MINO CERAMIC CO.,LTD., First Half Ordinary Profit Increases by 29%, July-September Ordinary Profit Increases by 14%

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Thu Nov 14, 2024 3:40 pm JST Earnings

5356 MINO CERAMIC CO.,LTD. 【J-GAAP】

Earnings Report

MINO CERAMIC CO.,LTD. <5356> [TSE-S] announced its financial results after the market closed on November 14th (15:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 28.8% from the same period last year, reaching 774 million yen. However, The progress rate against the 1.6 billion yen full-year plan was 48.4%, almost the same as the five-year average of 50.1%.

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 decrease by 4.8% from the same period last year to 826 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 14.4% from the same period last year, reaching 470 million yen. The operating profit margin rose from 10.1% in the same period last year to 11.7%.

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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	6,716	556	609	400	39.1	39.9	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	6,943	541	601	410	40.1	40.9	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	7,232	717	774	531	51.8	48.4	Nov 14, 2024	J-GAAP
YoY	+4.2%	+32.5%	+28.8%	+29.5%	+29.3%

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	－	16	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	7,232	717	774	531	51.8	16	Nov 14, 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	7,216	811	868	644	62.9	18	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	8,268	783	826	569	55.5	16	Nov 14, 2024	J-GAAP
YoY	+14.6%	-3.5%	-4.8%	-11.6%	-11.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	14,609	1,394	1,528	1,072	104.6	25	May 15, 2023	J-GAAP
Mar, 2024	14,159	1,352	1,469	1,054	102.9	28	May 15, 2024	J-GAAP
Mar, 2025 Guidance	15,500	1,500	1,600	1,100	107.3	32	May 15, 2024	J-GAAP
YoY	+9.5%	+10.9%	+8.9%	+4.4%	+4.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,803	383	411	288	28.1	10.1	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	3,182	308	358	250	24.4	9.7	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	4,034	503	510	394	38.5	12.5	May 15, 2024	J-GAAP
Apr - Jun, 2024	3,283	253	304	202	19.8	7.7	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	3,949	464	470	329	32.1	11.7	Nov 14, 2024	J-GAAP
YoY	+3.8%	+21.1%	+14.4%	+14.2%	+14.1%