MITSUBISHI PENCIL, 6% Increase in Ordinary Profit, Update Record High for Third Consecutive Term, Increased Previous Year's Dividend by 2 yen, This Fiscal Year to Increase Dividend by 2 yen

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Thu Feb 13, 2025 3:30 pm JST Earnings

7976 MITSUBISHI PENCIL CO.,LTD. 【J-GAAP】

Earnings Report

MITSUBISHI PENCIL CO.,LTD. <7976> [TSE Prime] announced its financial results after the market closed on February 13th (15:30). The consolidated ordinary profit for the fiscal year ending December 2024 increased 0.5% from the previous period to 12.9 billion yen exceeding the previous forecast of 12 billion yen and resulted in an increase in profit, a complete reversal from the forecast for a decline in profit. In the fiscal year ending December 2025, the profit is expected to grow by 5.8% to 13.7 billion yen, marking the third consecutive term of record-high profits. This will be the fifth consecutive term of revenue and profit growth.

At the same time, the company increased the annual dividend for the previous term from 44 yen to 46 yen (compared to 40 yen in the prior term), and has decided to increase the dividend this fiscal year to 48 yen, an increase of 2 yen from the previous fiscal year.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit grew 23.2% from the same period last year, reaching 4.65 billion yen. However, the operating profit margin decreased from 17.3% in the same period last year to 16.6%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	68,997	9,243	10,128	6,951	125.7	35	Feb 13, 2023	J-GAAP
Dec, 2023	74,801	11,851	12,889	10,166	186.8	40	Feb 16, 2024	J-GAAP
Dec, 2024	88,820	12,189	12,952	11,272	204.8	46	Feb 13, 2025	J-GAAP
YoY	+18.7%	+2.9%	+0.5%	+10.9%	+9.7%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Guidance	87,000	11,500	12,000	10,800	195.2	44	Oct 31, 2024	J-GAAP
Dec, 2024 Results	88,820	12,189	12,952	11,272	204.8	46	Feb 13, 2025	J-GAAP
Revision Rate	+2.1%	+6.0%	+7.9%	+4.4%	+4.9%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	42,434	5,251	6,419	6,671	122.2	21	Jul 30, 2024	J-GAAP
Jan - Jun, 2025 Guidance	ー	ー	ー	ー	－	24	Feb 13, 2025	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	74,801	11,851	12,889	10,166	186.8	40	Feb 16, 2024	J-GAAP
Dec, 2024	88,820	12,189	12,952	11,272	204.8	46	Feb 13, 2025	J-GAAP
Dec, 2025 Guidance	93,000	13,100	13,700	9,600	175.7	48	Feb 13, 2025	J-GAAP
YoY	+4.7%	+7.5%	+5.8%	-14.8%	-14.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	21,672	3,758	3,777	3,944	72.5	17.3	Feb 16, 2024	J-GAAP
Jan - Mar, 2024	20,073	3,065	3,468	2,137	39.3	15.3	Apr 25, 2024	J-GAAP
Apr - Jun, 2024	22,361	2,186	2,951	4,534	83.1	9.8	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	20,478	2,631	1,881	1,008	18.4	12.8	Oct 31, 2024	J-GAAP
Oct - Dec, 2024	25,908	4,307	4,652	3,593	65.3	16.6	Feb 13, 2025	J-GAAP
YoY	+19.5%	+14.6%	+23.2%	-8.9%	-9.9%