Mar, 2025 Guidance	102,000	7,600	7,500	5,200	51.9	14	Oct 23, 2024	J-GAAP
YoY	+3.9%	+3.1%	-0.5%	+9.5%	+9.2%