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Mizuno Corporation, First Half Ordinary Profit Increases by 7%

Fri Nov 8, 2024 3:30 pm JST Earnings

8022 Mizuno Corporation 【J-GAAP】

Earnings Report

Mizuno Corporation <8022> [TSE-P] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 7.2% from the same period last year, reaching 11.3 billion yen. The progress rate against the 20.5 billion yen full-year plan was 55.2%, also surpassing the five-year average of 47.3%.

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 5.2% from the same period last year, reaching 9.19 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 3.91 billion yen, a 7.4% decrease compared to the same period last year. However, the operating profit margin improved from 6.9% in the same period last year to 7.9%.

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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 99,204 8,140 8,545 6,429 83.9 60.9 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 114,506 9,294 10,552 7,782 101.5 54.7 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 119,613 11,151 11,308 8,097 105.5 55.2 Nov 8, 2024 J-GAAP
YoY +4.5% +20.0% +7.2% +4.0% +4.0%

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 ー ー ー ー － 20 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 119,613 11,151 11,308 8,097 105.5 20 Nov 8, 2024 J-GAAP
Revision Rate － － － － －

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 115,205 7,985 8,736 6,529 85.1 28.33 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 130,387 7,849 9,192 6,903 90.0 20 Nov 8, 2024 J-GAAP
YoY +13.2% -1.7% +5.2% +5.7% +5.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 212,044 12,945 14,039 9,910 129.2 23.33 May 12, 2023 J-GAAP
Mar, 2024 229,711 17,279 19,288 14,311 186.6 40 May 10, 2024 J-GAAP
Mar, 2025 Guidance 250,000 19,000 20,500 15,000 195.5 40 May 10, 2024 J-GAAP
YoY +8.8% +10.0% +6.3% +4.8% +4.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 57,330 3,950 4,224 3,112 40.6 6.9 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 53,540 4,444 4,493 3,540 46.2 8.3 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 61,665 3,541 4,243 2,989 39.0 5.7 May 10, 2024 J-GAAP
Apr - Jun, 2024 60,783 6,498 7,398 5,135 67.0 10.7 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 58,830 4,653 3,910 2,962 38.6 7.9 Nov 8, 2024 J-GAAP
YoY +2.6% +17.8% -7.4% -4.8% -4.8%

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