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Mie Kotsu, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 18%, Exceeds Full-Year Plan

Wed Feb 5, 2025 3:30 pm JST Earnings

3232 Mie Kotsu Group Holdings,Inc. 【J-GAAP】

Earnings Report

Mie Kotsu Group Holdings,Inc. <3232> [TSE Prime] announced its financial results after the market closed on February 5th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 18.5% from the same period last year, reaching 7.74 billion yen. The progress rate toward the full-year plan of 7.5 billion yen is 103.3%, already exceeding the target and also exceeding the five-year average of 73.2%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the January to March period (4Q) is expected to turn into a loss of 0.24 billion yen (compared to a profit of 0.99 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 2.5 billion yen, a 14.2% decrease compared to the same period last year. The operating profit margin decreased from 11.0% in the same period last year to 9.8%.

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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 65,660 4,415 4,891 3,680 36.9 70.7 Feb 8, 2023 J-GAAP
Apr - Dec, 2023 69,704 6,348 6,540 4,875 48.8 86.8 Feb 7, 2024 J-GAAP
Apr - Dec, 2024 76,002 7,582 7,747 5,935 59.3 103.3 Feb 5, 2025 J-GAAP
YoY +9.0% +19.4% +18.5% +21.7% +21.5%

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 54,448 3,882 3,920 2,046 20.5 6 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 50,888 2,451 2,260 1,119 11.2 8 Nov 7, 2024 J-GAAP
YoY -6.5% -36.9% -42.3% -45.3% -45.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 93,124 6,374 6,914 3,769 37.8 10 May 10, 2023 J-GAAP
Mar, 2024 98,218 7,368 7,537 4,750 47.5 12 May 9, 2024 J-GAAP
Mar, 2025 Guidance 102,000 7,600 7,500 5,200 51.9 14 Oct 23, 2024 J-GAAP
YoY +3.9% +3.1% -0.5% +9.5% +9.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 25,934 2,862 2,923 2,171 21.7 11.0 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 28,514 1,020 997 -125 -1.3 3.6 May 9, 2024 J-GAAP
Apr - Jun, 2024 25,263 2,565 2,730 2,084 20.8 10.2 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 25,849 2,584 2,510 1,997 20.0 10.0 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 24,890 2,433 2,507 1,854 18.5 9.8 Feb 5, 2025 J-GAAP
YoY -4.0% -15.0% -14.2% -14.6% -14.8%

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