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MITACHI CO.,LTD., June-August (1Q) Ordinary Profit Decreases by 26%

Fri Oct 4, 2024 3:00 pm JST Earnings

3321 MITACHI CO.,LTD. 【J-GAAP】

Earnings Report

MITACHI CO.,LTD. <3321> [TSE-S] announced its financial results after the market closed on October 4th (15:00). The consolidated ordinary profit for the first quarter of the fiscal year ending May 2025 (June to August) decreased by 26.0% from the same period last year to 321 million yen. However, The progress rate against the 600 million yen plan for the six months ending November (first half) was 53.5%, also surpassing the five-year average of 40.2%.

In the most recent three-month period, from June to August (1Q), the operating profit margin worsened from 4.1% in the same period last year to 2.7%.

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Actual Results

Accumulated Results 1st Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jun - Aug, 2022 12,000 1,042 1,042 729 91.8 62.1 Sep 30, 2022 J-GAAP
Jun - Aug, 2023 9,654 393 434 303 38.1 42.4 Oct 6, 2023 J-GAAP
Jun - Aug, 2024 9,272 252 321 227 28.6 53.5 Oct 4, 2024 J-GAAP
YoY -4.0% -35.9% -26.0% -25.1% -24.9%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2023 20,048 935 1,024 705 88.6 20 Dec 27, 2023 J-GAAP
Jun - Nov, 2024 Guidance 30,000 600 600 400 50.2 25 Jul 5, 2024 J-GAAP
YoY +49.6% -35.8% -41.4% -43.3% -43.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2023 43,271 2,490 2,452 1,693 212.9 65 Jul 7, 2023 J-GAAP
May, 2024 38,899 1,591 1,706 1,222 153.5 45 Jul 5, 2024 J-GAAP
May, 2025 Guidance 80,000 1,800 1,800 1,250 156.9 50 Jul 5, 2024 J-GAAP
YoY +105.7% +13.1% +5.5% +2.3% +2.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 9,654 393 434 303 38.1 4.1 Oct 6, 2023 J-GAAP
Sep - Nov, 2023 10,394 542 590 402 50.5 5.2 Dec 27, 2023 J-GAAP
Dec - Feb, 2023 9,667 356 322 224 28.2 3.7 Mar 29, 2024 J-GAAP
Mar - May, 2024 9,184 300 360 293 36.8 3.3 Jul 5, 2024 J-GAAP
Jun - Aug, 2024 9,272 252 321 227 28.6 2.7 Oct 4, 2024 J-GAAP
YoY -4.0% -35.9% -26.0% -25.1% -24.9%

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