MITANI CORPORATIN, First Half Ordinary Profit Revised Upward to an Unexpected 10% Increase, Adds to Record High Profit, Full Year also Increased

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Mon Nov 11, 2024 4:00 pm JST Revision

8066 MITANI CORPORATIN 【J-GAAP】

Guidance Update Report

MITANI CORPORATIN <8066> [TSE-S] announced a performance revision after the market closed on November 11th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) has been revised upward by 15.7%, from the previous forecast of 13 billion yen to 15.1 billion yen (compared to 13.7 billion yen in the same period of the previous year), record profits reach five consecutive terms, turning to a 9.7% increase in the consolidated ordinary profit outlook.

Following the strong performance in the first half, the full-year consolidated ordinary profit has been revised upward by 3.7%, from the previous forecast of 26.8 billion yen to 27.8 billion yen (compared to 29.7 billion yen in the previous period), and the declining rate is expected to decrease from 9.8% to 6.5%.

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	150,000	12,000	13,050	7,950	93.9	27	Aug 8, 2024	J-GAAP
Apr - Sep, 2024 New	155,000	14,000	15,100	9,400	111.1	27	Nov 11, 2024	J-GAAP
Revision Rate	+3.3%	+16.7%	+15.7%	+18.2%	+18.2%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	300,000	25,000	26,800	15,300	182.8	50	Aug 8, 2024	J-GAAP
Mar, 2025 New	305,000	26,000	27,800	15,900	189.9	50	Nov 11, 2024	J-GAAP
Revision Rate	+1.7%	+4.0%	+3.7%	+3.9%	+3.9%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	156,654	11,166	13,768	8,613	96.5	26	Nov 14, 2023	J-GAAP
Apr - Sep, 2024 Guidance	155,000	14,000	15,100	9,400	111.1	27	Nov 11, 2024	J-GAAP
YoY	-1.1%	+25.4%	+9.7%	+9.1%	+15.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	320,281	21,674	24,347	14,864	165.6	40	May 15, 2023	J-GAAP
Mar, 2024	324,771	25,938	29,719	18,167	203.6	55	May 15, 2024	J-GAAP
Mar, 2025 Guidance	305,000	26,000	27,800	15,900	189.9	50	Nov 11, 2024	J-GAAP
YoY	-6.1%	+0.2%	-6.5%	-12.5%	-6.7%