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Mitsubishi Research Institute, 8% Decrease in Ordinary Profit for The Current Fiscal Year, Increased Previous Year's Dividend by 5 Yen, Plan to Continue the 165 Yen Policy This Fiscal Year as Well

Thu Oct 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 October 30th (16:00). The consolidated ordinary profit for the fiscal year ended September 2025 increased by 19.5% from the previous period to 9.73 billion yen. However, for the fiscal year ending September 2026, the consolidated ordinary profit is expected to decrease by 7.5% from the previous period to 9.00 billion yen.

At the same time, the company increased the annual dividend for the previous term from 160 yen to 165 yen (compared to 160 yen in the prior term), and has decided to continue with a dividend of 165 yen for the current term as well.

In the most recent three-month period, from July to September (4Q), the consolidated ordinary profit surged 211 times that of the same period last year, reaching 1.48 billion yen. The operating profit margin significantly improved from 0.0% in the same period last year to 4.6%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
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 121,458 8,010 9,734 6,386 405.6 165 Oct 30, 2025 J-GAAP
YoY +5.3% +13.5% +19.5% +27.6% +28.2%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2025 Guidance 122,000 7,300 8,800 5,700 361.9 160 Sep 10, 2025 J-GAAP
Sep, 2025 Results 121,458 8,010 9,734 6,386 405.6 165 Oct 30, 2025 J-GAAP
Revision Rate -0.4% +9.7% +10.6% +12.0% +12.1%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 65,437 6,819 7,640 4,881 310.1 80 Apr 25, 2025 J-GAAP
Oct - Mar, 2025 Guidance ー ー ー ー － 80 Oct 30, 2025 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2024 115,362 7,060 8,147 5,003 316.4 160 Oct 30, 2024 J-GAAP
Sep, 2025 121,458 8,010 9,734 6,386 405.6 165 Oct 30, 2025 J-GAAP
Sep, 2026 Guidance 122,000 7,500 9,000 5,800 368.3 165 Oct 30, 2025 J-GAAP
YoY +0.4% -6.4% -7.5% -9.2% -9.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jul - Sep, 2025 29,835 1,377 1,480 1,399 88.9 4.6 Oct 30, 2025 J-GAAP
YoY +18.8% +137,600.0% +21,042.9% +814.4% +817.9%

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