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MITSUI MATSUSHIMA, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 8% Increase,

Fri Nov 7, 2025 4:00 pm JST Earnings

1518 MITSUI MATSUSHIMA HOLDINGS CO., LTD. 【J-GAAP】

Earnings Report

MITSUI MATSUSHIMA HOLDINGS CO., LTD. <1518> [TSE Prime] announced its financial results after the market closed on November 7th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 5.62 billion yen, an increase 35.0% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 12.3%, from the previous forecast of 8.10 billion yen to 9.10 billion yen (compared to 8.44 billion yen in the previous period), turning to a 7.7% increase in the consolidated ordinary profit outlook.

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 18.8% from the same period last year to 3.47 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 138 yen to 156 yen (compared to 130 yen before the 5-for-1 forward stock split in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 18.1% from the same period last year, reaching 2.84 billion yen. The operating profit margin rose from 15.2% in the same period last year to 16.8%.

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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 39,628 16,593 17,329 11,904 186.0 66.6 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 29,238 3,853 4,163 2,880 48.9 49.3 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 31,902 5,402 5,622 5,204 101.9 61.8 Nov 7, 2025 J-GAAP
YoY +9.1% +40.2% +35.0% +80.7% +108.2%

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 － 23 May 13, 2025 J-GAAP
Apr - Sep, 2025 Results 31,902 5,402 5,622 5,204 101.9 23 Nov 7, 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 65,500 8,200 8,100 5,800 150.1 46 May 13, 2025 J-GAAP
Mar, 2026 New 66,600 9,000 9,100 6,400 165.6 64 Nov 7, 2025 J-GAAP
Revision Rate +1.7% +9.8% +12.3% +10.3% +10.3%

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 31,336 3,762 4,285 5,765 100.1 16 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 34,698 3,598 3,478 1,196 30.9 41 Nov 7, 2025 J-GAAP
YoY +10.7% -4.4% -18.8% -79.3% -69.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 77,472 25,170 26,004 15,117 241.9 20 May 13, 2024 J-GAAP
Mar, 2025 60,574 7,615 8,448 8,645 150.0 26 May 13, 2025 J-GAAP
Mar, 2026 Guidance 66,600 9,000 9,100 6,400 165.6 64 Nov 7, 2025 J-GAAP
YoY +9.9% +18.2% +7.7% -26.0% +10.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 15,702 2,393 2,411 1,510 25.7 15.2 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 16,090 2,337 2,513 2,265 39.0 14.5 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 15,246 1,425 1,772 3,500 60.7 9.3 May 13, 2025 J-GAAP
Apr - Jun, 2025 15,374 2,622 2,774 2,863 51.2 17.1 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 16,528 2,780 2,848 2,341 45.8 16.8 Nov 7, 2025 J-GAAP
YoY +5.3% +16.2% +18.1% +55.0% +78.6%

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