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MIYAJI ENGINEERING, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 13%

Fri Feb 7, 2025 3:00 pm JST Earnings

3431 MIYAJI ENGINEERING GROUP, INC. 【J-GAAP】

Earnings Report

MIYAJI ENGINEERING GROUP, INC. <3431> [TSE Prime] announced its financial results in the afternoon session on February 7th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 13.2% from the same period last year, reaching 7.68 billion yen. The progress rate toward the full-year plan of 8.6 billion yen was 89.4%, also surpassing the five-year average of 79.2%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to decrease 18.4% from the same period last year to 0.91 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 3.05 billion yen, a 17.4% decrease compared to the same period last year. The operating profit margin decreased from 18.7% in the same period last year to 16.6%.

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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 43,806 4,297 4,509 2,627 96.5 83.9 Feb 8, 2023 J-GAAP
Apr - Dec, 2023 52,309 6,801 6,789 3,701 136.0 85.8 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 53,929 7,448 7,687 3,721 138.7 89.4 Feb 7, 2025 J-GAAP
YoY +3.1% +9.5% +13.2% +0.5% +2.0%

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 37,671 4,953 4,819 2,578 94.7 53.50 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 36,900 4,026 3,974 1,748 65.9 55 Nov 8, 2024 J-GAAP
YoY -2.0% -18.7% -17.5% -32.2% -30.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 60,279 5,127 5,373 3,077 113.1 35 May 15, 2023 J-GAAP
Mar, 2024 69,365 7,904 7,908 4,354 160.0 96 May 14, 2024 J-GAAP
Mar, 2025 Guidance 73,000 8,500 8,600 4,000 150.8 97.50 Nov 8, 2024 J-GAAP
YoY +5.2% +7.5% +8.8% -8.1% -5.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 20,615 3,850 3,700 1,925 70.7 18.7 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 17,056 1,103 1,119 653 24.0 6.5 May 14, 2024 J-GAAP
Apr - Jun, 2024 15,692 1,208 1,306 719 26.4 7.7 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 20,408 3,266 3,320 1,533 56.8 16.0 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 17,829 2,974 3,061 1,469 54.8 16.7 Feb 7, 2025 J-GAAP
YoY -13.5% -22.8% -17.3% -23.7% -22.6%

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