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

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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%