MTI Ltd., 10% Increase in Ordinary Profit for The Current Fiscal Year, Increased Previous Year's Dividend by 1 yen, This Fiscal Year to Increase Dividend by 1 yen

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Thu Nov 7, 2024 2:00 pm JST Earnings

9438 MTI Ltd. 【J-GAAP】

Earnings Report

MTI Ltd. <9438> [TSE-P] announced its financial results in the afternoon session on November 7th (14:00). The consolidated ordinary profit for the fiscal year ending September 2024 surged by 6.2 times that of the previous term, reaching 2.82 billion yen. For the fiscal year ending September 2025, the profit is expected to grow by 9.7% to 3.1 billion yen. This will be the fourth consecutive term of revenue growth.

At the same time, the company increased the annual dividend for the previous term from 16 yen to 17 yen (compared to 16 yen in the prior term), and has decided to increase the dividend this fiscal year to 18 yen, an increase of 1 yen from the previous fiscal year.

In the most recent three-month period, from July to September (4Q), the consolidated ordinary profit increased by 51.1% from the same period last year, reaching 464 million yen. The operating profit margin significantly improved from 4.7% in the same period last year to 9.0%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2022	26,479	870	485	-930	-17.0	16	Nov 9, 2022	J-GAAP
Sep, 2023	26,798	298	458	753	13.7	16	Nov 8, 2023	J-GAAP
Sep, 2024	27,669	2,394	2,827	2,363	43.1	17	Nov 7, 2024	J-GAAP
YoY	+3.3%	+703.4%	+517.2%	+213.8%	+213.5%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Guidance	27,500	2,200	2,750	2,400	43.6	16	Aug 6, 2024	J-GAAP
Sep, 2024 Results	27,669	2,394	2,827	2,363	43.1	17	Nov 7, 2024	J-GAAP
Revision Rate	+0.6%	+8.8%	+2.8%	-1.5%	-1.3%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	13,517	1,052	1,518	1,558	28.4	8	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	14,000	1,350	1,400	730	13.3	9	Nov 7, 2024	J-GAAP
YoY	+3.6%	+28.3%	-7.8%	-53.1%	-53.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2023	26,798	298	458	753	13.7	16	Nov 8, 2023	J-GAAP
Sep, 2024	27,669	2,394	2,827	2,363	43.1	17	Nov 7, 2024	J-GAAP
Sep, 2025 Guidance	28,500	3,000	3,100	1,600	29.0	18	Nov 7, 2024	J-GAAP
YoY	+3.0%	+25.3%	+9.7%	-32.3%	-32.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	6,660	315	307	258	4.7	4.7	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	6,625	435	792	630	11.5	6.6	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	6,892	617	726	928	16.9	9.0	May 9, 2024	J-GAAP
Apr - Jun, 2024	7,019	700	845	685	12.5	10.0	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	7,133	642	464	120	2.2	9.0	Nov 7, 2024	J-GAAP
YoY	+7.1%	+103.8%	+51.1%	-53.5%	-53.4%