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MINO CERAMIC CO.,LTD., First Half Ordinary Profit Increases by 29%, July-September Ordinary Profit Increases by 14%

Thu Nov 14, 2024 3:40 pm JST Earnings

5356 MINO CERAMIC CO.,LTD. 【J-GAAP】

Earnings Report

MINO CERAMIC CO.,LTD. <5356> [TSE-S] announced its financial results after the market closed on November 14th (15:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 28.8% from the same period last year, reaching 774 million yen. However, The progress rate against the 1.6 billion yen full-year plan was 48.4%, almost the same as the five-year average of 50.1%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 4.8% from the same period last year to 826 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 14.4% from the same period last year, reaching 470 million yen. The operating profit margin rose from 10.1% in the same period last year to 11.7%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2022 6,716 556 609 400 39.1 39.9 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 6,943 541 601 410 40.1 40.9 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 7,232 717 774 531 51.8 48.4 Nov 14, 2024 J-GAAP
YoY +4.2% +32.5% +28.8% +29.5% +29.3%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － 16 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 7,232 717 774 531 51.8 16 Nov 14, 2024 J-GAAP
Revision Rate － － － － －

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 7,216 811 868 644 62.9 18 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 8,268 783 826 569 55.5 16 Nov 14, 2024 J-GAAP
YoY +14.6% -3.5% -4.8% -11.6% -11.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 14,609 1,394 1,528 1,072 104.6 25 May 15, 2023 J-GAAP
Mar, 2024 14,159 1,352 1,469 1,054 102.9 28 May 15, 2024 J-GAAP
Mar, 2025 Guidance 15,500 1,500 1,600 1,100 107.3 32 May 15, 2024 J-GAAP
YoY +9.5% +10.9% +8.9% +4.4% +4.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,803 383 411 288 28.1 10.1 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 3,182 308 358 250 24.4 9.7 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 4,034 503 510 394 38.5 12.5 May 15, 2024 J-GAAP
Apr - Jun, 2024 3,283 253 304 202 19.8 7.7 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 3,949 464 470 329 32.1 11.7 Nov 14, 2024 J-GAAP
YoY +3.8% +21.1% +14.4% +14.2% +14.1%

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