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Mitsuboshi Belting, First Half Ordinary Profit Increases by 18%, Jul-Sep Ordinary Profit Increases by 23%

Mon Nov 10, 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 November 10th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 18.4% from the same period last year, reaching 5.07 billion yen. Progress toward the full-year plan of 8.60 billion yen was 59.0%, also surpassing the five-year average of 50.3%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 27.6% from the same period last year to 3.52 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 22.8% from the same period last year, reaching 2.41 billion yen. However, the operating profit margin decreased from 12.9% in the same period last year to 9.4%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 42,028 4,137 5,611 3,593 126.7 58.4 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 45,451 4,548 4,286 6,091 214.7 46.8 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 45,868 4,597 5,075 3,870 137.5 59.0 Nov 10, 2025 J-GAAP
YoY +0.9% +1.1% +18.4% -36.5% -36.0%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 45,000 4,700 4,600 3,400 120.7 90 May 14, 2025 J-GAAP
Apr - Sep, 2025 Results 45,868 4,597 5,075 3,870 137.5 90 Nov 10, 2025 J-GAAP
Revision Rate +1.9% -2.2% +10.3% +13.8% +13.9%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 45,059 4,380 4,868 2,969 105.0 96 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 43,132 4,003 3,525 2,930 104.4 96 Nov 10, 2025 J-GAAP
YoY -4.3% -8.6% -27.6% -1.3% -0.5%

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
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
Apr - Jun, 2025 22,324 2,395 2,660 2,065 73.4 10.7 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 23,544 2,202 2,415 1,805 64.1 9.4 Nov 10, 2025 J-GAAP
YoY +2.3% -25.5% +22.8% +9.2% +10.1%

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