MITANI CORPORATIN, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 5% Increase, Raises Record High Profit, Dividend Revised Upward by 6 yen

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Fri Feb 14, 2025 2:00 pm JST Earnings

8066 MITANI CORPORATIN 【J-GAAP】

Earnings Report

MITANI CORPORATIN <8066> [TSE Std] announced its financial results in the afternoon session on February 14th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 13.7% from the same period last year, reaching 24.4 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 11.9%, from the previous forecast of 27.8 billion yen to 31.1 billion yen (compared to 29.7 billion yen in the previous period), record profits reach three consecutive terms, turning to a 4.6% increase in the consolidated ordinary profit outlook.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has been revised upward 26.6%, from the previous forecast of 12.4 billion yen to 15.7 billion yen (compared to 15.9 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 22.2% to 1.5%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 57 yen to 63 yen (compared to 55 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 17.3% from the same period last year, reaching 9.01 billion yen. The operating profit margin improved from 8.8% in the same period last year to 9.3%.

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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	235,732	15,257	17,283	10,340	115.1	71.0	Feb 14, 2023	J-GAAP
Apr - Dec, 2023	241,176	18,581	21,453	13,519	151.4	72.2	Feb 14, 2024	J-GAAP
Apr - Dec, 2024	246,346	22,528	24,400	15,043	174.7	78.5	Feb 14, 2025	J-GAAP
YoY	+2.1%	+21.2%	+13.7%	+11.3%	+15.4%

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	146,955	11,715	12,412	6,171	73.8	24	Nov 14, 2024	J-GAAP
Oct - Mar, 2024 New	161,955	14,715	15,712	8,671	103.6	30	Feb 14, 2025	J-GAAP
Revision Rate	+10.2%	+25.6%	+26.6%	+40.5%	+40.5%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	305,000	26,000	27,800	15,900	190.1	57	Nov 14, 2024	J-GAAP
Mar, 2025 New	320,000	29,000	31,100	18,400	219.9	63	Feb 14, 2025	J-GAAP
Revision Rate	+4.9%	+11.5%	+11.9%	+15.7%	+15.7%

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	168,117	14,772	15,951	9,554	107.1	29	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	161,955	14,715	15,712	8,671	103.6	30	Feb 14, 2025	J-GAAP
YoY	-3.7%	-0.4%	-1.5%	-9.2%	-3.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	320,281	21,674	24,347	14,864	165.6	40	May 15, 2023	J-GAAP
Mar, 2024	324,771	25,938	29,719	18,167	203.6	55	May 15, 2024	J-GAAP
Mar, 2025 Guidance	320,000	29,000	31,100	18,400	219.9	63	Feb 14, 2025	J-GAAP
YoY	-1.5%	+11.8%	+4.6%	+1.3%	+8.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	84,522	7,415	7,685	4,906	55.0	8.8	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	83,595	7,357	8,266	4,648	52.1	8.8	May 15, 2024	J-GAAP
Apr - Jun, 2024	76,749	6,407	7,459	4,694	53.1	8.3	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	81,296	7,878	7,929	5,035	57.8	9.7	Nov 14, 2024	J-GAAP
Oct - Dec, 2024	88,301	8,243	9,012	5,314	61.7	9.3	Feb 14, 2025	J-GAAP
YoY	+4.5%	+11.2%	+17.3%	+8.3%	+12.3%