kabutan

MIT Holdings, 47% Increase in Ordinary Profit, Update Record High for Second Consecutive Term, Increased Previous Year's Dividend by 4 yen, This Fiscal Year to Increase Dividend by 11 yen

Tue Jan 14, 2025 4:00 pm JST Earnings

4016 MIT Holdings CO.,LTD. 【J-GAAP】

Earnings Report

MIT Holdings CO.,LTD. <4016> [TSE Std] announced its financial results after the market closed on January 14th (16:00). The consolidated ordinary profit for the fiscal year ending November 2024 increased 98.9% from the previous period to 187 million yen. In the fiscal year ending November 2025, the profit is expected to expand to 46.5% to 274 million yen, marking the second consecutive term of record-high profits. This will be the tenth consecutive term of revenue growth.

At the same time, the company increased the annual dividend for the previous term from 15 yen to 19 yen (compared to 8 yen in the prior term), and has decided to significantly increase the dividend this fiscal year to 30 yen, an increase of 11 yen from the previous fiscal year.

In the most recent three-month period, from September to November (4Q), the consolidated ordinary profit dropped to 28 million yen, a 39.1% decrease compared to the same period last year. The operating profit margin worsened from 3.5% in the same period last year to 2.3%.

Kabutan News

Actual Results

Historical Performance
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 5,240 197 187 124 62.9 19 Jan 14, 2025 J-GAAP
YoY +9.5% +134.5% +98.9% +163.8% +162.1%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2024 Guidance 5,260 200 186 99 50.0 15 Jan 12, 2024 J-GAAP
Nov, 2024 Results 5,240 197 187 124 62.9 19 Jan 14, 2025 J-GAAP
Revision Rate -0.4% -1.5% +0.5% +25.3% +25.9%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2023 2,540 109 101 61 31.2 0 Jul 12, 2024 J-GAAP
Dec - May, 2024 Guidance ー ー ー ー － 0 Jan 14, 2025 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2023 4,786 84 94 47 24.0 8 Jan 12, 2024 J-GAAP
Nov, 2024 5,240 197 187 124 62.9 19 Jan 14, 2025 J-GAAP
Nov, 2025 Guidance 5,700 285 274 170 85.5 30 Jan 14, 2025 J-GAAP
YoY +8.8% +44.7% +46.5% +37.1% +35.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Sep - Nov, 2024 1,369 31 28 28 14.2 2.3 Jan 14, 2025 J-GAAP
YoY +7.7% -29.5% -39.1% -24.3% -24.8%

Related Articles