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

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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	60.5	18	Jul 31, 2024	J-GAAP
Jun, 2025 New	13,872	352	382	306	60.5	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	60.5	20	Oct 31, 2024	J-GAAP
YoY	+5.5%	-24.5%	-40.0%	-27.0%	-27.0%

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%