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MIMAKI ENGINEERING CO.,LTD., First Half Ordinary Profit Revised Upward by 19%, Exceeded record profit forecast, Full Year also Increased, Dividend Revised Upward by 2.5 yen

Tue Nov 5, 2024 11:30 am JST Revision

6638 MIMAKI ENGINEERING CO.,LTD. 【J-GAAP】

Guidance Update Report

MIMAKI ENGINEERING CO.,LTD. <6638> [TSE-P] announced a revision to its performance and dividend at noon (11:30) on November 5th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) has been revised upward by 19.4%, from the previous forecast of 3.6 billion yen to 4.3 billion yen (compared to 2.01 billion yen in the same period of the previous year), increasing the growth rate from 78.7% to 2.1 times. The company has further increased its previous forecast of record profits for the first time in ten years.

Following the strong performance in the first half, the full-year consolidated ordinary profit has been revised upward by 10.3%, from the previous forecast of 6.8 billion yen to 7.5 billion yen (compared to 4.88 billion yen in the previous period), increasing the growth rate from 39.3% to 53.6%, further surpassing the previous forecast of record-high profits for three consecutive terms.

At the same time, the dividend for the first half of this fiscal year has been increased from the original plan of 15 yen to 17.5 yen (compared to 10 yen in the same period of the previous year), resulting in the annual dividend of 32.5 yen.

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Guidance Update

First Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Prev 40,900 3,900 3,600 2,550 88.4 15 Aug 1, 2024 J-GAAP
Apr - Sep, 2024 New 40,900 4,650 4,300 3,250 112.7 17.50 Nov 5, 2024 J-GAAP
Revision Rate 0.0% +19.2% +19.4% +27.5% +27.5%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 82,500 7,400 6,800 4,900 169.7 30 Aug 1, 2024 J-GAAP
Mar, 2025 New 82,500 8,250 7,500 5,600 193.9 32.50 Nov 5, 2024 J-GAAP
Revision Rate 0.0% +11.5% +10.3% +14.3% +14.3%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2023 35,437 2,331 2,014 1,412 49.1 10 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 Guidance 40,900 4,650 4,300 3,250 112.7 17.50 Nov 5, 2024 J-GAAP
YoY +15.4% +99.5% +113.5% +130.2% +129.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 70,607 4,241 3,789 2,807 97.6 17.50 May 15, 2023 J-GAAP
Mar, 2024 75,631 5,480 4,882 3,707 128.8 25 May 13, 2024 J-GAAP
Mar, 2025 Guidance 82,500 8,250 7,500 5,600 193.9 32.50 Nov 5, 2024 J-GAAP
YoY +9.1% +50.5% +53.6% +51.1% +50.6%

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