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Mipox, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 30% Decrease

Fri Nov 14, 2025 4:00 pm JST Earnings

5381 Mipox Corporation 【J-GAAP】

Earnings Report

Mipox Corporation <5381> [TSE Std] announced its financial results after the market closed on November 14th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) significantly dropped 56.2% from the same period last year to 0.19 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 40.0%, from the previous forecast of 1.00 billion yen to 0.60 billion yen (compared to 0.85 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 29.8% decrease in profit.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 1.5% from the same period last year to 0.40 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged 2.9 times that of the same period last year, reaching 0.17 billion yen. However, the operating profit margin sharply declined from 11.5% in the same period last year to 5.0%.

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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 4,326 -509 -369 -396 -27.8 ー Nov 13, 2023 J-GAAP
Apr - Sep, 2024 5,632 639 443 458 32.2 51.8 Nov 14, 2024 J-GAAP
Apr - Sep, 2025 5,693 235 194 265 19.0 32.3 Nov 14, 2025 J-GAAP
YoY +1.1% -63.2% -56.2% -42.1% -41.1%

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 ー ー ー ー － 0 May 15, 2025 J-GAAP
Apr - Sep, 2025 Results 5,693 235 194 265 19.0 0 Nov 14, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 11,000 900 1,000 700 50.6 10 May 15, 2025 J-GAAP
Mar, 2026 New 11,000 600 600 550 39.7 10 Nov 14, 2025 J-GAAP
Revision Rate 0.0% -33.3% -40.0% -21.4% -21.4%

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 5,540 303 412 453 31.8 10 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 5,307 365 406 285 20.6 10 Nov 14, 2025 J-GAAP
YoY -4.2% +20.5% -1.5% -37.1% -35.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 9,354 -442 -186 -408 -28.7 0 May 15, 2024 J-GAAP
Mar, 2025 11,172 942 855 911 64.0 10 May 15, 2025 J-GAAP
Mar, 2026 Guidance 11,000 600 600 550 39.7 10 Nov 14, 2025 J-GAAP
YoY -1.5% -36.3% -29.8% -39.6% -38.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 3,067 353 61 53 3.7 11.5 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 2,674 198 455 343 24.1 7.4 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 2,866 105 -43 110 7.7 3.7 May 15, 2025 J-GAAP
Apr - Jun, 2025 2,693 84 19 -36 -2.6 3.1 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 3,000 151 175 301 21.5 5.0 Nov 14, 2025 J-GAAP
YoY -2.2% -57.2% +186.9% +467.9% +477.5%

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