Mitsubishi Research Institute, Inc., 17% Increase in Ordinary Profit for The Current Fiscal Year

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Wed Oct 30, 2024 4:00 pm JST Earnings

3636 Mitsubishi Research Institute, Inc. 【J-GAAP】

Earnings Report

Mitsubishi Research Institute, Inc. <3636> [TSE-P] announced its financial results after the market closed on October 30th (16:00). The consolidated ordinary profit for the fiscal year ending September 2024 decreased by 18.5% from the previous period to 8.14 billion yen. For the fiscal year ending September 2025, the profit is expected to grow by 16.6% to 9.5 billion yen.

In the most recent three-month period, from July to September (4Q), the consolidated ordinary profit significantly dropped to 7 million yen, a 98.6% decrease compared to the same period last year. The operating profit margin worsened from 1.2% in the same period last year to 0.0%.

Kabutan News

Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2022	116,620	9,165	10,493	7,707	474.7	140	Nov 4, 2022	J-GAAP
Sep, 2023	122,126	8,688	10,002	6,287	392.3	150	Oct 31, 2023	J-GAAP
Sep, 2024	115,362	7,060	8,147	5,003	316.4	160	Oct 30, 2024	J-GAAP
YoY	-5.5%	-18.7%	-18.5%	-20.4%	-19.3%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Guidance	116,000	7,500	8,800	5,200	330.4	160	Jul 30, 2024	J-GAAP
Sep, 2024 Results	115,362	7,060	8,147	5,003	316.4	160	Oct 30, 2024	J-GAAP
Revision Rate	-0.5%	-5.9%	-7.4%	-3.8%	-4.2%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	66,534	8,601	9,341	6,212	391.2	80	Apr 25, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	ー	ー	－	80	Oct 30, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2023	122,126	8,688	10,002	6,287	392.3	150	Oct 31, 2023	J-GAAP
Sep, 2024	115,362	7,060	8,147	5,003	316.4	160	Oct 30, 2024	J-GAAP
Sep, 2025 Guidance	128,000	8,300	9,500	5,600	355.8	160	Oct 30, 2024	J-GAAP
YoY	+11.0%	+17.6%	+16.6%	+11.9%	+12.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	25,248	302	483	353	22.0	1.2	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	27,668	2,037	2,437	1,178	74.1	7.4	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	38,866	6,564	6,904	5,034	317.0	16.9	Apr 25, 2024	J-GAAP
Apr - Jun, 2024	23,720	-1,542	-1,201	-1,362	-86.0	-6.5	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	25,108	1	7	153	9.7	0.0	Oct 30, 2024	J-GAAP
YoY	-0.6%	-99.7%	-98.6%	-56.7%	-56.1%