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MIT Holdings CO.,LTD., December-August (Third Quarter Cumulative) Ordinary Profit Increases by 3.3 times, June-Augus Ordinary Profit Increases by 2.3 times

Tue Oct 15, 2024 4:00 pm JST Earnings

4016 MIT Holdings CO.,LTD. 【J-GAAP】

Earnings Report

MIT Holdings CO.,LTD. <4016> [TSE-S] announced its financial results after the market closed on October 15th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending November 2024 (December 2023 to August 2024) surged by 3.3 times that of the same period last year, reaching 159 million yen. The progress rate against the 186 million yen full-year plan was 85.5%, also surpassing the four-year average of 46.0%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the September to November period (4Q) is expected to drop by 41.3% from the same period last year to 27 million yen.

In the most recent three-month period, from June to August (3Q), the consolidated ordinary profit surged to 2.3 times that of the same period last year, reaching 58 million yen. The operating profit margin improved from 2.0% in the same period last year to 4.3%.

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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
Dec - Aug, 2021 3,183 48 44 22 10.9 36.7 Oct 14, 2022 J-GAAP
Dec - Aug, 2022 3,515 40 48 10 5.2 51.1 Oct 13, 2023 J-GAAP
Dec - Aug, 2023 3,871 166 159 96 48.5 85.5 Oct 15, 2024 J-GAAP
YoY +10.1% +315.0% +231.3% +860.0% +833.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2023 2,492 69 71 46 23.5 8 Jan 12, 2024 J-GAAP
Jun - Nov, 2024 Guidance 2,720 91 85 38 19.2 15 Jul 12, 2024 J-GAAP
YoY +9.1% +31.9% +19.7% -17.4% -18.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2022 4,357 120 120 45 22.4 7 Jan 13, 2023 J-GAAP
Nov, 2023 4,786 84 94 47 24.0 8 Jan 12, 2024 J-GAAP
Nov, 2024 Guidance 5,260 200 186 99 50.0 15 Jan 12, 2024 J-GAAP
YoY +9.9% +138.1% +97.9% +110.6% +108.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 1,221 25 25 9 4.7 2.0 Oct 13, 2023 J-GAAP
Sep - Nov, 2023 1,271 44 46 37 18.9 3.5 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 1,241 53 53 31 16.1 4.3 Apr 12, 2024 J-GAAP
Mar - May, 2024 1,299 56 48 30 15.4 4.3 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 1,331 57 58 35 17.7 4.3 Oct 15, 2024 J-GAAP
YoY +9.0% +128.0% +132.0% +288.9% +278.0%

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