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Mitsuchi Corporation, July-September (1Q) Operating Profit Turns to Profit, Current Fiscal Year Dividend Revised Upward by 2 yen

Thu Oct 31, 2024 3:30 pm JST Earnings

3439 Mitsuchi Corporation 【J-GAAP】

Earnings Report

Mitsuchi Corporation <3439> [TSE-S] announced its financial results after the market closed on October 31st (15:30). The consolidated operating profit/loss for the first quarter of the fiscal year ending June 2025 (July to September) turned into a profit of 125 million yen (compared to a loss of 5 million yen in the same period last year). The progress rate against the 182 million yen plan for the six months ending December (first half) was 68.7%.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 18 yen to 20 yen (compared to 24.5 yen in the previous period).

In the most recent three-month period, from July to September (1Q), the operating profit/loss margin significantly improved from -0.2% in the same period last year to 3.9%.

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Actual Results

Accumulated Results 1st Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jul - Sep, 2022 3,037 -26 33 14 2.8 73.3 Oct 31, 2022 J-GAAP
Jul - Sep, 2023 3,188 -5 33 9 1.8 13.4 Oct 31, 2023 J-GAAP
Jul - Sep, 2024 3,176 125 48 27 5.5 21.7 Oct 31, 2024 J-GAAP
YoY -0.4% － +45.5% +200.0% +200.5%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2025 Prev 13,872 352 382 306 65.6 18 Jul 31, 2024 J-GAAP
Jun, 2025 New 13,872 352 382 306 65.6 20 Oct 31, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 6,793 220 247 161 31.8 9.50 Jan 31, 2024 J-GAAP
Jul - Dec, 2024 Guidance 7,004 182 221 173 34.2 10 Jul 31, 2024 J-GAAP
YoY +3.1% -17.3% -10.5% +7.5% +7.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2023 12,555 -31 141 -32 -6.4 0 Jul 31, 2023 J-GAAP
Jun, 2024 13,147 466 637 419 82.8 24.50 Jul 31, 2024 J-GAAP
Jun, 2025 Guidance 13,872 352 382 306 65.6 20 Oct 31, 2024 J-GAAP
YoY +5.5% -24.5% -40.0% -27.0% -20.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,188 -5 33 9 1.8 -0.2 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 3,605 225 214 152 30.1 6.2 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 3,164 176 242 166 32.8 5.6 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 3,190 70 148 92 18.2 2.2 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 3,176 125 48 27 5.5 3.9 Oct 31, 2024 J-GAAP
YoY -0.4% － +45.5% +200.0% +200.5%

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