Mipox Corporation, The Current Fiscal Year Operating Profit Revised Upward by 29%, The Undetermined Dividend Set at 10 yen, Resuming The Undetermined Dividends for the First Time in Two Terms

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Thu Nov 14, 2024 4:00 pm JST Earnings

5381 Mipox Corporation 【J-GAAP】

Earnings Report

Mipox Corporation <5381> [TSE-S] announced its financial results after the market closed on November 14th (16:00). The consolidated operating profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 639 million yen (compared to a loss of 509 million yen in the same period last year).

In addition, the full-year consolidated operating profit has been revised upward by 28.6%, from the previous forecast of 700 million yen to 900 million yen (compared to a loss of 442 million yen in the previous period).

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated operating profit for the October to March period (second half) is expected to surge by 3.9 times that of the same period last year, reaching 261 million yen.

In light of the strong performance, the company has decided to implement a year-end lump-sum dividend of 10 yen for the current fiscal year, which was previously undecided, reinstating dividends for the first time in two terms.

In the most recent three-month period, from July to September (2Q), the consolidated operating profit/loss turned to a profit of profit of 353 million yen (compared to a loss of 173 million yen in the same period last year). The operating profit/loss margin drastically improved from -7.0% in the same period last year to 11.5%.

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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	5,469	357	725	588	41.4	170.2	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	4,326	-509	-369	-396	-27.8	ー	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	5,632	639	443	458	32.2	55.4	Nov 14, 2024	J-GAAP
YoY	+30.2%	－	－	－	－

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	－	0	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	5,632	639	443	458	32.2	0	Nov 14, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	10,000	700	800	600	42.1	－	Aug 9, 2024	J-GAAP
Mar, 2025 New	10,000	900	800	600	42.1	10	Nov 14, 2024	J-GAAP
Revision Rate	0.0%	+28.6%	0.0%	0.0%	0.0%

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	5,028	67	183	-12	-0.8	0	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	4,368	261	357	142	10.0	10	Nov 14, 2024	J-GAAP
YoY	-13.1%	+289.6%	+95.1%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	10,029	212	426	45	3.2	10	May 15, 2023	J-GAAP
Mar, 2024	9,354	-442	-186	-408	-28.7	0	May 15, 2024	J-GAAP
Mar, 2025 Guidance	10,000	900	800	600	42.1	10	Nov 14, 2024	J-GAAP
YoY	+6.9%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,459	-173	-138	-221	-15.5	-7.0	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	2,318	47	47	48	3.4	2.0	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	2,710	20	136	-60	-4.2	0.7	May 15, 2024	J-GAAP
Apr - Jun, 2024	2,565	286	382	405	28.5	11.2	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	3,067	353	61	53	3.7	11.5	Nov 14, 2024	J-GAAP
YoY	+24.7%	－	－	－	－