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MIE, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 7%

Fri Feb 7, 2025 3:00 pm JST Earnings

3442 MIE CORPORATION CO., LTD 【J-GAAP】

Earnings Report

MIE CORPORATION CO., LTD <3442> [NSE Main] announced its financial results in the afternoon session on February 7th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 7.3% from the same period last year to 405 million yen. However, the progress rate toward the full-year plan of 520 million yen was 77.9%, also surpassing the five-year average of 72.2%.

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 grow 16.2% from the same period last year, reaching 115 million yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 153 million yen, a 6.1% decrease compared to the same period last year. The operating profit margin worsened from 9.2% in the same period last year to 8.5%.

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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 4,923 382 319 208 173.4 74.0 Feb 10, 2023 J-GAAP
Apr - Dec, 2023 5,180 461 437 302 251.0 81.5 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 5,302 426 405 279 231.9 77.9 Feb 7, 2025 J-GAAP
YoY +2.4% -7.6% -7.3% -7.6% -7.6%

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 3,450 271 262 194 161.4 20 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,236 270 268 185 153.7 20 Nov 8, 2024 J-GAAP
YoY -6.2% -0.4% +2.3% -4.6% -4.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 6,579 498 431 358 298.1 0 May 12, 2023 J-GAAP
Mar, 2024 6,811 565 536 372 309.5 20 May 10, 2024 J-GAAP
Mar, 2025 Guidance 6,700 540 520 360 299.2 20 May 10, 2024 J-GAAP
YoY -1.6% -4.4% -3.0% -3.2% -3.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 1,819 167 163 124 103.1 9.2 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 1,631 104 99 70 58.3 6.4 May 10, 2024 J-GAAP
Apr - Jun, 2024 1,651 136 133 97 81.0 8.2 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,813 134 119 78 65.1 7.4 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 1,838 156 153 104 86.4 8.5 Feb 7, 2025 J-GAAP
YoY +1.0% -6.6% -6.1% -16.1% -16.1%

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