MITANI SANGYO CO.,LTD., First Half Ordinary Profit Decreases by 2%

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Thu Oct 31, 2024 2:00 pm JST Earnings

8285 MITANI SANGYO CO.,LTD. 【J-GAAP】

Earnings Report

MITANI SANGYO CO.,LTD. <8285> [TSE-S] announced its financial results in the afternoon session on October 31st (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 1.16 billion yen, a 1.6% decrease compared to the same period last year. The progress rate against the 2.2 billion yen full-year plan was 52.9%, also surpassing the five-year average of 34.1%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 17.8% from the same period last year to 1.03 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 853 million yen, a 9.7% decrease compared to the same period last year. The operating profit margin worsened from 3.2% in the same period last year to 2.9%.

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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	43,545	-42	351	96	1.6	20.5	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	45,904	804	1,182	873	14.2	48.4	Oct 27, 2023	J-GAAP
Apr - Sep, 2024	48,719	755	1,163	1,271	20.7	52.9	Oct 31, 2024	J-GAAP
YoY	+6.1%	-6.1%	-1.6%	+45.6%	+45.5%

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	ー	ー	ー	ー	－	4.50	Apr 30, 2024	J-GAAP
Apr - Sep, 2024 Results	48,719	755	1,163	1,271	20.7	4.50	Oct 31, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	49,953	862	1,261	1,195	19.4	4.50	Apr 30, 2024	J-GAAP
Oct - Mar, 2024 Guidance	52,281	945	1,037	479	7.8	4.50	Oct 31, 2024	J-GAAP
YoY	+4.7%	+9.6%	-17.8%	-59.9%	-59.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	90,416	978	1,716	960	15.6	9	Apr 28, 2023	J-GAAP
Mar, 2024	95,857	1,666	2,443	2,068	33.6	9	Apr 30, 2024	J-GAAP
Mar, 2025 Guidance	101,000	1,700	2,200	1,750	28.4	9	Apr 30, 2024	J-GAAP
YoY	+5.4%	+2.0%	-9.9%	-15.4%	-15.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	24,601	795	945	568	9.2	3.2	Oct 27, 2023	J-GAAP
Oct - Dec, 2023	23,657	474	763	962	15.6	2.0	Jan 30, 2024	J-GAAP
Jan - Mar, 2024	26,296	388	498	233	3.8	1.5	Apr 30, 2024	J-GAAP
Apr - Jun, 2024	22,599	3	310	297	4.8	0.0	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	26,120	752	853	974	15.8	2.9	Oct 31, 2024	J-GAAP
YoY	+6.2%	-5.4%	-9.7%	+71.5%	+71.4%