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Mori-Gumi, Oct-Dec (3Q) Ordinary Profit Increases by 14%

Thu Feb 13, 2025 3:00 pm JST Earnings

1853 Mori-Gumi Co.,Ltd. 【J-GAAP】

Earnings Report

Mori-Gumi Co.,Ltd. <1853> [TSE Std] announced its financial results in the afternoon session on February 13th (15:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 15.7% from the same period last year to 0.77 billion yen. The progress rate toward the full-year plan of 1.04 billion yen was 74.1%, which was higher than the five-year average of 58.3%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the January to March period (4Q) is expected to surge 2.3 times that of the same period last year, reaching 0.26 billion yen.

In the most recent three-month period, from October to December (3Q), the ordinary profit grew 13.8% from the same period last year, reaching 0.45 billion yen. The operating profit margin improved from 5.3% in the same period last year to 6.3%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 17,854 357 327 204 6.2 41.1 Feb 8, 2023 J-GAAP
Apr - Dec, 2023 20,677 954 915 609 18.6 88.6 Feb 7, 2024 J-GAAP
Apr - Dec, 2024 22,441 794 771 512 15.7 74.1 Feb 13, 2025 J-GAAP
YoY +8.5% -16.8% -15.7% -15.9% -15.8%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 14,328 515 518 346 10.6 14 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 14,647 694 724 496 15.1 14 Nov 13, 2024 J-GAAP
YoY +2.2% +34.8% +39.8% +43.4% +43.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 24,620 833 795 523 16.0 14 May 12, 2023 J-GAAP
Mar, 2024 27,582 1,072 1,033 685 20.9 14 May 14, 2024 J-GAAP
Mar, 2025 Guidance 30,000 1,040 1,040 700 21.4 14 May 14, 2024 J-GAAP
YoY +8.8% -3.0% +0.7% +2.2% +2.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 7,423 397 400 270 8.3 5.3 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 6,905 118 118 76 2.3 1.7 May 14, 2024 J-GAAP
Apr - Jun, 2024 7,854 102 99 61 1.9 1.3 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 7,499 244 217 143 4.4 3.3 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 7,088 448 455 308 9.4 6.3 Feb 13, 2025 J-GAAP
YoY -4.5% +12.8% +13.8% +14.1% +14.2%

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