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MUGEN ESTATE Co.,Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 53%, July-September Ordinary Profit Increases by 41%

Thu Nov 14, 2024 2:00 pm JST Earnings

3299 MUGEN ESTATE Co.,Ltd. 【J-GAAP】

Earnings Report

MUGEN ESTATE Co.,Ltd. <3299> [TSE-S] announced its financial results in the afternoon session on November 14th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to 6.99 billion yen, an increase of 52.6% compared to the same period last year. The progress rate against the 8.15 billion yen full-year plan was 85.8%, also surpassing the five-year average of 75.2%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to expand by 76.2% from the same period last year, reaching 1.15 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit increased by 41.0% from the same period last year, reaching 2.35 billion yen. The operating profit margin rose from 13.5% in the same period last year to 15.1%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2022 21,709 1,978 1,491 1,017 43.3 64.6 Nov 14, 2022 J-GAAP
Jan - Sep, 2023 39,993 5,164 4,587 3,047 129.6 87.5 Nov 14, 2023 J-GAAP
Jan - Sep, 2024 48,352 7,577 6,998 4,613 196.2 85.8 Nov 14, 2024 J-GAAP
YoY +20.9% +46.7% +52.6% +51.4% +51.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 25,393 2,633 2,325 1,724 73.3 63 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 29,722 3,916 3,509 2,308 99.2 92 Nov 5, 2024 J-GAAP
YoY +17.0% +48.7% +50.9% +33.9% +35.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 31,242 2,976 2,309 1,564 66.6 20 Feb 14, 2023 J-GAAP
Dec, 2023 51,640 5,936 5,243 3,653 155.3 63 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 61,224 8,945 8,154 5,372 230.9 92 Nov 5, 2024 J-GAAP
YoY +18.6% +50.7% +55.5% +47.1% +48.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 13,746 1,861 1,669 1,118 47.5 13.5 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 11,647 772 656 606 25.8 6.6 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 12,307 1,182 993 651 27.6 9.6 May 10, 2024 J-GAAP
Apr - Jun, 2024 19,195 3,847 3,652 2,413 102.3 20.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 16,850 2,548 2,353 1,549 65.9 15.1 Nov 14, 2024 J-GAAP
YoY +22.6% +36.9% +41.0% +38.6% +38.6%

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