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MINO CERAMIC, Oct-Dec (3Q) Ordinary Profit Decreases by 25%

Thu Feb 13, 2025 3:50 pm JST Earnings

5356 MINO CERAMIC CO.,LTD. 【J-GAAP】

Earnings Report

MINO CERAMIC CO.,LTD. <5356> [TSE Std] announced its financial results after the market closed on February 13th (15:50). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 8.7% from the same period last year, reaching 1.04 billion yen. However, the progress rate toward the full-year plan of 1.6 billion yen was 65.1%, also falling below the five-year average of 68.6%.

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 for the January to March period (4Q) is expected to grow 9.4% from the same period last year, reaching 0.55 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 0.26 billion yen, a 25.1% decrease compared to the same period last year. The operating profit margin worsened from 9.7% in the same period last year to 7.1%.

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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 10,125 842 951 650 63.5 62.2 Feb 9, 2023 J-GAAP
Apr - Dec, 2023 10,125 849 959 660 64.4 65.3 Feb 14, 2024 J-GAAP
Apr - Dec, 2024 10,600 956 1,042 732 71.5 65.1 Feb 13, 2025 J-GAAP
YoY +4.7% +12.6% +8.7% +10.9% +11.0%

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
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
Oct - Dec, 2024 3,368 239 268 201 19.6 7.1 Feb 13, 2025 J-GAAP
YoY +5.8% -22.4% -25.1% -19.6% -19.6%

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