MITSUBOSHI CO., LTD., July-September (2Q) Ordinary Profit Decreases by 46%

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.

Thu Oct 31, 2024 4:00 pm JST Earnings

5820 MITSUBOSHI CO., LTD. 【J-GAAP】

Earnings Report

MITSUBOSHI CO., LTD. <5820> [TSE-S] announced its financial results after the market closed on October 31st (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 51 million yen, an increase of 45.7% compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 8.6% decrease.

However, The progress rate against the 145 million yen full-year plan was 35.2%, also falling below the five-year average of 51.1%.

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 grow by 23.7% from the same period last year, reaching 94 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 28 million yen, a 46.2% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 0.7% in the same period last year to 0.6%.

Kabutan News

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	4,877	95	142	-107	-31.2	69.6	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	4,877	0	35	94	27.5	31.5	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	5,361	31	51	40	11.9	35.2	Oct 31, 2024	J-GAAP
YoY	+9.9%	－	+45.7%	-57.4%	-56.6%

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	5,300	41	32	29	8.4	0	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	5,361	31	51	40	11.9	0	Oct 31, 2024	J-GAAP
Revision Rate	+1.2%	-24.4%	+59.4%	+37.9%	+41.3%

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	5,452	60	76	29	8.5	17	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	5,639	109	94	65	18.9	17	Oct 31, 2024	J-GAAP
YoY	+3.4%	+81.7%	+23.7%	+124.1%	+122.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	9,946	155	204	-68	-19.9	16.67	May 12, 2023	J-GAAP
Mar, 2024	10,329	60	111	123	35.9	17	May 14, 2024	J-GAAP
Mar, 2025 Guidance	11,000	140	145	105	30.5	17	May 14, 2024	J-GAAP
YoY	+6.5%	+133.3%	+30.6%	-14.6%	-15.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,468	17	52	42	12.3	0.7	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	2,769	35	47	27	7.9	1.3	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	2,683	25	29	2	0.6	0.9	May 14, 2024	J-GAAP
Apr - Jun, 2024	2,682	15	23	13	4.0	0.6	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	2,679	16	28	27	8.0	0.6	Oct 31, 2024	J-GAAP
YoY	+8.5%	-5.9%	-46.2%	-35.7%	-34.5%