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Mitsubishi Materials, The Current Fiscal Year Ordinary Profit Revised Downward by 6%

Thu Feb 13, 2025 3:30 pm JST Earnings

5711 Mitsubishi Materials Corporation 【J-GAAP】

Earnings Report

Mitsubishi Materials Corporation <5711> [TSE Prime] announced its financial results after the market closed on February 13th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 56.8 billion yen, an increase 30.2% compared to the same period last year.

However, the full-year consolidated ordinary profit has decreased 6.3%, from the previous forecast of 63 billion yen to 59 billion yen (compared to 54.1 billion yen in the previous period), leading to a reduction in the profit growth rate from 16.4% to 9.1%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has decreased 10.5%, from the previous forecast of 38 billion yen to 34 billion yen (compared to 35.6 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 4.5% decrease in profit.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 26.5% from the same period last year, reaching 31.9 billion yen. The operating profit margin remained almost flat, changing from 0.9% in the same period last year to 1.0%.

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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 1,243,565 37,975 24,962 1,110 8.5 98.6 Feb 10, 2023 J-GAAP
Apr - Dec, 2023 1,081,585 15,410 43,651 24,600 188.3 80.7 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 1,483,695 32,296 56,847 49,173 376.4 96.4 Feb 13, 2025 J-GAAP
YoY +37.2% +109.6% +30.2% +99.9% +99.9%

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 960,408 13,419 38,085 20,331 155.6 50 Nov 8, 2024 J-GAAP
Oct - Mar, 2024 New 990,408 12,419 34,085 12,331 94.4 50 Feb 13, 2025 J-GAAP
Revision Rate +3.1% -7.5% -10.5% -39.3% -39.3%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 1,950,000 41,000 63,000 45,000 344.4 100 May 14, 2024 J-GAAP
Mar, 2025 New 1,980,000 40,000 59,000 37,000 283.2 100 Feb 13, 2025 J-GAAP
Revision Rate +1.5% -2.4% -6.3% -17.8% -17.8%

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 824,443 11,326 35,684 18,673 142.9 47 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 990,408 12,419 34,085 12,331 94.4 50 Feb 13, 2025 J-GAAP
YoY +20.1% +9.7% -4.5% -34.0% -34.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 1,625,933 50,076 25,306 20,330 155.6 50 May 12, 2023 J-GAAP
Mar, 2024 1,540,642 23,276 54,102 29,793 228.1 94 May 14, 2024 J-GAAP
Mar, 2025 Guidance 1,980,000 40,000 59,000 37,000 283.2 100 Feb 13, 2025 J-GAAP
YoY +28.5% +71.9% +9.1% +24.2% +24.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 365,386 3,460 25,233 13,480 103.2 0.9 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 459,057 7,866 10,451 5,193 39.8 1.7 May 14, 2024 J-GAAP
Apr - Jun, 2024 513,701 12,810 18,627 20,954 160.4 2.5 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 475,891 14,771 6,288 3,715 28.4 3.1 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 494,103 4,715 31,932 24,504 187.6 1.0 Feb 13, 2025 J-GAAP
YoY +35.2% +36.3% +26.5% +81.8% +81.8%

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