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MUTOH HOLDINGS, First Half Ordinary Profit Decreases by 39%, Jul-Sep Ordinary Profit Decreases by 77%

Fri Nov 14, 2025 4:00 pm JST Earnings

7999 MUTOH HOLDINGS CO., LTD. 【J-GAAP】

Earnings Report

MUTOH HOLDINGS CO., LTD. <7999> [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) dropped 39.0% from the same period last year to 0.42 billion yen. Progress toward the full-year plan of 1.10 billion yen was 38.7%, also falling below the five-year average of 46.1%.

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 grow 17.2% from the same period last year, reaching 0.67 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 0.08 billion yen, a 77.4% decrease compared to the same period last year. The operating profit margin drastically worsened from 7.3% in the same period last year to 4.0%.

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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 8,502 511 446 262 57.5 38.1 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 8,912 697 698 1,043 228.2 54.8 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 8,760 487 426 210 45.9 38.7 Nov 14, 2025 J-GAAP
YoY -1.7% -30.1% -39.0% -79.9% -79.9%

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 － 38 May 14, 2025 J-GAAP
Apr - Sep, 2025 Results 8,760 487 426 210 45.9 38 Nov 14, 2025 J-GAAP
Revision Rate － － － － －

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 9,216 620 575 330 72.2 84 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 9,740 613 674 490 106.8 39 Nov 14, 2025 J-GAAP
YoY +5.7% -1.1% +17.2% +48.5% +47.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 17,507 1,246 1,172 764 167.2 65 May 14, 2024 J-GAAP
Mar, 2025 18,128 1,317 1,273 1,373 300.3 120 May 14, 2025 J-GAAP
Mar, 2026 Guidance 18,500 1,100 1,100 700 152.5 77 May 14, 2025 J-GAAP
YoY +2.1% -16.5% -13.6% -49.0% -49.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 4,440 323 359 173 37.9 7.3 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 4,706 378 371 273 59.7 8.0 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 4,510 242 204 57 12.5 5.4 May 14, 2025 J-GAAP
Apr - Jun, 2025 4,526 317 345 204 44.8 7.0 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 4,234 170 81 6 1.3 4.0 Nov 14, 2025 J-GAAP
YoY -4.6% -47.4% -77.4% -96.5% -96.5%

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