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MITSUBISHI PENCIL, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 17% Decrease, Dividend Revised Upward by 4 Yen

Thu Jul 31, 2025 3:30 pm JST Earnings

7976 MITSUBISHI PENCIL CO.,LTD. 【J-GAAP】

Earnings Report

MITSUBISHI PENCIL CO.,LTD. <7976> [TSE Prime] announced its financial results after the market closed on July 31st (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending December 2025 (January to June) decreased 21.7% from the same period last year to 4.95 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 21.2%, from the previous forecast of 13.7 billion yen to 10.8 billion yen (compared to 12.9 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 16.6% decrease in profit.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the July to December period (second half) is expected to decrease 11.7% from the same period last year to 5.84 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 48 yen to 52 yen (compared to 46 yen in the previous period).

In the most recent three-month period, from April to June (2Q), the consolidated ordinary profit decreased to 2.61 billion yen, an 8.7% decrease compared to the same period last year. However, the operating profit margin improved from 9.4% in the same period last year to 10.9%.

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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
Jan - Jun, 2023 36,240 5,658 6,538 4,436 81.4 50.7 Jul 27, 2023 J-GAAP
Jan - Jun, 2024 42,434 5,165 6,333 6,644 121.8 48.9 Jul 30, 2024 J-GAAP
Jan - Jun, 2025 43,245 4,799 4,957 3,144 57.3 45.9 Jul 31, 2025 J-GAAP
YoY +1.9% -7.1% -21.7% -52.7% -53.0%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Guidance ー ー ー ー － 24 Feb 13, 2025 J-GAAP
Jan - Jun, 2025 Results 43,245 4,799 4,957 3,144 57.3 26 Jul 31, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 93,000 13,100 13,700 9,600 177.5 48 Feb 13, 2025 J-GAAP
Dec, 2025 New 91,000 10,500 10,800 7,000 129.4 52 Jul 31, 2025 J-GAAP
Revision Rate -2.2% -19.8% -21.2% -27.1% -27.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 46,386 7,024 6,619 4,628 84.1 25 Feb 13, 2025 J-GAAP
Jul - Dec, 2025 Guidance 47,755 5,701 5,843 3,856 71.3 26 Jul 31, 2025 J-GAAP
YoY +3.0% -18.8% -11.7% -16.7% -15.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 74,801 11,851 12,889 10,166 186.8 40 Feb 16, 2024 J-GAAP
Dec, 2024 88,820 12,189 12,952 11,272 204.8 46 Feb 13, 2025 J-GAAP
Dec, 2025 Guidance 91,000 10,500 10,800 7,000 129.4 52 Jul 31, 2025 J-GAAP
YoY +2.5% -13.9% -16.6% -37.9% -36.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 22,361 2,100 2,865 4,507 82.6 9.4 Jul 30, 2024 J-GAAP
Jul - Sep, 2024 20,478 2,546 1,796 981 17.9 12.4 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 25,908 4,478 4,823 3,647 66.3 17.3 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 22,588 2,556 2,340 1,459 26.4 11.3 Apr 25, 2025 J-GAAP
Apr - Jun, 2025 20,657 2,243 2,617 1,685 30.7 10.9 Jul 31, 2025 J-GAAP
YoY -7.6% +6.8% -8.7% -62.6% -62.8%

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