MINO CERAMIC, Oct-Dec (3Q) Ordinary Profit Decreases by 25%

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Thu Feb 13, 2025 3:50 pm JST Earnings

5356 MINO CERAMIC CO.,LTD. 【J-GAAP】

Earnings Report

MINO CERAMIC CO.,LTD. <5356> [TSE Std] announced its financial results after the market closed on February 13th (15:50). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 8.7% from the same period last year, reaching 1.04 billion yen. However, the progress rate toward the full-year plan of 1.6 billion yen was 65.1%, also falling below the five-year average of 68.6%.

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 grow 9.4% from the same period last year, reaching 0.55 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 0.26 billion yen, a 25.1% decrease compared to the same period last year. The operating profit margin worsened from 9.7% in the same period last year to 7.1%.

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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	10,125	842	951	650	63.5	62.2	Feb 9, 2023	J-GAAP
Apr - Dec, 2023	10,125	849	959	660	64.4	65.3	Feb 14, 2024	J-GAAP
Apr - Dec, 2024	10,600	956	1,042	732	71.5	65.1	Feb 13, 2025	J-GAAP
YoY	+4.7%	+12.6%	+8.7%	+10.9%	+11.0%

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	7,216	811	868	644	62.9	18	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	8,268	783	826	569	55.5	16	Nov 14, 2024	J-GAAP
YoY	+14.6%	-3.5%	-4.8%	-11.6%	-11.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	14,609	1,394	1,528	1,072	104.6	25	May 15, 2023	J-GAAP
Mar, 2024	14,159	1,352	1,469	1,054	102.9	28	May 15, 2024	J-GAAP
Mar, 2025 Guidance	15,500	1,500	1,600	1,100	107.3	32	May 15, 2024	J-GAAP
YoY	+9.5%	+10.9%	+8.9%	+4.4%	+4.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	3,182	308	358	250	24.4	9.7	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	4,034	503	510	394	38.5	12.5	May 15, 2024	J-GAAP
Apr - Jun, 2024	3,283	253	304	202	19.8	7.7	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	3,949	464	470	329	32.1	11.7	Nov 14, 2024	J-GAAP
Oct - Dec, 2024	3,368	239	268	201	19.6	7.1	Feb 13, 2025	J-GAAP
YoY	+5.8%	-22.4%	-25.1%	-19.6%	-19.6%