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Mitsui DM Sugar, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 13%
2109 Mitsui DM Sugar Co.,Ltd. 【J-GAAP】
Earnings ReportMitsui DM Sugar Co.,Ltd. <2109> [TSE Prime] announced its financial results in the afternoon session on January 30th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 13.4% from the same period last year to 10.5 billion yen. However, Progress toward the full-year plan of 11.8 billion yen was 89.1%, also surpassing the five-year average of 72.0%.
Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to drop 45.1% from the same period last year to 1.28 billion yen.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 4.05 billion yen, a 21.5% decrease compared to the same period last year. The operating profit margin decreased from 10.4% in the same period last year to 8.6%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 129,398 | 2,430 | 7,369 | 6,502 | 201.5 | 75.4 | Jan 31, 2024 | J-GAAP |
| Apr - Dec, 2024 | 136,986 | 11,567 | 12,138 | 8,858 | 274.5 | 83.8 | Jan 31, 2025 | J-GAAP |
| Apr - Dec, 2025 | 138,866 | 10,483 | 10,512 | 7,265 | 232.1 | 89.1 | Jan 30, 2026 | J-GAAP |
| YoY | +1.4% | -9.4% | -13.4% | -18.0% | -15.4% |
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 | 90,714 | 7,344 | 7,514 | 821 | 25.4 | 65 | May 15, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 109,637 | 5,976 | 5,345 | 2,969 | 95.4 | 65 | Oct 31, 2025 | J-GAAP |
| YoY | +20.9% | -18.6% | -28.9% | +261.6% | +275.0% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 170,774 | 4,251 | 9,778 | 8,445 | 261.7 | 130 | May 15, 2024 | J-GAAP |
| Mar, 2025 | 178,785 | 13,840 | 14,483 | 6,295 | 195.1 | 130 | May 15, 2025 | J-GAAP |
| Mar, 2026 Guidance | 200,000 | 12,300 | 11,800 | 7,700 | 247.5 | 130 | May 15, 2025 | J-GAAP |
| YoY | +11.9% | -11.1% | -18.5% | +22.3% | +26.9% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 48,915 | 5,071 | 5,169 | 3,384 | 104.9 | 10.4 | Jan 31, 2025 | J-GAAP |
| Jan - Mar, 2025 | 41,799 | 2,273 | 2,345 | -2,563 | -79.4 | 5.4 | May 15, 2025 | J-GAAP |
| Apr - Jun, 2025 | 46,874 | 3,565 | 3,955 | 2,675 | 84.4 | 7.6 | Jul 31, 2025 | J-GAAP |
| Jul - Sep, 2025 | 43,489 | 2,759 | 2,500 | 2,056 | 65.5 | 6.3 | Oct 31, 2025 | J-GAAP |
| Oct - Dec, 2025 | 48,503 | 4,159 | 4,057 | 2,534 | 81.0 | 8.6 | Jan 30, 2026 | J-GAAP |
| YoY | -0.8% | -18.0% | -21.5% | -25.1% | -22.8% |
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