kabutan

MIKIKOGYO CO.,LTD., July-September (3Q) Ordinary Profit Increases by 49%

Mon Oct 28, 2024 3:30 pm JST Earnings

1718 MIKIKOGYO CO.,LTD. 【J-GAAP】

Earnings Report

MIKIKOGYO CO.,LTD. <1718> [TSE-S] announced its financial results after the market closed on October 28th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 4.5% from the same period last year to 1.04 billion yen. However, The progress rate against the 1.2 billion yen full-year plan was 86.8%, almost the same as the five-year average of 87.2%.

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 October to December period (4Q) is expected to drop by 33.9% from the same period last year to 158 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit increased by 49.2% from the same period last year, reaching 494 million yen. The operating profit margin improved from 4.4% in the same period last year to 6.8%.

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
Jan - Sep, 2022 23,604 922 991 580 530.7 83.9 Oct 31, 2022 J-GAAP
Jan - Sep, 2023 23,697 1,085 1,091 667 610.6 82.0 Oct 30, 2023 J-GAAP
Jan - Sep, 2024 20,322 1,035 1,042 579 530.3 86.8 Oct 28, 2024 J-GAAP
YoY -14.2% -4.6% -4.5% -13.2% -13.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 15,969 559 570 342 313.1 150 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 14,875 677 652 340 311.1 100 Jul 29, 2024 J-GAAP
YoY -6.9% +21.1% +14.4% -0.6% -0.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 30,758 1,102 1,181 734 672.1 150 Feb 14, 2023 J-GAAP
Dec, 2023 32,203 1,316 1,330 839 768.0 230 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 28,000 1,220 1,200 700 640.5 200 Feb 14, 2024 J-GAAP
YoY -13.1% -7.3% -9.8% -16.6% -16.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 7,463 328 331 170 155.6 4.4 Oct 30, 2023 J-GAAP
Oct - Dec, 2023 8,506 231 239 172 157.4 2.7 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 7,417 503 480 258 236.1 6.8 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 5,708 40 68 102 93.4 0.7 Jul 29, 2024 J-GAAP
Jul - Sep, 2024 7,197 492 494 219 200.6 6.8 Oct 28, 2024 J-GAAP
YoY -3.6% +50.0% +49.2% +28.8% +28.9%

Related Articles