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Mitsui High-tec, 26% Decrease in Ordinary Profit for The Current Fiscal Year, Dividend Effectively Increased

Tue Mar 11, 2025 3:30 pm JST Earnings

6966 Mitsui High-tec, Inc. 【J-GAAP】

Earnings Report

Mitsui High-tec, Inc. <6966> [TSE Prime] announced its financial results after the market closed on March 11th (15:30). The consolidated ordinary profit for the fiscal year ending January 2025 decreased 22.0% from the previous period to 16.9 billion yen. In the fiscal year ending January 2026, the profit is expected to decrease by 26.2% from the previous period to 12.5 billion yen. This will be the third consecutive term of declining profits.

At the same time, the annual dividend for this fiscal year is 18 yen, taking into account the previous year's forward stock split, this dividend represents an actual increase of 2.3%.

In the most recent three-month period, from November to January (4Q), the consolidated ordinary profit decreased to 3.96 billion yen, a 20.4% decrease compared to the same period last year. The operating profit margin worsened from 9.7% in the same period last year to 8.0%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2023 174,615 22,586 22,669 17,581 96.2 13 Mar 14, 2023 J-GAAP
Jan, 2024 195,881 18,119 21,733 15,545 85.1 14.40 Mar 12, 2024 J-GAAP
Jan, 2025 214,890 16,017 16,943 12,219 66.9 17.60 Mar 11, 2025 J-GAAP
YoY +9.7% -11.6% -22.0% -21.4% -21.4%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2025 Guidance 214,000 13,000 13,500 9,500 52.0 17.60 Sep 10, 2024 J-GAAP
Jan, 2025 Results 214,890 16,017 16,943 12,219 66.9 17.60 Mar 11, 2025 J-GAAP
Revision Rate +0.4% +23.2% +25.5% +28.6% +28.6%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb - Jul, 2024 103,969 7,850 9,431 7,075 38.7 5.60 Sep 10, 2024 J-GAAP
Feb - Jul, 2025 Guidance ー ー ー ー － 6 Mar 11, 2025 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2024 195,881 18,119 21,733 15,545 85.1 14.40 Mar 12, 2024 J-GAAP
Jan, 2025 214,890 16,017 16,943 12,219 66.9 17.60 Mar 11, 2025 J-GAAP
Jan, 2026 Guidance 230,000 13,000 12,500 9,000 49.3 18 Mar 11, 2025 J-GAAP
YoY +7.0% -18.8% -26.2% -26.3% -26.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Nov - Jan, 2023 51,803 5,043 4,984 3,780 20.7 9.7 Mar 12, 2024 J-GAAP
Feb - Apr, 2024 50,431 3,971 6,462 4,777 26.1 7.9 Jun 14, 2024 J-GAAP
May - Jul, 2024 53,538 3,879 2,969 2,298 12.6 7.2 Sep 10, 2024 J-GAAP
Aug - Oct, 2024 54,239 3,615 3,545 2,271 12.4 6.7 Dec 12, 2024 J-GAAP
Nov - Jan, 2024 56,682 4,552 3,967 2,873 15.7 8.0 Mar 11, 2025 J-GAAP
YoY +9.4% -9.7% -20.4% -24.0% -24.0%

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