MUGEN ESTATE, 12% Increase in Ordinary Profit, Update Record High for Second Consecutive Term, Dividend Raised by 8 yen

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Fri Feb 14, 2025 2:00 pm JST Earnings

3299 MUGEN ESTATE Co.,Ltd. 【J-GAAP】

Earnings Report

MUGEN ESTATE Co.,Ltd. <3299> [TSE Std] announced its financial results in the afternoon session on February 14th (14:00). The consolidated ordinary profit for the fiscal year ending December 2024 expanded 68.9% from the previous period to 8.85 billion yen. In the fiscal year ending December 2025, the profit is expected to grow by 12.4% to 9.95 billion yen, marking the second consecutive term of record-high profits. This will be the third consecutive term of revenue and the fourth consecutive term of profit growth.

At the same time, the company has decided to increase the dividend this fiscal year to 112 yen, an increase of 8 yen from the previous fiscal year.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit surged 2.8 times that of the same period last year, reaching 1.86 billion yen. The operating profit margin drastically improved from 6.6% in the same period last year to 14.8%.

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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	31,242	2,976	2,309	1,564	66.6	20	Feb 14, 2023	J-GAAP
Dec, 2023	51,640	5,936	5,243	3,653	155.3	63	Feb 14, 2024	J-GAAP
Dec, 2024	62,187	9,623	8,858	6,086	259.5	104	Feb 14, 2025	J-GAAP
YoY	+20.4%	+62.1%	+68.9%	+66.6%	+67.1%

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	62,187	9,615	8,851	6,081	259.3	104	Jan 29, 2025	J-GAAP
Dec, 2024 Results	62,187	9,623	8,858	6,086	259.5	104	Feb 14, 2025	J-GAAP
Revision Rate	0.0%	+0.1%	+0.1%	+0.1%	+0.1%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	31,502	5,029	4,645	3,064	129.9	0	Aug 9, 2024	J-GAAP
Jan - Jun, 2025 Guidance	ー	ー	ー	ー	－	45	Feb 14, 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	51,640	5,936	5,243	3,653	155.3	63	Feb 14, 2024	J-GAAP
Dec, 2024	62,187	9,623	8,858	6,086	259.5	104	Feb 14, 2025	J-GAAP
Dec, 2025 Guidance	80,694	10,961	9,955	6,504	279.5	112	Feb 14, 2025	J-GAAP
YoY	+29.8%	+13.9%	+12.4%	+6.9%	+7.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	11,647	772	656	606	25.8	6.6	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	12,307	1,182	993	651	27.6	9.6	May 10, 2024	J-GAAP
Apr - Jun, 2024	19,195	3,847	3,652	2,413	102.3	20.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	16,850	2,548	2,353	1,549	65.9	15.1	Nov 14, 2024	J-GAAP
Oct - Dec, 2024	13,835	2,046	1,860	1,473	62.8	14.8	Feb 14, 2025	J-GAAP
YoY	+18.8%	+165.0%	+183.5%	+143.1%	+143.8%