Mizuno, Oct-Dec (3Q) Ordinary Profit Increases by 25%, Current Fiscal Year Dividend Revised Upward by 30 yen

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Fri Feb 7, 2025 1:00 pm JST Earnings

8022 Mizuno Corporation 【J-GAAP】

Earnings Report

Mizuno Corporation <8022> [TSE Prime] announced its financial results in the afternoon session on February 7th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 12.5% from the same period last year, reaching 16.9 billion yen. The progress rate toward the full-year plan of 20.5 billion yen was 82.6%, also surpassing the five-year average of 69.4%.

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 decrease 15.8% from the same period last year to 3.57 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 120 yen to 150 yen (compared to 120 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 25.1% from the same period last year, reaching 5.62 billion yen. The operating profit margin improved from 8.3% in the same period last year to 8.7%.

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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	147,402	10,154	10,579	7,822	102.0	75.4	Feb 8, 2023	J-GAAP
Apr - Dec, 2023	168,046	13,738	15,045	11,322	147.6	78.0	Feb 8, 2024	J-GAAP
Apr - Dec, 2024	175,364	16,003	16,928	12,609	164.3	82.6	Feb 7, 2025	J-GAAP
YoY	+4.4%	+16.5%	+12.5%	+11.4%	+11.3%

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	130,387	7,849	9,192	6,903	90.0	20	Nov 8, 2024	J-GAAP
Oct - Mar, 2024 New	130,387	7,849	9,192	6,903	90.0	30	Feb 7, 2025	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	250,000	19,000	20,500	15,000	195.5	40	May 10, 2024	J-GAAP
Mar, 2025 New	250,000	19,000	20,500	15,000	195.5	50	Feb 7, 2025	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	115,205	7,985	8,736	6,529	85.1	28.33	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	130,387	7,849	9,192	6,903	90.0	30	Feb 7, 2025	J-GAAP
YoY	+13.2%	-1.7%	+5.2%	+5.7%	+5.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	212,044	12,945	14,039	9,910	129.2	23.33	May 12, 2023	J-GAAP
Mar, 2024	229,711	17,279	19,288	14,311	186.6	40	May 10, 2024	J-GAAP
Mar, 2025 Guidance	250,000	19,000	20,500	15,000	195.5	50	Feb 7, 2025	J-GAAP
YoY	+8.8%	+10.0%	+6.3%	+4.8%	+4.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	53,540	4,444	4,493	3,540	46.2	8.3	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	61,665	3,541	4,243	2,989	39.0	5.7	May 10, 2024	J-GAAP
Apr - Jun, 2024	60,783	6,498	7,398	5,135	67.0	10.7	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	58,830	4,653	3,910	2,962	38.6	7.9	Nov 8, 2024	J-GAAP
Oct - Dec, 2024	55,751	4,852	5,620	4,512	58.8	8.7	Feb 7, 2025	J-GAAP
YoY	+4.1%	+9.2%	+25.1%	+27.5%	+27.4%