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Mortgage Service Japan Limited, The Current Fiscal Year Ordinary Profit Revised Upward by 20%, Dividend Revised Upward by 2 yen

Fri Feb 7, 2025 2:00 pm JST Earnings

7192 Mortgage Service Japan Limited 【J-GAAP】

Earnings Report

Mortgage Service Japan Limited <7192> [TSE Std] 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 10.9% from the same period last year to 1.05 billion yen.

However, the full-year consolidated ordinary profit has been revised upward 20.3%, from the previous forecast of 1.08 billion yen to 1.3 billion yen (compared to 1.39 billion yen in the previous period), and the declining rate is expected to decrease from 22.7% to 7.0%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 49.5%, from the previous forecast of 0.44 billion yen to 0.66 billion yen (compared to 0.63 billion yen in the same period of the previous year), turning to a 3.8% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 18 yen to 20 yen (compared to 20 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 0.41 billion yen, a 1.4% decrease compared to the same period last year. The operating profit margin decreased from 23.4% in the same period last year to 20.8%.

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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 5,491 1,244 1,245 910 61.9 84.6 Feb 6, 2023 J-GAAP
Apr - Dec, 2023 5,269 1,179 1,179 837 56.9 84.3 Feb 5, 2024 J-GAAP
Apr - Dec, 2024 5,566 1,050 1,051 734 50.0 80.8 Feb 7, 2025 J-GAAP
YoY +5.6% -10.9% -10.9% -12.3% -12.2%

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 3,664 442 442 282 19.2 18 Nov 5, 2024 J-GAAP
Oct - Mar, 2024 New 3,870 661 661 428 29.1 20 Feb 7, 2025 J-GAAP
Revision Rate +5.6% +49.5% +49.5% +51.8% +51.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 7,256 1,081 1,081 723 49.2 18 May 9, 2024 J-GAAP
Mar, 2025 New 7,462 1,300 1,300 869 59.1 20 Feb 7, 2025 J-GAAP
Revision Rate +2.8% +20.3% +20.3% +20.2% +20.2%

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 3,626 637 637 340 23.1 20 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,870 661 661 428 29.1 20 Feb 7, 2025 J-GAAP
YoY +6.7% +3.8% +3.8% +25.9% +25.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 7,325 1,471 1,471 1,002 68.2 20 May 8, 2023 J-GAAP
Mar, 2024 7,110 1,398 1,398 874 59.5 20 May 9, 2024 J-GAAP
Mar, 2025 Guidance 7,462 1,300 1,300 869 59.1 20 Feb 7, 2025 J-GAAP
YoY +5.0% -7.0% -7.0% -0.6% -0.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 1,785 418 418 303 20.6 23.4 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 1,841 219 219 37 2.5 11.9 May 9, 2024 J-GAAP
Apr - Jun, 2024 1,747 264 264 186 12.7 15.1 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 1,845 375 375 255 17.4 20.3 Nov 5, 2024 J-GAAP
Oct - Dec, 2024 1,974 411 412 293 20.0 20.8 Feb 7, 2025 J-GAAP
YoY +10.6% -1.7% -1.4% -3.3% -3.2%

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