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MITSUBA, Jul-Sep (2Q) Ordinary Profit Increases by 24%

Wed Nov 12, 2025 1:00 pm JST Earnings

7280 MITSUBA Corporation 【J-GAAP】

Earnings Report

MITSUBA Corporation <7280> [TSE Prime] announced its financial results in the afternoon session on November 12th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 17.1% from the same period last year, reaching 10.2 billion yen, resulting in an increase in profits compared to the previous forecast of an 8.9% decrease.

Progress toward the full-year plan of 15.0 billion yen was 68.6%, also surpassing the five-year average of 40.4%.

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 significant drop 57.2% from the same period last year to 4.71 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 23.7% from the same period last year, reaching 5.24 billion yen. However, the operating profit margin worsened from 6.7% in the same period last year to 6.1%.

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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, 2023 166,020 6,979 8,536 4,511 94.1 38.2 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 170,730 10,265 8,784 6,780 147.0 44.4 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 167,335 9,938 10,287 6,520 133.4 68.6 Nov 12, 2025 J-GAAP
YoY -2.0% -3.2% +17.1% -3.8% -9.2%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 160,000 8,000 8,000 4,700 102.2 0 Aug 5, 2025 J-GAAP
Apr - Sep, 2025 Results 167,335 9,938 10,287 6,520 133.4 0 Nov 12, 2025 J-GAAP
Revision Rate +4.6% +24.2% +28.6% +38.7% +30.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 178,623 10,665 11,004 5,084 107.9 10 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 152,665 6,062 4,713 1,480 29.1 15 Nov 12, 2025 J-GAAP
YoY -14.5% -43.2% -57.2% -70.9% -73.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 344,154 21,152 22,344 13,741 293.6 6 May 10, 2024 J-GAAP
Mar, 2025 349,353 20,930 19,788 11,864 251.9 10 May 14, 2025 J-GAAP
Mar, 2026 Guidance 320,000 16,000 15,000 8,000 157.0 15 Aug 5, 2025 J-GAAP
YoY -8.4% -23.6% -24.2% -32.6% -37.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 86,294 5,786 4,241 3,381 73.3 6.7 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 86,648 5,342 6,262 3,690 79.3 6.2 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 91,975 5,323 4,742 1,394 29.6 5.8 May 14, 2025 J-GAAP
Apr - Jun, 2025 80,678 4,654 5,042 3,394 69.7 5.8 Aug 5, 2025 J-GAAP
Jul - Sep, 2025 86,657 5,284 5,245 3,126 64.0 6.1 Nov 12, 2025 J-GAAP
YoY +0.4% -8.7% +23.7% -7.5% -12.7%

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