MIT Holdings, 47% Increase in Ordinary Profit, Update Record High for Second Consecutive Term, Increased Previous Year's Dividend by 4 yen, This Fiscal Year to Increase Dividend by 11 yen

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Tue Jan 14, 2025 4:00 pm JST Earnings

4016 MIT Holdings CO.,LTD. 【J-GAAP】

Earnings Report

MIT Holdings CO.,LTD. <4016> [TSE Std] announced its financial results after the market closed on January 14th (16:00). The consolidated ordinary profit for the fiscal year ending November 2024 increased 98.9% from the previous period to 187 million yen. In the fiscal year ending November 2025, the profit is expected to expand to 46.5% to 274 million yen, marking the second consecutive term of record-high profits. This will be the tenth consecutive term of revenue growth.

At the same time, the company increased the annual dividend for the previous term from 15 yen to 19 yen (compared to 8 yen in the prior term), and has decided to significantly increase the dividend this fiscal year to 30 yen, an increase of 11 yen from the previous fiscal year.

In the most recent three-month period, from September to November (4Q), the consolidated ordinary profit dropped to 28 million yen, a 39.1% decrease compared to the same period last year. The operating profit margin worsened from 3.5% in the same period last year to 2.3%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2022	4,357	120	120	45	22.4	7	Jan 13, 2023	J-GAAP
Nov, 2023	4,786	84	94	47	24.0	8	Jan 12, 2024	J-GAAP
Nov, 2024	5,240	197	187	124	62.9	19	Jan 14, 2025	J-GAAP
YoY	+9.5%	+134.5%	+98.9%	+163.8%	+162.1%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2024 Guidance	5,260	200	186	99	50.0	15	Jan 12, 2024	J-GAAP
Nov, 2024 Results	5,240	197	187	124	62.9	19	Jan 14, 2025	J-GAAP
Revision Rate	-0.4%	-1.5%	+0.5%	+25.3%	+25.9%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec - May, 2023	2,540	109	101	61	31.2	0	Jul 12, 2024	J-GAAP
Dec - May, 2024 Guidance	ー	ー	ー	ー	－	0	Jan 14, 2025	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2023	4,786	84	94	47	24.0	8	Jan 12, 2024	J-GAAP
Nov, 2024	5,240	197	187	124	62.9	19	Jan 14, 2025	J-GAAP
Nov, 2025 Guidance	5,700	285	274	170	85.5	30	Jan 14, 2025	J-GAAP
YoY	+8.8%	+44.7%	+46.5%	+37.1%	+35.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	1,271	44	46	37	18.9	3.5	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	1,241	53	53	31	16.1	4.3	Apr 12, 2024	J-GAAP
Mar - May, 2024	1,299	56	48	30	15.4	4.3	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	1,331	57	58	35	17.7	4.3	Oct 15, 2024	J-GAAP
Sep - Nov, 2024	1,369	31	28	28	14.2	2.3	Jan 14, 2025	J-GAAP
YoY	+7.7%	-29.5%	-39.1%	-24.3%	-24.8%