MIMAKI ENGINEERING CO.,LTD., First Half Ordinary Profit Revised Upward by 19%, Exceeded record profit forecast, Full Year also Increased, Dividend Revised Upward by 2.5 yen

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Tue Nov 5, 2024 11:30 am JST Revision

6638 MIMAKI ENGINEERING CO.,LTD. 【J-GAAP】

Guidance Update Report

MIMAKI ENGINEERING CO.,LTD. <6638> [TSE-P] announced a revision to its performance and dividend at noon (11:30) on November 5th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) has been revised upward by 19.4%, from the previous forecast of 3.6 billion yen to 4.3 billion yen (compared to 2.01 billion yen in the same period of the previous year), increasing the growth rate from 78.7% to 2.1 times. The company has further increased its previous forecast of record profits for the first time in ten years.

Following the strong performance in the first half, the full-year consolidated ordinary profit has been revised upward by 10.3%, from the previous forecast of 6.8 billion yen to 7.5 billion yen (compared to 4.88 billion yen in the previous period), increasing the growth rate from 39.3% to 53.6%, further surpassing the previous forecast of record-high profits for three consecutive terms.

At the same time, the dividend for the first half of this fiscal year has been increased from the original plan of 15 yen to 17.5 yen (compared to 10 yen in the same period of the previous year), resulting in the annual dividend of 32.5 yen.

Kabutan News

Guidance Update

First Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Prev	40,900	3,900	3,600	2,550	88.4	15	Aug 1, 2024	J-GAAP
Apr - Sep, 2024 New	40,900	4,650	4,300	3,250	112.7	17.50	Nov 5, 2024	J-GAAP
Revision Rate	0.0%	+19.2%	+19.4%	+27.5%	+27.5%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	82,500	7,400	6,800	4,900	169.8	30	Aug 1, 2024	J-GAAP
Mar, 2025 New	82,500	8,250	7,500	5,600	194.1	32.50	Nov 5, 2024	J-GAAP
Revision Rate	0.0%	+11.5%	+10.3%	+14.3%	+14.3%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	35,437	2,331	2,014	1,412	49.1	10	Nov 14, 2023	J-GAAP
Apr - Sep, 2024 Guidance	40,900	4,650	4,300	3,250	112.7	17.50	Nov 5, 2024	J-GAAP
YoY	+15.4%	+99.5%	+113.5%	+130.2%	+129.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	70,607	4,241	3,789	2,807	97.6	17.50	May 15, 2023	J-GAAP
Mar, 2024	75,631	5,480	4,882	3,707	128.8	25	May 13, 2024	J-GAAP
Mar, 2025 Guidance	82,500	8,250	7,500	5,600	194.1	32.50	Nov 5, 2024	J-GAAP
YoY	+9.1%	+50.5%	+53.6%	+51.1%	+50.7%