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MIMAKI ENGINEERING, The Current Fiscal Year Ordinary Profit Revised Upward by 5%, Raises Record High Profit Forecast

Thu Feb 13, 2025 11:30 am JST Earnings

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

Earnings Report

MIMAKI ENGINEERING CO.,LTD. <6638> [TSE Prime] announced its financial results at noon (11:30) on February 13th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) surged 2.0 times that of the same period last year, reaching 6.85 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 5.3%, from the previous forecast of 7.5 billion yen to 7.9 billion yen (compared to 4.88 billion yen in the previous period), increasing the growth rate from 53.6% to 61.8%, further surpassing the previous forecast of record-high profits for three consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 12.6%, from the previous forecast of 3.17 billion yen to 3.57 billion yen (compared to 2.86 billion yen in the same period of the previous year), increasing the growth rate from 10.8% to 24.8%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 80.5% from the same period last year, reaching 2.53 billion yen. The operating profit margin drastically improved from 8.3% in the same period last year to 13.3%.

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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 52,346 3,126 2,779 1,957 68.0 73.3 Mar 13, 2023 J-GAAP
Apr - Dec, 2023 54,826 3,946 3,417 2,437 84.7 70.0 Feb 14, 2024 J-GAAP
Apr - Dec, 2024 61,374 7,423 6,854 4,944 171.5 86.8 Feb 13, 2025 J-GAAP
YoY +11.9% +88.1% +100.6% +102.9% +102.4%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 41,558 3,552 3,179 2,350 81.4 15 Nov 11, 2024 J-GAAP
Oct - Mar, 2024 New 43,058 3,902 3,579 2,400 83.1 15 Feb 13, 2025 J-GAAP
Revision Rate +3.6% +9.9% +12.6% +2.1% +2.1%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 82,500 8,250 7,500 5,600 193.9 32.50 Nov 5, 2024 J-GAAP
Mar, 2025 New 84,000 8,600 7,900 5,650 195.7 32.50 Feb 13, 2025 J-GAAP
Revision Rate +1.8% +4.2% +5.3% +0.9% +0.9%

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 40,194 3,149 2,868 2,295 79.7 15 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 43,058 3,902 3,579 2,400 83.1 15 Feb 13, 2025 J-GAAP
YoY +7.1% +23.9% +24.8% +4.6% +4.2%

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 84,000 8,600 7,900 5,650 195.7 32.50 Feb 13, 2025 J-GAAP
YoY +11.1% +56.9% +61.8% +52.4% +51.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 19,389 1,615 1,403 1,025 35.6 8.3 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 20,805 1,534 1,465 1,270 44.1 7.4 May 13, 2024 J-GAAP
Apr - Jun, 2024 19,804 2,052 1,952 1,482 51.4 10.4 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 21,138 2,646 2,369 1,768 61.4 12.5 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 20,432 2,725 2,533 1,694 58.8 13.3 Feb 13, 2025 J-GAAP
YoY +5.4% +68.7% +80.5% +65.3% +64.9%

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