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Mitsubishi Research Institute, Oct-Jun (Cumulative 3Q) Ordinary Profit Increases by 1%, Exceeds Full-Year Plan

Wed Jul 30, 2025 4:00 pm JST Earnings

3636 Mitsubishi Research Institute, Inc. 【J-GAAP】

Earnings Report

Mitsubishi Research Institute, Inc. <3636> [TSE Prime] announced its financial results after the market closed on July 30th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending September 2025 (October 2024 to June 2025) was 8254 million yen, a 1.4% increase compared to the same period last year. Progress toward the full-year plan of 7500 million yen is 110.1%, already exceeding the target and also exceeding the five-year average of 97.5%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the July to September period (4Q) is expected to turn into a loss of 754 million yen (compared to a profit of 7 million yen in the same period last year). However, if the fourth-quarter performance remains at the same level as the first three quarters, the full-year plan may be increased.

In the most recent three-month period, from April to June (3Q), the consolidated ordinary profit/loss turned to a profit of 614 million yen (compared to a loss of 1201 million yen in the same period last year). The operating profit/loss margin drastically improved from -6.5% in the same period last year to -0.7%.

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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
Oct - Jun, 2022 96,878 8,386 9,519 5,934 369.3 95.2 Aug 1, 2023 J-GAAP
Oct - Jun, 2023 90,254 7,059 8,140 4,850 306.3 99.9 Jul 30, 2024 J-GAAP
Oct - Jun, 2024 91,623 6,633 8,254 4,987 316.7 110.1 Jul 30, 2025 J-GAAP
YoY +1.5% -6.0% +1.4% +2.8% +3.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 48,828 -1,541 -1,194 -1,209 -76.5 80 Oct 30, 2024 J-GAAP
Apr - Sep, 2025 Guidance 56,563 -619 -140 -781 -49.6 80 Apr 25, 2025 J-GAAP
YoY +15.8% +59.8% +88.3% +35.4% +35.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 122,126 8,688 10,002 6,287 392.3 150 Oct 31, 2023 J-GAAP
Sep, 2024 115,362 7,060 8,147 5,003 316.4 160 Oct 30, 2024 J-GAAP
Sep, 2025 Guidance 122,000 6,200 7,500 4,100 260.3 160 Apr 25, 2025 J-GAAP
YoY +5.8% -12.2% -7.9% -18.0% -17.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 23,720 -1,542 -1,201 -1,362 -86.0 -6.5 Jul 30, 2024 J-GAAP
Jul - Sep, 2024 25,108 1 7 153 9.7 0.0 Oct 30, 2024 J-GAAP
Oct - Dec, 2024 27,706 1,480 1,938 991 63.0 5.3 Feb 5, 2025 J-GAAP
Jan - Mar, 2025 37,731 5,339 5,702 3,890 247.1 14.2 Apr 25, 2025 J-GAAP
Apr - Jun, 2025 26,186 -186 614 106 6.7 -0.7 Jul 30, 2025 J-GAAP
YoY +10.4% +87.9% － － －

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