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Mullion, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 9%, Raises Record High Profit Forecast, Dividend Revised Upward by 0.6 Yen

Wed Jul 2, 2025 3:30 pm JST Revision

3494 Mullion Co., Ltd. 【J-GAAP】

Guidance Update Report

Mullion Co., Ltd. <3494> [TSE Std] announced a revision to its performance and dividend after the market closed on July 2nd (15:30). The ordinary profit (non-consolidated) forecast for the fiscal year ending September 2025 has been revised upward 9.1%, from the previous forecast of 550 million yen to 600 million yen (compared to 522 million yen in the previous period), increasing the growth rate from 5.4% to 14.9%, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the April to September period (second half) ordinary profit is expected to increase 10.4%, from the previous forecast of 482 million yen to 532 million yen (compared to 374 million yen in the same period of the previous year), increasing the growth rate from 28.9% to 42.2%.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 5.4 yen to 6 yen (compared to 5.2 yen in the previous period).

Kabutan News

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Prev 2,226 569 482 314 40.1 5.40 May 13, 2025 J-GAAP
Apr - Sep, 2025 New 2,426 639 532 354 45.2 6 Jul 2, 2025 J-GAAP
Revision Rate +9.0% +12.3% +10.4% +12.7% +12.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2025 Prev 3,000 730 550 360 45.9 5.40 Nov 13, 2024 J-GAAP
Sep, 2025 New 3,200 800 600 400 51.0 6 Jul 2, 2025 J-GAAP
Revision Rate +6.7% +9.6% +9.1% +11.1% +11.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 1,799 458 374 241 30.8 5.20 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 Guidance 2,426 639 532 354 45.2 6 Jul 2, 2025 J-GAAP
YoY +34.9% +39.5% +42.2% +46.9% +46.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 2,808 382 160 142 18.2 2.80 Nov 13, 2023 J-GAAP
Sep, 2024 2,876 695 522 342 43.7 5.20 Nov 13, 2024 J-GAAP
Sep, 2025 Guidance 3,200 800 600 400 51.0 6 Jul 2, 2025 J-GAAP
YoY +11.3% +15.1% +14.9% +17.0% +16.7%

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