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MITACHI , First Half Ordinary Profit Increases by 66%, Sep-Nov Ordinary Profit Increases by 37%
3321 MITACHI CO.,LTD. 【J-GAAP】
Earnings ReportMITACHI CO.,LTD. <3321> [TSE Std] announced its financial results after the market closed on December 25th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending May 2026 (June to November) expanded 1.66 billion yen, an increase 66.0% compared to the same period last year. Progress toward the full-year plan of 2.55 billion yen was 65.4%, also surpassing the five-year average of 50.1%.
Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the December to May period (second half) is expected to drop 35.7% from the same period last year to 0.88 billion yen.
In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit increased 37.5% from the same period last year, reaching 0.93 billion yen. The operating profit margin improved from 2.3% in the same period last year to 2.8%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jun - Nov, 2023 | 20,048 | 935 | 1,024 | 705 | 88.6 | 60.0 | Dec 27, 2023 | J-GAAP |
| Jun - Nov, 2024 | 39,908 | 947 | 1,004 | 718 | 90.2 | 42.2 | Dec 26, 2024 | J-GAAP |
| Jun - Nov, 2025 | 58,348 | 1,573 | 1,667 | 1,227 | 154.0 | 65.4 | Dec 25, 2025 | J-GAAP |
| YoY | +46.2% | +66.1% | +66.0% | +70.9% | +70.8% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jun - Nov, 2025 Guidance | 58,000 | 1,350 | 1,450 | 1,050 | 131.7 | 40 | Nov 21, 2025 | J-GAAP |
| Jun - Nov, 2025 Results | 58,348 | 1,573 | 1,667 | 1,227 | 154.0 | 40 | Dec 25, 2025 | J-GAAP |
| Revision Rate | +0.6% | +16.5% | +15.0% | +16.9% | +16.9% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec - May, 2024 | 58,268 | 1,201 | 1,373 | 978 | 122.8 | 35 | Jul 4, 2025 | J-GAAP |
| Dec - May, 2025 Guidance | 51,652 | 877 | 883 | 673 | 84.4 | 30 | Dec 25, 2025 | J-GAAP |
| YoY | -11.4% | -27.0% | -35.7% | -31.2% | -31.3% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| May, 2024 | 38,899 | 1,591 | 1,706 | 1,222 | 153.5 | 45 | Jul 5, 2024 | J-GAAP |
| May, 2025 | 98,176 | 2,148 | 2,377 | 1,696 | 213.0 | 60 | Jul 4, 2025 | J-GAAP |
| May, 2026 Guidance | 110,000 | 2,450 | 2,550 | 1,900 | 238.4 | 70 | Nov 21, 2025 | J-GAAP |
| YoY | +12.0% | +14.1% | +7.3% | +12.0% | +11.9% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Sep - Nov, 2024 | 30,636 | 695 | 683 | 491 | 61.7 | 2.3 | Dec 26, 2024 | J-GAAP |
| Dec - Feb, 2024 | 29,020 | 645 | 752 | 509 | 63.9 | 2.2 | Mar 28, 2025 | J-GAAP |
| Mar - May, 2025 | 29,248 | 556 | 621 | 469 | 58.9 | 1.9 | Jul 4, 2025 | J-GAAP |
| Jun - Aug, 2025 | 27,739 | 709 | 728 | 563 | 70.7 | 2.6 | Oct 3, 2025 | J-GAAP |
| Sep - Nov, 2025 | 30,609 | 864 | 939 | 664 | 83.3 | 2.8 | Dec 25, 2025 | J-GAAP |
| YoY | -0.1% | +24.3% | +37.5% | +35.2% | +35.1% |
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