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Mito Securities Co., Ltd., July-September (2Q) Ordinary Profit Decreases by 33%

Wed Oct 30, 2024 1:20 pm JST Earnings

8622 Mito Securities Co., Ltd. 【J-GAAP】

Earnings Report

Mito Securities Co., Ltd. <8622> [TSE-P] announced its financial results in the afternoon session on October 30th (13:20). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 6.8% from the same period last year, reaching 1.36 billion yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit dropped to 338 million yen, a 33.3% decrease compared to the same period last year. The operating profit margin decreased from 13.2% in the same period last year to 9.2%.

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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, 2022 5,770 -34 238 169 2.6 128.0 Oct 28, 2022 J-GAAP
Apr - Sep, 2023 6,990 1,042 1,273 1,045 16.2 45.4 Oct 30, 2023 J-GAAP
Apr - Sep, 2024 7,212 1,098 1,360 1,108 17.3 Oct 30, 2024 J-GAAP
YoY +3.2% +5.4% +6.8% +6.0% +7.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 7,226 1,102 1,364 1,112 17.5 15 Oct 17, 2024 J-GAAP
Apr - Sep, 2024 Results 7,212 1,098 1,360 1,108 17.3 15 Oct 30, 2024 J-GAAP
Revision Rate -0.2% -0.4% -0.3% -0.4% -0.7%

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 7,564 1,349 1,530 1,291 20.0 14 Apr 26, 2024 J-GAAP
Oct - Mar, 2024 Guidance Apr 26, 2024 J-GAAP
YoY

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 11,196 -268 186 773 12.0 22 Apr 28, 2023 J-GAAP
Mar, 2024 14,554 2,391 2,803 2,336 36.2 24 Apr 26, 2024 J-GAAP
Mar, 2025 Guidance Apr 26, 2024 J-GAAP
YoY

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,420 450 507 322 5.0 13.2 Oct 30, 2023 J-GAAP
Oct - Dec, 2023 3,191 271 414 275 4.3 8.5 Jan 30, 2024 J-GAAP
Jan - Mar, 2024 4,373 1,078 1,116 1,016 15.7 24.7 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 4,043 805 1,022 850 13.2 19.9 Jul 30, 2024 J-GAAP
Jul - Sep, 2024 3,169 293 338 258 4.0 9.2 Oct 30, 2024 J-GAAP
YoY -7.3% -34.9% -33.3% -19.9% -19.0%

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