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Mullion, 40% Decrease in Ordinary Profit for The Current Fiscal Year, Dividend Raised by 0.4 Yen

Thu Nov 13, 2025 3:30 pm JST Earnings

3494 Mullion Co., Ltd. 【J-GAAP】

Earnings Report

Mullion Co., Ltd. <3494> [TSE Std] announced its financial results after the market closed on November 13th (15:30). The ordinary profit (non-consolidated) for the fiscal year ended September 2025 increased by 27.4% from the previous period to 665 million yen. However, for the fiscal year ending September 2026, the ordinary profit is expected to drop by 39.8% from the previous period to 400 million yen.

At the same time, the company has decided to increase the dividend this fiscal year to 6.4 yen, an increase of 0.4 yen from the previous fiscal year.

In the most recent three-month period, from July to September (4Q), the ordinary profit increased 65.7% from the same period last year, reaching 570 million yen. The operating profit margin rose from 27.3% in the same period last year to 32.2%.

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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 2,808 382 160 142 18.2 2.80 Nov 13, 2023 J-GAAP
Sep, 2024 2,876 695 522 342 43.7 5.20 Nov 13, 2024 J-GAAP
Sep, 2025 3,254 874 665 459 58.6 6 Nov 13, 2025 J-GAAP
YoY +13.1% +25.8% +27.4% +34.2% +34.1%

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 3,200 800 600 400 51.0 6 Jul 2, 2025 J-GAAP
Sep, 2025 Results 3,254 874 665 459 58.6 6 Nov 13, 2025 J-GAAP
Revision Rate +1.7% +9.3% +10.8% +14.8% +14.9%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 774 161 68 46 6.0 0 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance ー ー ー ー － 0 Nov 13, 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 2,876 695 522 342 43.7 5.20 Nov 13, 2024 J-GAAP
Sep, 2025 3,254 874 665 459 58.6 6 Nov 13, 2025 J-GAAP
Sep, 2026 Guidance 2,600 630 400 240 30.6 6.40 Nov 13, 2025 J-GAAP
YoY -20.1% -27.9% -39.8% -47.7% -47.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 1,414 386 344 220 28.1 27.3 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 390 84 37 25 3.3 21.5 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 384 77 31 21 2.7 20.1 May 13, 2025 J-GAAP
Apr - Jun, 2025 507 78 27 17 2.2 15.4 Aug 13, 2025 J-GAAP
Jul - Sep, 2025 1,973 635 570 396 50.6 32.2 Nov 13, 2025 J-GAAP
YoY +39.5% +64.5% +65.7% +80.0% +79.9%

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