MORISHITA JINTAN, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 47%, Oct-Dec Ordinary Profit Decreases by 23%

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Wed Feb 12, 2025 3:30 pm JST Earnings

4524 MORISHITA JINTAN CO.,LTD. 【J-GAAP】

Earnings Report

MORISHITA JINTAN CO.,LTD. <4524> [TSE Std] announced its financial results after the market closed on February 12th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 46.9% from the same period last year to 525 million yen. The progress rate toward the full-year plan of 900 million yen was 58.3%, also falling below the five-year average of 95.1%.

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/loss for the January to March period (4Q) is expected to turn into a profit of 375 million yen (compared to a loss of 173 million yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 263 million yen, a 23.3% decrease compared to the same period last year. The operating profit margin decreased from 10.6% in the same period last year to 7.5%.

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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	8,361	549	587	441	108.2	94.2	Feb 9, 2023	J-GAAP
Apr - Dec, 2023	9,363	946	988	735	180.0	121.2	Feb 8, 2024	J-GAAP
Apr - Dec, 2024	9,596	485	525	350	85.7	58.3	Feb 12, 2025	J-GAAP
YoY	+2.5%	-48.7%	-46.9%	-52.4%	-52.4%

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	6,111	95	170	224	54.9	50	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	6,316	606	638	518	126.6	55	Nov 12, 2024	J-GAAP
YoY	+3.4%	+537.9%	+275.3%	+131.3%	+130.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	11,359	569	623	491	120.6	40	May 10, 2023	J-GAAP
Mar, 2024	12,406	716	815	697	170.7	50	May 9, 2024	J-GAAP
Mar, 2025 Guidance	12,700	850	900	700	171.1	55	May 9, 2024	J-GAAP
YoY	+2.4%	+18.7%	+10.4%	+0.4%	+0.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	3,068	325	343	262	64.2	10.6	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	3,043	-230	-173	-38	-9.3	-7.6	May 9, 2024	J-GAAP
Apr - Jun, 2024	3,413	316	328	245	60.0	9.3	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	2,971	-72	-66	-63	-15.5	-2.4	Nov 12, 2024	J-GAAP
Oct - Dec, 2024	3,212	241	263	168	41.1	7.5	Feb 12, 2025	J-GAAP
YoY	+4.7%	-25.8%	-23.3%	-35.9%	-35.9%