Mitsubishi Research Institute, Oct-Dec (1Q) Ordinary Profit Decreases by 20%

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Wed Feb 5, 2025 4:00 pm JST Earnings

3636 Mitsubishi Research Institute, Inc. 【J-GAAP】

Earnings Report

Mitsubishi Research Institute, Inc. <3636> [TSE Prime] announced its financial results after the market closed on February 5th (16:00). The consolidated ordinary profit for the first quarter of the fiscal year ending September 2025 (October to December) decreased 20.5% from the same period last year to 1.93 billion yen. The progress rate toward the full-year plan of 9.5 billion yen was 20.4%, almost the same as the five-year average of 22.8%.

In the most recent three-month period, from October to December (1Q), the operating profit margin worsened from 7.4% in the same period last year to 5.3%.

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Actual Results

Accumulated Results 1st Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Oct - Dec, 2022	27,459	2,358	2,677	1,261	77.6	27.2	Feb 6, 2023	J-GAAP
Oct - Dec, 2023	27,668	2,037	2,437	1,178	74.1	26.1	Feb 5, 2024	J-GAAP
Oct - Dec, 2024	27,706	1,480	1,938	991	63.0	ー	Feb 5, 2025	J-GAAP
YoY	+0.1%	-27.3%	-20.5%	-15.9%	-15.0%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	66,534	8,601	9,341	6,212	391.2	80	Apr 25, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	ー	ー	－	80	Oct 30, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2023	122,126	8,688	10,002	6,287	392.3	150	Oct 31, 2023	J-GAAP
Sep, 2024	115,362	7,060	8,147	5,003	316.4	160	Oct 30, 2024	J-GAAP
Sep, 2025 Guidance	128,000	8,300	9,500	5,600	355.7	160	Oct 30, 2024	J-GAAP
YoY	+11.0%	+17.6%	+16.6%	+11.9%	+12.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	27,668	2,037	2,437	1,178	74.1	7.4	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	38,866	6,564	6,904	5,034	317.0	16.9	Apr 25, 2024	J-GAAP
Apr - Jun, 2024	23,720	-1,542	-1,201	-1,362	-86.0	-6.5	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	25,108	1	7	153	9.7	0.0	Oct 30, 2024	J-GAAP
Oct - Dec, 2024	27,706	1,480	1,938	991	63.0	5.3	Feb 5, 2025	J-GAAP
YoY	+0.1%	-27.3%	-20.5%	-15.9%	-15.0%