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Mitsubishi Logisnext, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 59%, Oct-Dec Ordinary Profit Decreases by 89%

Tue Feb 4, 2025 1:30 pm JST Earnings

7105 Mitsubishi Logisnext Co., Ltd. 【J-GAAP】

Earnings Report

Mitsubishi Logisnext Co., Ltd. <7105> [TSE Std] announced its financial results in the afternoon session on February 4th (13:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) significantly dropped 58.6% from the same period last year to 13.6 billion yen. The progress rate toward the full-year plan of 21 billion yen was 64.8%, also falling below the five-year average of 67.8%.

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 expand 59.8% from the same period last year, reaching 7.4 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit significantly dropped to 1.26 billion yen, a 89.2% decrease compared to the same period last year. The operating profit margin drastically worsened from 7.5% in the same period last year to 1.6%.

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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 440,958 7,430 6,068 2,762 25.9 52.1 Feb 7, 2023 J-GAAP
Apr - Dec, 2023 520,955 35,972 32,848 24,589 230.6 87.6 Feb 6, 2024 J-GAAP
Apr - Dec, 2024 500,789 18,217 13,600 9,734 91.3 64.8 Feb 4, 2025 J-GAAP
YoY -3.9% -49.4% -58.6% -60.4% -60.4%

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 357,998 19,866 16,419 10,958 102.8 20 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 341,451 11,554 8,668 8,027 75.3 24 Nov 5, 2024 J-GAAP
YoY -4.6% -41.8% -47.2% -26.7% -26.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 615,421 14,709 11,646 6,913 64.8 9 May 10, 2023 J-GAAP
Mar, 2024 701,770 42,603 37,479 27,520 258.1 20 May 8, 2024 J-GAAP
Mar, 2025 Guidance 670,000 27,000 21,000 18,000 168.8 24 Nov 5, 2024 J-GAAP
YoY -4.5% -36.6% -44.0% -34.6% -34.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 177,183 13,235 11,788 8,027 75.3 7.5 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 180,815 6,631 4,631 2,931 27.5 3.7 May 8, 2024 J-GAAP
Apr - Jun, 2024 165,885 7,008 5,809 7,781 73.0 4.2 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 162,664 8,438 6,523 2,192 20.6 5.2 Nov 5, 2024 J-GAAP
Oct - Dec, 2024 172,240 2,771 1,268 -239 -2.2 1.6 Feb 4, 2025 J-GAAP
YoY -2.8% -79.1% -89.2% － －

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