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Mitsui DM Sugar, The Current Fiscal Year Ordinary Profit Revised Upward by 18%

Fri Jan 31, 2025 3:00 pm JST Earnings

2109 Mitsui DM Sugar Co.,Ltd. 【J-GAAP】

Earnings Report

Mitsui DM Sugar Holdings Co., Ltd. <2109> [TSE Prime] announced its financial results in the afternoon session on January 31st (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 12.1 billion yen, an increase 64.7% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 18.2%, from the previous forecast of 11 billion yen to 13 billion yen (compared to 9.77 billion yen in the previous period), increasing the growth rate from 12.5% to 33.0%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 49.6%, from the previous forecast of 4.03 billion yen to 6.03 billion yen (compared to 3.59 billion yen in the same period of the previous year), increasing the growth rate from 12.3% to 67.9%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 4.4 times that of the same period last year, reaching 5.16 billion yen. The operating profit margin drastically improved from 2.6% in the same period last year to 10.4%.

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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 123,763 1,243 916 -269 -8.4 4.8 Feb 9, 2023 J-GAAP
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 93.4 Jan 31, 2025 J-GAAP
YoY +5.9% +376.0% +64.7% +36.2% +36.2%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 91,929 4,504 4,031 1,526 47.3 65 Oct 31, 2024 J-GAAP
Oct - Mar, 2024 New 91,929 6,504 6,031 3,526 109.2 65 Jan 31, 2025 J-GAAP
Revision Rate 0.0% +44.4% +49.6% +131.1% +131.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 180,000 11,000 11,000 7,000 216.9 130 Oct 31, 2024 J-GAAP
Mar, 2025 New 180,000 13,000 13,000 9,000 278.8 130 Jan 31, 2025 J-GAAP
Revision Rate 0.0% +18.2% +18.2% +28.6% +28.6%

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 86,557 3,006 3,591 2,379 73.7 70 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 91,929 6,504 6,031 3,526 109.2 65 Jan 31, 2025 J-GAAP
YoY +6.2% +116.4% +67.9% +48.2% +48.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 163,310 1,100 19,058 7,911 245.2 120 May 15, 2023 J-GAAP
Mar, 2024 170,774 4,251 9,778 8,445 261.7 130 May 15, 2024 J-GAAP
Mar, 2025 Guidance 180,000 13,000 13,000 9,000 278.8 130 Jan 31, 2025 J-GAAP
YoY +5.4% +205.8% +33.0% +6.6% +6.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 45,181 1,185 1,182 436 13.5 2.6 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 41,376 1,821 2,409 1,943 60.2 4.4 May 15, 2024 J-GAAP
Apr - Jun, 2024 44,871 3,277 3,957 2,889 89.5 7.3 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 43,200 3,219 3,012 2,585 80.1 7.5 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 48,915 5,071 5,169 3,384 104.9 10.4 Jan 31, 2025 J-GAAP
YoY +8.3% +327.9% +337.3% +676.1% +676.2%

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