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MITANI SANGYO, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 6% Increase

Fri Jan 31, 2025 2:00 pm JST Earnings

8285 MITANI SANGYO CO.,LTD. 【J-GAAP】

Earnings Report

MITANI SANGYO CO.,LTD. <8285> [TSE Std] announced its financial results in the afternoon session on January 31st (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 19.7% from the same period last year, reaching 2.32 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 18.2%, from the previous forecast of 2.2 billion yen to 2.6 billion yen (compared to 2.44 billion yen in the previous period), turning to a 6.4% increase in the consolidated ordinary profit outlook.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 38.6%, from the previous forecast of 1.03 billion yen to 1.43 billion yen (compared to 1.26 billion yen in the same period of the previous year), turning to a 14.0% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 52.7% from the same period last year, reaching 1.16 billion yen. The operating profit margin improved from 2.0% in the same period last year to 3.3%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 66,024 222 875 419 6.8 51.0 Jan 27, 2023 J-GAAP
Apr - Dec, 2023 69,561 1,278 1,945 1,835 29.8 79.6 Jan 30, 2024 J-GAAP
Apr - Dec, 2024 75,892 1,653 2,328 1,949 31.7 89.5 Jan 31, 2025 J-GAAP
YoY +9.1% +29.3% +19.7% +6.2% +6.3%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 52,281 945 1,037 479 7.8 4.50 Oct 31, 2024 J-GAAP
Oct - Mar, 2024 New 53,281 1,265 1,437 1,009 16.4 4.50 Jan 31, 2025 J-GAAP
Revision Rate +1.9% +33.9% +38.6% +110.6% +110.7%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 101,000 1,700 2,200 1,750 28.4 9 Apr 30, 2024 J-GAAP
Mar, 2025 New 102,000 2,020 2,600 2,280 37.0 9 Jan 31, 2025 J-GAAP
Revision Rate +1.0% +18.8% +18.2% +30.3% +30.3%

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 49,953 862 1,261 1,195 19.4 4.50 Apr 30, 2024 J-GAAP
Oct - Mar, 2024 Guidance 53,281 1,265 1,437 1,009 16.4 4.50 Jan 31, 2025 J-GAAP
YoY +6.7% +46.8% +14.0% -15.6% -15.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 90,416 978 1,716 960 15.6 9 Apr 28, 2023 J-GAAP
Mar, 2024 95,857 1,666 2,443 2,068 33.6 9 Apr 30, 2024 J-GAAP
Mar, 2025 Guidance 102,000 2,020 2,600 2,280 37.0 9 Jan 31, 2025 J-GAAP
YoY +6.4% +21.2% +6.4% +10.3% +10.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 23,657 474 763 962 15.6 2.0 Jan 30, 2024 J-GAAP
Jan - Mar, 2024 26,296 388 498 233 3.8 1.5 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 22,599 3 310 297 4.8 0.0 Jul 30, 2024 J-GAAP
Jul - Sep, 2024 26,120 752 853 974 15.8 2.9 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 27,173 898 1,165 678 11.0 3.3 Jan 31, 2025 J-GAAP
YoY +14.9% +89.5% +52.7% -29.5% -29.4%

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