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

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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%.

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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%