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MITSUBA, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 4%

Wed Feb 12, 2025 1:00 pm JST Earnings

7280 MITSUBA Corporation 【J-GAAP】

Earnings Report

MITSUBA Corporation <7280> [TSE Prime] announced its financial results in the afternoon session on February 12th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 4.2% from the same period last year to 15 billion yen. However, the progress rate toward the full-year plan of 16.5 billion yen was 91.2%, also surpassing the five-year average of 62.3%.

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 significant drop 78.1% from the same period last year to 1.45 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 6.26 billion yen, a 12.7% decrease compared to the same period last year. The operating profit margin worsened from 8.2% in the same period last year to 6.2%.

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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 237,090 3,594 3,862 -210 -19.9 63.8 Feb 8, 2023 J-GAAP
Apr - Dec, 2023 256,872 14,451 15,711 10,161 217.0 70.3 Feb 14, 2024 J-GAAP
Apr - Dec, 2024 257,378 15,607 15,046 10,470 225.0 91.2 Feb 12, 2025 J-GAAP
YoY +0.2% +8.0% -4.2% +3.0% +3.7%

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 178,134 14,173 13,808 9,230 197.2 6 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 167,270 8,235 7,716 4,220 94.3 10 Nov 13, 2024 J-GAAP
YoY -6.1% -41.9% -44.1% -54.3% -52.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 319,500 6,718 6,049 1,185 26.5 3 May 10, 2023 J-GAAP
Mar, 2024 344,154 21,152 22,344 13,741 293.6 6 May 10, 2024 J-GAAP
Mar, 2025 Guidance 338,000 18,500 16,500 11,000 245.8 10 Nov 13, 2024 J-GAAP
YoY -1.8% -12.5% -26.2% -19.9% -16.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 90,852 7,472 7,175 5,650 120.7 8.2 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 87,282 6,701 6,633 3,580 76.5 7.7 May 10, 2024 J-GAAP
Apr - Jun, 2024 84,436 4,479 4,543 3,399 75.8 5.3 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 86,294 5,786 4,241 3,381 73.3 6.7 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 86,648 5,342 6,262 3,690 79.3 6.2 Feb 12, 2025 J-GAAP
YoY -4.6% -28.5% -12.7% -34.7% -34.3%

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