kabutan

MEC COMPANY, 9% Increase in Ordinary Profit, Update Record High for Second Consecutive Term, Dividend Raised by 10 yen

Fri Feb 14, 2025 3:30 pm JST Earnings

4971 MEC COMPANY LTD. 【J-GAAP】

Earnings Report

MEC COMPANY LTD. <4971> [TSE Prime] announced its financial results after the market closed on February 14th (15:30). The consolidated ordinary profit for the fiscal year ending December 2024 expanded 74.5% from the previous period to 4.68 billion yen. In the fiscal year ending December 2025, the profit is expected to grow by 8.9% to 5.1 billion yen, marking the second consecutive term of record-high profits.

At the same time, the company has decided to increase the dividend this fiscal year to 55 yen, an increase of 10 yen from the previous fiscal year.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit grew 22.0% from the same period last year, reaching 0.98 billion yen. However, the operating profit margin decreased from 20.3% in the same period last year to 20.1%.

Kabutan News

Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 16,329 4,004 4,246 3,064 161.2 45 Feb 14, 2023 J-GAAP
Dec, 2023 14,020 2,492 2,683 2,304 122.3 45 Feb 14, 2024 J-GAAP
Dec, 2024 18,234 4,562 4,682 2,291 122.4 45 Feb 14, 2025 J-GAAP
YoY +30.1% +83.1% +74.5% -0.6% +0.1%

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 18,500 4,900 5,200 3,600 192.3 45 Aug 8, 2024 J-GAAP
Dec, 2024 Results 18,234 4,562 4,682 2,291 122.4 45 Feb 14, 2025 J-GAAP
Revision Rate -1.4% -6.9% -10.0% -36.4% -36.3%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 8,882 2,362 2,641 1,890 101.0 20 Aug 8, 2024 J-GAAP
Jan - Jun, 2025 Guidance 9,600 2,250 2,300 1,450 78.3 25 Feb 14, 2025 J-GAAP
YoY +8.1% -4.7% -12.9% -23.3% -22.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 14,020 2,492 2,683 2,304 122.3 45 Feb 14, 2024 J-GAAP
Dec, 2024 18,234 4,562 4,682 2,291 122.4 45 Feb 14, 2025 J-GAAP
Dec, 2025 Guidance 20,000 5,000 5,100 3,600 197.1 55 Feb 14, 2025 J-GAAP
YoY +9.7% +9.6% +8.9% +57.1% +61.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 4,039 821 805 597 31.7 20.3 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 4,354 1,053 1,132 779 41.6 24.2 May 10, 2024 J-GAAP
Apr - Jun, 2024 4,528 1,309 1,509 1,111 59.4 28.9 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 4,800 1,287 1,059 737 39.4 26.8 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 4,552 913 982 -336 -18.0 20.1 Feb 14, 2025 J-GAAP
YoY +12.7% +11.2% +22.0% － －

Related Articles