Mirai Works Inc., 25% Increase in Ordinary Profit, Update Record High for Third Consecutive Term

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Thu Nov 14, 2024 11:40 am JST Earnings

6563 Mirai Works Inc. 【J-GAAP】

Earnings Report

Mirai Works Inc. <6563> [TSE-G] announced its financial results at noon (11:40) on November 14th. The ordinary profit (non-consolidated) for the fiscal year ending September 2024 surged by 2.3 times that of the previous term, reaching 583 million yen. For the fiscal year ending September 2025, the profit is expected to grow by 25.2% to 730 million yen, marking the third consecutive term of record-high profits. This will be the thirteenth consecutive term of revenue and the third consecutive term of profit growth.

In the most recent three-month period, from July to September (4Q), the ordinary profit grew by 11.2% from the same period last year, reaching 139 million yen. However, the operating profit margin worsened from 5.6% in the same period last year to 4.9%.

Note: Since the fiscal year ending September 2024, the company has transitioned to non-consolidated financial statements.

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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	6,352	112	126	39	7.8	0	Nov 14, 2022	J-GAAP
Sep, 2023	8,369	235	250	129	25.2	0	Nov 14, 2023	J-GAAP
Sep, 2024	10,608	573	583	66	12.7	0	Nov 14, 2024	J-GAAP
YoY	+26.8%	+143.8%	+133.2%	-48.8%	-49.9%

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	10,500	570	570	20	3.8	0	Aug 14, 2024	J-GAAP
Sep, 2024 Results	10,608	573	583	66	12.7	0	Nov 14, 2024	J-GAAP
Revision Rate	+1.0%	+0.5%	+2.3%	+230.0%	+235.5%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	5,097	238	242	129	24.7	0	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	ー	ー	－	0	Nov 14, 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	8,369	235	250	129	25.2	0	Nov 14, 2023	J-GAAP
Sep, 2024	10,608	573	583	66	12.7	0	Nov 14, 2024	J-GAAP
Sep, 2025 Guidance	12,800	730	730	438	82.5	0	Nov 14, 2024	J-GAAP
YoY	+20.7%	+27.4%	+25.2%	+563.6%	+552.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,231	125	125	78	15.3	5.6	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	2,363	53	55	19	3.8	2.2	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	2,734	185	187	110	21.1	6.8	May 14, 2024	J-GAAP
Apr - Jun, 2024	2,720	198	202	-135	-26.1	7.3	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	2,791	137	139	72	13.8	4.9	Nov 14, 2024	J-GAAP
YoY	+25.1%	+9.6%	+11.2%	-7.7%	-9.6%