MIYAJI ENGINEERING, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 13%

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Fri Feb 7, 2025 3:00 pm JST Earnings

3431 MIYAJI ENGINEERING GROUP, INC. 【J-GAAP】

Earnings Report

MIYAJI ENGINEERING GROUP, INC. <3431> [TSE Prime] 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) increased 13.2% from the same period last year, reaching 7.68 billion yen. The progress rate toward the full-year plan of 8.6 billion yen was 89.4%, also surpassing the five-year average of 79.2%.

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 decrease 18.4% from the same period last year to 0.91 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 3.05 billion yen, a 17.4% decrease compared to the same period last year. The operating profit margin decreased from 18.7% in the same period last year to 16.6%.

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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	43,806	4,297	4,509	2,627	96.5	83.9	Feb 8, 2023	J-GAAP
Apr - Dec, 2023	52,309	6,801	6,789	3,701	136.0	85.8	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	53,929	7,448	7,687	3,721	138.7	89.4	Feb 7, 2025	J-GAAP
YoY	+3.1%	+9.5%	+13.2%	+0.5%	+2.0%

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	37,671	4,953	4,819	2,578	94.7	53.50	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	36,900	4,020	3,968	1,742	65.7	55	Nov 8, 2024	J-GAAP
YoY	-2.0%	-18.8%	-17.7%	-32.4%	-30.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	60,279	5,127	5,373	3,077	113.1	35	May 15, 2023	J-GAAP
Mar, 2024	69,365	7,904	7,908	4,354	160.0	96	May 14, 2024	J-GAAP
Mar, 2025 Guidance	73,000	8,500	8,600	4,000	150.8	97.50	Nov 8, 2024	J-GAAP
YoY	+5.2%	+7.5%	+8.8%	-8.1%	-5.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	20,615	3,850	3,700	1,925	70.7	18.7	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	17,056	1,103	1,119	653	24.0	6.5	May 14, 2024	J-GAAP
Apr - Jun, 2024	15,692	1,210	1,309	722	26.5	7.7	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	20,408	3,270	3,323	1,536	56.9	16.0	Nov 8, 2024	J-GAAP
Oct - Dec, 2024	17,829	2,968	3,055	1,463	54.5	16.6	Feb 7, 2025	J-GAAP
YoY	-13.5%	-22.9%	-17.4%	-24.0%	-22.9%