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Mitsuboshi Belting, Oct-Dec (3Q) Ordinary Profit Increases by 52%

Fri Feb 7, 2025 2:00 pm JST Earnings

5192 Mitsuboshi Belting Ltd. 【J-GAAP】

Earnings Report

Mitsuboshi Belting Ltd. <5192> [TSE Prime] announced its financial results in the afternoon session on February 7th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 4.1% from the same period last year to 7.23 billion yen. However, the progress rate toward the full-year plan of 8.6 billion yen was 84.2%, also surpassing the five-year average of 76.3%.

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 drop 33.7% from the same period last year to 1.36 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 52.3% from the same period last year, reaching 2.95 billion yen. However, the operating profit margin worsened from 9.9% in the same period last year to 8.8%.

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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 63,827 7,280 8,026 5,609 197.5 76.6 Feb 8, 2023 J-GAAP
Apr - Dec, 2023 63,036 6,225 7,549 5,133 181.0 78.6 Feb 7, 2024 J-GAAP
Apr - Dec, 2024 67,868 6,523 7,237 8,287 292.5 84.2 Feb 7, 2025 J-GAAP
YoY +7.7% +4.8% -4.1% +61.4% +61.6%

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 41,986 3,622 3,994 3,509 123.7 125 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 43,049 4,502 4,314 3,209 114.0 90 Nov 8, 2024 J-GAAP
YoY +2.5% +24.3% +8.0% -8.5% -7.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 82,911 9,030 10,471 7,071 249.1 250 May 12, 2023 J-GAAP
Mar, 2024 84,014 7,759 9,605 7,102 250.4 250 May 14, 2024 J-GAAP
Mar, 2025 Guidance 88,500 9,050 8,600 9,300 330.4 180 May 14, 2024 J-GAAP
YoY +5.3% +16.6% -10.5% +30.9% +32.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 21,008 2,088 1,938 1,540 54.3 9.9 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 20,978 1,534 2,056 1,969 69.4 7.3 May 14, 2024 J-GAAP
Apr - Jun, 2024 22,443 1,591 2,320 4,438 156.5 7.1 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 23,008 2,957 1,966 1,653 58.3 12.9 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 22,417 1,975 2,951 2,196 77.5 8.8 Feb 7, 2025 J-GAAP
YoY +6.7% -5.4% +52.3% +42.6% +42.8%

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