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

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%

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