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MITSUI-SOKO HOLDINGS, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 3%
9302 MITSUI-SOKO HOLDINGS Co., Ltd. 【J-GAAP】
Earnings ReportMITSUI-SOKO HOLDINGS Co., Ltd. <9302> [TSE Prime] announced its financial results after the market closed on November 7th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 21.0% from the same period last year, reaching 11.5 billion yen.
In addition, the full-year forecast for consolidated ordinary profit has been revised upward 2.5%, from the previous forecast of 20.0 billion yen to 20.5 billion yen (compared to 18.0 billion yen in the previous period), increasing the growth rate from 10.9% to 13.7%.
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 October to March period (second half) is expected to grow 5.5% from the same period last year, reaching 8.99 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 4.97 billion yen, a 9.8% decrease compared to the same period last year. The operating profit margin worsened from 7.7% in the same period last year to 7.1%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 131,862 | 11,843 | 12,206 | 7,182 | 96.2 | 58.1 | Nov 7, 2023 | J-GAAP |
| Apr - Sep, 2024 | 138,672 | 9,459 | 9,504 | 5,847 | 78.2 | 52.7 | Nov 8, 2024 | J-GAAP |
| Apr - Sep, 2025 | 147,009 | 11,628 | 11,501 | 5,589 | 74.7 | 56.1 | Nov 7, 2025 | J-GAAP |
| YoY | +6.0% | +22.9% | +21.0% | -4.4% | -4.5% |
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 | 146,000 | 10,800 | 10,400 | 5,000 | 66.8 | 24.50 | Aug 4, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 147,009 | 11,628 | 11,501 | 5,589 | 74.7 | 24.50 | Nov 7, 2025 | J-GAAP |
| Revision Rate | +0.7% | +7.7% | +10.6% | +11.8% | +11.8% |
Guidance Update
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 294,000 | 21,000 | 20,000 | 10,300 | 137.6 | 49 | Aug 4, 2025 | J-GAAP |
| Mar, 2026 New | 294,000 | 21,500 | 20,500 | 10,500 | 140.3 | 49 | Nov 7, 2025 | J-GAAP |
| Revision Rate | 0.0% | +2.4% | +2.5% | +1.9% | +1.9% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 | 142,070 | 8,372 | 8,533 | 4,193 | 56.1 | 24.34 | May 9, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 146,991 | 9,872 | 8,999 | 4,911 | 65.6 | 24.50 | Nov 7, 2025 | J-GAAP |
| YoY | +3.5% | +17.9% | +5.5% | +17.1% | +17.0% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 260,593 | 20,754 | 21,010 | 12,107 | 162.1 | 48.67 | May 10, 2024 | J-GAAP |
| Mar, 2025 | 280,742 | 17,831 | 18,037 | 10,040 | 134.3 | 48.67 | May 9, 2025 | J-GAAP |
| Mar, 2026 Guidance | 294,000 | 21,500 | 20,500 | 10,500 | 140.3 | 49 | Nov 7, 2025 | J-GAAP |
| YoY | +4.7% | +20.6% | +13.7% | +4.6% | +4.5% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 73,052 | 5,631 | 5,511 | 2,872 | 38.4 | 7.7 | Nov 8, 2024 | J-GAAP |
| Oct - Dec, 2024 | 73,332 | 5,466 | 5,598 | 3,114 | 41.6 | 7.5 | Feb 6, 2025 | J-GAAP |
| Jan - Mar, 2025 | 68,738 | 2,906 | 2,935 | 1,079 | 14.4 | 4.2 | May 9, 2025 | J-GAAP |
| Apr - Jun, 2025 | 73,624 | 6,385 | 6,529 | 3,272 | 43.7 | 8.7 | Aug 4, 2025 | J-GAAP |
| Jul - Sep, 2025 | 73,385 | 5,243 | 4,972 | 2,317 | 31.0 | 7.1 | Nov 7, 2025 | J-GAAP |
| YoY | +0.5% | -6.9% | -9.8% | -19.3% | -19.4% |
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