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MIKIKOGYO, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 27%, Dividend Revised Upward by 100 Yen

Mon Jul 28, 2025 3:30 pm JST Earnings

1718 MIKIKOGYO CO.,LTD. 【J-GAAP】

Earnings Report

MIKIKOGYO CO.,LTD. <1718> [TSE Std] announced its financial results after the market closed on July 28th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending December 2025 (January to June) expanded 1.05 billion yen, an increase 91.6% compared to the same period last year, exceeded the previous forecast of 0.58 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 26.7%, from the previous forecast of 1.50 billion yen to 1.90 billion yen (compared to 1.15 billion yen in the previous period), increasing the growth rate from 29.9% to 64.5%.

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 July to December period (second half) is expected to expand 40.0% from the same period last year, reaching 0.85 billion yen.

In light of the strong performance, the company has significantly increased its planned annual dividend for the current fiscal year from the original plan of 200 yen to 300 yen (compared to 200 yen in the previous period).

In the most recent three-month period, from April to June (2Q), the consolidated ordinary profit surged 2.8 times that of the same period last year, reaching 0.18 billion yen. The operating profit margin improved from 0.7% in the same period last year to 2.8%.

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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
Jan - Jun, 2023 16,234 757 760 497 455.0 57.1 Jul 31, 2023 J-GAAP
Jan - Jun, 2024 13,125 543 548 360 329.6 47.4 Jul 29, 2024 J-GAAP
Jan - Jun, 2025 15,936 1,071 1,050 677 619.7 55.3 Jul 28, 2025 J-GAAP
YoY +21.4% +97.2% +91.6% +88.1% +88.0%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Guidance 15,500 580 580 360 329.4 100 Feb 14, 2025 J-GAAP
Jan - Jun, 2025 Results 15,936 1,071 1,050 677 619.7 150 Jul 28, 2025 J-GAAP
Revision Rate +2.8% +84.7% +81.0% +88.1% +88.1%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 35,000 1,500 1,500 900 823.5 200 Feb 14, 2025 J-GAAP
Dec, 2025 New 35,000 1,900 1,900 1,100 1,006.5 300 Jul 28, 2025 J-GAAP
Revision Rate 0.0% +26.7% +26.7% +22.2% +22.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 14,167 591 607 298 272.8 100 Feb 14, 2025 J-GAAP
Jul - Dec, 2025 Guidance 19,064 829 850 423 387.0 150 Jul 28, 2025 J-GAAP
YoY +34.6% +40.3% +40.0% +41.9% +41.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 32,203 1,316 1,330 839 768.0 230 Feb 14, 2024 J-GAAP
Dec, 2024 27,292 1,134 1,155 658 602.2 200 Feb 14, 2025 J-GAAP
Dec, 2025 Guidance 35,000 1,900 1,900 1,100 1,006.5 300 Jul 28, 2025 J-GAAP
YoY +28.2% +67.5% +64.5% +67.2% +67.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 5,708 40 68 102 93.4 0.7 Jul 29, 2024 J-GAAP
Jul - Sep, 2024 7,197 492 494 219 200.6 6.8 Oct 28, 2024 J-GAAP
Oct - Dec, 2024 6,970 99 113 79 72.3 1.4 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 8,813 874 861 536 490.7 9.9 Apr 28, 2025 J-GAAP
Apr - Jun, 2025 7,123 197 189 141 129.1 2.8 Jul 28, 2025 J-GAAP
YoY +24.8% +392.5% +177.9% +38.2% +38.2%

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