MITACHI CO.,LTD., First Half Ordinary Profit Revised Upward by 67%, Full Year also Increased

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Fri Nov 22, 2024 3:30 pm JST Revision

3321 MITACHI CO.,LTD. 【J-GAAP】

Guidance Update Report

MITACHI CO.,LTD. <3321> [TSE-S] announced a performance revision after the market closed on November 22nd (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending May 2025 (June to November) has been revised upward by 66.7%, from the previous forecast of 600 million yen to 1 billion yen (compared to 1.02 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 41.4% to 2.3%.

Following the strong performance in the first half, the full-year consolidated ordinary profit has been revised upward by 16.7%, from the previous forecast of 1.8 billion yen to 2.1 billion yen (compared to 1.7 billion yen in the previous period), increasing the growth rate from 5.5% to 23.1%.

Kabutan News

Guidance Update

First Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2024 Prev	30,000	600	600	400	50.2	25	Jul 5, 2024	J-GAAP
Jun - Nov, 2024 New	40,000	900	1,000	600	75.3	25	Nov 22, 2024	J-GAAP
Revision Rate	+33.3%	+50.0%	+66.7%	+50.0%	+50.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2025 Prev	80,000	1,800	1,800	1,250	156.9	50	Jul 5, 2024	J-GAAP
May, 2025 New	90,000	1,900	2,100	1,350	169.4	50	Nov 22, 2024	J-GAAP
Revision Rate	+12.5%	+5.6%	+16.7%	+8.0%	+8.0%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2023	20,048	935	1,024	705	88.6	20	Dec 27, 2023	J-GAAP
Jun - Nov, 2024 Guidance	40,000	900	1,000	600	75.3	25	Nov 22, 2024	J-GAAP
YoY	+99.5%	-3.7%	-2.3%	-14.9%	-15.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2023	43,271	2,490	2,452	1,693	212.9	65	Jul 7, 2023	J-GAAP
May, 2024	38,899	1,591	1,706	1,222	153.5	45	Jul 5, 2024	J-GAAP
May, 2025 Guidance	90,000	1,900	2,100	1,350	169.4	50	Nov 22, 2024	J-GAAP
YoY	+131.4%	+19.4%	+23.1%	+10.5%	+10.4%