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Miroku, Returning to Profitability This Year, Dividend to Cut by 2 yen

Fri Dec 13, 2024 3:30 pm JST Earnings

7983 Miroku Corporation 【J-GAAP】

Earnings Report

Miroku Corporation <7983> [TSE Std] announced its financial results after the market closed on December 13th (15:30). The consolidated ordinary profit/loss for the fiscal year ending October 2024 turned into a loss of 263 million yen (compared to a profit of 795 million yen in the previous period). For the fiscal year ending October 2025, the profit is expected to recover to profit of 250 million yen.

At the same time, the company has decided to reduce the dividend this fiscal year to 10 yen, a decrease of 2 yen from the previous fiscal year.

In the most recent three-month period, from August to October (4Q), the consolidated ordinary loss expanded to a loss of 380 million yen (compared to a loss of 36 million yen in the same period last year). The operating profit/loss margin drastically worsened from -2.5% in the same period last year to -15.2%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2022 11,471 659 808 512 173.6 40 Dec 15, 2022 J-GAAP
Oct, 2023 11,887 553 795 481 163.1 45 Dec 15, 2023 J-GAAP
Oct, 2024 10,918 -519 -263 -2,294 -777.7 12 Dec 13, 2024 J-GAAP
YoY -8.2% － － － －

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2024 Guidance 10,918 -519 -263 -2,294 -777.7 12 Dec 6, 2024 J-GAAP
Oct, 2024 Results 10,918 -519 -263 -2,294 -777.7 12 Dec 13, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov - Apr, 2023 5,411 5 99 25 8.7 10 Jun 10, 2024 J-GAAP
Nov - Apr, 2024 Guidance ー ー ー ー － 5 Dec 13, 2024 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2023 11,887 553 795 481 163.1 45 Dec 15, 2023 J-GAAP
Oct, 2024 10,918 -519 -263 -2,294 -777.7 12 Dec 13, 2024 J-GAAP
Oct, 2025 Guidance 13,260 100 250 180 61.0 10 Dec 13, 2024 J-GAAP
YoY +21.5% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Aug - Oct, 2023 3,130 -78 -36 -77 -26.1 -2.5 Dec 15, 2023 J-GAAP
Nov - Jan, 2023 2,638 80 142 86 29.4 3.0 Mar 11, 2024 J-GAAP
Feb - Apr, 2024 2,773 -75 -43 -61 -21.3 -2.7 Jun 10, 2024 J-GAAP
May - Jul, 2024 2,627 -86 18 -16 -5.7 -3.3 Sep 13, 2024 J-GAAP
Aug - Oct, 2024 2,880 -438 -380 -2,303 -780.7 -15.2 Dec 13, 2024 J-GAAP
YoY -8.0% -461.5% -955.6% -2,890.9% -2,889.0%

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