Mori-Gumi, Oct-Dec (3Q) Ordinary Profit Increases by 14%

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Thu Feb 13, 2025 3:00 pm JST Earnings

1853 Mori-Gumi Co.,Ltd. 【J-GAAP】

Earnings Report

Mori-Gumi Co.,Ltd. <1853> [TSE Std] announced its financial results in the afternoon session on February 13th (15:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 15.7% from the same period last year to 0.77 billion yen. The progress rate toward the full-year plan of 1.04 billion yen was 74.1%, which was higher than the five-year average of 58.3%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the January to March period (4Q) is expected to surge 2.3 times that of the same period last year, reaching 0.26 billion yen.

In the most recent three-month period, from October to December (3Q), the ordinary profit grew 13.8% from the same period last year, reaching 0.45 billion yen. The operating profit margin improved from 5.3% in the same period last year to 6.3%.

Kabutan News

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	17,854	357	327	204	6.2	41.1	Feb 8, 2023	J-GAAP
Apr - Dec, 2023	20,677	954	915	609	18.6	88.6	Feb 7, 2024	J-GAAP
Apr - Dec, 2024	22,441	794	771	512	15.7	74.1	Feb 13, 2025	J-GAAP
YoY	+8.5%	-16.8%	-15.7%	-15.9%	-15.8%

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	14,328	515	518	346	10.6	14	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	14,647	694	724	496	15.1	14	Nov 13, 2024	J-GAAP
YoY	+2.2%	+34.8%	+39.8%	+43.4%	+43.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	24,620	833	795	523	16.0	14	May 12, 2023	J-GAAP
Mar, 2024	27,582	1,072	1,033	685	20.9	14	May 14, 2024	J-GAAP
Mar, 2025 Guidance	30,000	1,040	1,040	700	21.4	14	May 14, 2024	J-GAAP
YoY	+8.8%	-3.0%	+0.7%	+2.2%	+2.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	7,423	397	400	270	8.3	5.3	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	6,905	118	118	76	2.3	1.7	May 14, 2024	J-GAAP
Apr - Jun, 2024	7,854	102	99	61	1.9	1.3	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	7,499	244	217	143	4.4	3.3	Nov 13, 2024	J-GAAP
Oct - Dec, 2024	7,088	448	455	308	9.4	6.3	Feb 13, 2025	J-GAAP
YoY	-4.5%	+12.8%	+13.8%	+14.1%	+14.2%