Mullion Co., Ltd., 5% Increase in Ordinary Profit, Update Record High for Second Consecutive Term, Increased Previous Year's Dividend by 0.4 yen, This Fiscal Year to Increase Dividend by 0.2 yen

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Wed Nov 13, 2024 3:30 pm JST Earnings

3494 Mullion Co., Ltd. 【J-GAAP】

Earnings Report

Mullion Co., Ltd. <3494> [TSE-S] announced its financial results after the market closed on November 13th (15:30). The ordinary profit (non-consolidated) for the fiscal year ending September 2024 surged by 3.3 times that of the previous term, reaching 522 million yen. For the fiscal year ending September 2025, the profit is expected to grow by 5.4% to 550 million yen, marking the second consecutive term of record-high profits. This will be the fourth consecutive term of revenue and the third consecutive term of profit growth.

At the same time, the company increased the annual dividend for the previous term from 4.8 yen to 5.2 yen (compared to 14 yen before the 1-to-5 stock split in the previous term), and has decided to increase the dividend this fiscal year to 5.4 yen, an increase of 0.2 yen from the previous fiscal year.

In the most recent three-month period, from July to September (4Q), the ordinary profit/loss turned to a profit of profit of 344 million yen (compared to a loss of 50 million yen in the same period last year). The operating profit margin drastically improved from 0.0% in the same period last year to 27.3%.

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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	2,159	226	90	60	7.7	2	Nov 14, 2022	J-GAAP
Sep, 2023	2,808	382	160	142	18.2	2.80	Nov 13, 2023	J-GAAP
Sep, 2024	2,876	695	522	342	43.7	5.20	Nov 13, 2024	J-GAAP
YoY	+2.4%	+81.9%	+226.3%	+140.8%	+140.2%

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	2,870	670	490	340	43.4	4.80	Aug 13, 2024	J-GAAP
Sep, 2024 Results	2,876	695	522	342	43.7	5.20	Nov 13, 2024	J-GAAP
Revision Rate	+0.2%	+3.7%	+6.5%	+0.6%	+0.6%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	1,077	237	148	101	13.0	0	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	ー	ー	－	0	Nov 13, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2023	2,808	382	160	142	18.2	2.80	Nov 13, 2023	J-GAAP
Sep, 2024	2,876	695	522	342	43.7	5.20	Nov 13, 2024	J-GAAP
Sep, 2025 Guidance	3,000	730	550	360	46.0	5.40	Nov 13, 2024	J-GAAP
YoY	+4.3%	+5.0%	+5.4%	+5.3%	+5.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	376	0	-50	-3	-0.4	0.0	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	421	106	63	42	5.5	25.2	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	656	131	85	59	7.6	20.0	May 14, 2024	J-GAAP
Apr - Jun, 2024	385	72	30	21	2.7	18.7	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	1,414	386	344	220	28.1	27.3	Nov 13, 2024	J-GAAP
YoY	+276.1%	－	－	－	－