Mitsubishi Steel Mfg, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 4.9 times, Oct-Dec Ordinary Profit Turns to Profit

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Thu Feb 6, 2025 3:00 pm JST Earnings

5632 Mitsubishi Steel Mfg. Co.,Ltd. 【J-GAAP】

Earnings Report

Mitsubishi Steel Mfg. Co.,Ltd. <5632> [TSE Prime] announced its financial results in the afternoon session on February 6th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) surged 4.9 times that of the same period last year, reaching 4.11 billion yen. The progress rate toward the full-year plan of 6.2 billion yen was 66.3%, exceeding the five-year average of 55.5%.

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 for the January to March period (4Q) is expected to expand 87.7% from the same period last year, reaching 2.08 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a profit of 2.45 billion yen (compared to a loss of 1.23 billion yen in the same period last year). The operating profit/loss margin significantly improved from -0.2% in the same period last year to 4.7%.

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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	126,447	2,873	1,946	1,234	80.4	52.0	Feb 3, 2023	J-GAAP
Apr - Dec, 2023	125,961	2,783	837	-565	-37.0	42.9	Feb 7, 2024	J-GAAP
Apr - Dec, 2024	119,587	4,991	4,113	1,008	66.5	66.3	Feb 6, 2025	J-GAAP
YoY	-5.1%	+79.3%	+391.4%	－	－

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	83,323	1,936	-122	-1,891	-123.9	35	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	84,484	4,837	4,537	3,268	216.1	34	Nov 7, 2024	J-GAAP
YoY	+1.4%	+149.8%	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	170,537	5,547	3,743	2,190	142.6	50	May 15, 2023	J-GAAP
Mar, 2024	169,943	4,808	1,949	-969	-63.5	60	May 13, 2024	J-GAAP
Mar, 2025 Guidance	165,000	8,000	6,200	3,300	218.3	64	Nov 7, 2024	J-GAAP
YoY	-2.9%	+66.4%	+218.1%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	39,341	-89	-1,234	-1,487	-97.4	-0.2	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	43,982	2,025	1,112	-404	-26.5	4.6	May 13, 2024	J-GAAP
Apr - Jun, 2024	40,569	1,344	1,244	147	9.7	3.3	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	39,947	1,819	419	-115	-7.6	4.6	Nov 7, 2024	J-GAAP
Oct - Dec, 2024	39,071	1,828	2,450	976	64.4	4.7	Feb 6, 2025	J-GAAP
YoY	-0.7%	－	－	－	－