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

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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%