Mito Securities Co., Ltd., July-September (2Q) Ordinary Profit Decreases by 33%

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Wed Oct 30, 2024 1:20 pm JST Earnings

8622 Mito Securities Co., Ltd. 【J-GAAP】

Earnings Report

Mito Securities Co., Ltd. <8622> [TSE-P] announced its financial results in the afternoon session on October 30th (13:20). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 6.8% from the same period last year, reaching 1.36 billion yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit dropped to 338 million yen, a 33.3% decrease compared to the same period last year. The operating profit margin decreased from 13.2% in the same period last year to 9.2%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	5,770	-34	238	169	2.6	128.0	Oct 28, 2022	J-GAAP
Apr - Sep, 2023	6,990	1,042	1,273	1,045	16.2	45.4	Oct 30, 2023	J-GAAP
Apr - Sep, 2024	7,212	1,098	1,360	1,108	17.3	ー	Oct 30, 2024	J-GAAP
YoY	+3.2%	+5.4%	+6.8%	+6.0%	+7.1%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	7,226	1,102	1,364	1,112	17.5	15	Oct 17, 2024	J-GAAP
Apr - Sep, 2024 Results	7,212	1,098	1,360	1,108	17.3	15	Oct 30, 2024	J-GAAP
Revision Rate	-0.2%	-0.4%	-0.3%	-0.4%	-0.7%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	7,564	1,349	1,530	1,291	20.0	14	Apr 26, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	ー	ー	－	－	Apr 26, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	11,196	-268	186	773	12.0	22	Apr 28, 2023	J-GAAP
Mar, 2024	14,554	2,391	2,803	2,336	36.2	24	Apr 26, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	ー	ー	－	－	Apr 26, 2024	J-GAAP
YoY	－	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,420	450	507	322	5.0	13.2	Oct 30, 2023	J-GAAP
Oct - Dec, 2023	3,191	271	414	275	4.3	8.5	Jan 30, 2024	J-GAAP
Jan - Mar, 2024	4,373	1,078	1,116	1,016	15.7	24.7	Apr 26, 2024	J-GAAP
Apr - Jun, 2024	4,043	805	1,022	850	13.2	19.9	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	3,169	293	338	258	4.0	9.2	Oct 30, 2024	J-GAAP
YoY	-7.3%	-34.9%	-33.3%	-19.9%	-19.0%