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Mitsuboshi Belting, 6% Decrease in Ordinary Profit for The Current Fiscal Year, Increased Previous Year's Dividend by 6 yen, Plan to Continue the 186 yen Policy This Fiscal Year as Well

Wed May 14, 2025 2:00 pm JST Earnings

5192 Mitsuboshi Belting Ltd. 【J-GAAP】

Earnings Report

Mitsuboshi Belting Ltd. <5192> [TSE Prime] announced its financial results in the afternoon session on May 14th (14:00). The consolidated ordinary profit for the fiscal year ending March 2025 decreased 4.7% from the previous period to 9.15 billion yen. For the fiscal year ending March 2026, the consolidated ordinary profit is expected to decrease by 6.1% from the previous period to 8.6 billion yen. This will be the third consecutive term of declining profits.

At the same time, the company increased the annual dividend for the previous term from 180 yen to 186 yen (compared to 250 yen in the prior term), and has decided to continue with a dividend of 186 yen for the current term as well.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit decreased to 1.91 billion yen, a 6.8% decrease compared to the same period last year. However, the operating profit margin significantly improved from 7.3% in the same period last year to 10.6%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 82,911 9,030 10,471 7,071 249.1 250 May 12, 2023 J-GAAP
Mar, 2024 84,014 7,759 9,605 7,102 250.4 250 May 14, 2024 J-GAAP
Mar, 2025 90,510 8,928 9,154 9,060 320.3 186 May 14, 2025 J-GAAP
YoY +7.7% +15.1% -4.7% +27.6% +27.9%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Guidance 88,500 9,050 8,600 9,300 330.4 180 May 14, 2024 J-GAAP
Mar, 2025 Results 90,510 8,928 9,154 9,060 320.3 186 May 14, 2025 J-GAAP
Revision Rate +2.3% -1.3% +6.4% -2.6% -3.1%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 45,451 4,548 4,286 6,091 214.7 90 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 Guidance 45,000 4,700 4,600 3,400 120.7 90 May 14, 2025 J-GAAP
YoY -1.0% +3.3% +7.3% -44.2% -43.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 84,014 7,759 9,605 7,102 250.4 250 May 14, 2024 J-GAAP
Mar, 2025 90,510 8,928 9,154 9,060 320.3 186 May 14, 2025 J-GAAP
Mar, 2026 Guidance 89,000 8,600 8,600 6,800 242.4 186 May 14, 2025 J-GAAP
YoY -1.7% -3.7% -6.1% -24.9% -24.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 20,978 1,534 2,056 1,969 69.4 7.3 May 14, 2024 J-GAAP
Apr - Jun, 2024 22,443 1,591 2,320 4,438 156.5 7.1 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 23,008 2,957 1,966 1,653 58.3 12.9 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 22,417 1,975 2,951 2,196 77.5 8.8 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 22,642 2,405 1,917 773 27.3 10.6 May 14, 2025 J-GAAP
YoY +7.9% +56.8% -6.8% -60.7% -60.6%

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