Miroku Jyoho Service (9928) Q2 2025 earnings summary

Executive summary

• Net sales for Sep 2024 reached ¥22,749 million, up 7.4% year-over-year; operating profit rose 6.0% to ¥2,967 million.

• Ordinary profit increased 5.8% to ¥3,028 million, and profit attributable to owners of parent grew 12.5% to ¥2,059 million compared to Sep 2023.

• Comprehensive income rose 5.8% year-over-year to ¥1,745 million.

Financial highlights

• Basic earnings per share for Sep 2024 was ¥68.84, up from ¥61.24 in Sep 2023; diluted EPS was ¥66.97, up from ¥53.11.

• Total assets as of Sep 2024 were ¥45,227 million, with net assets at ¥27,459 million and a capital adequacy ratio of 59.7%.

• Net assets per share increased to ¥902.39 from ¥892.77 in Mar 2024.

Outlook and guidance

• Full-year net sales forecast for Mar 2025 is ¥45,500 million, with operating profit projected at ¥6,740 million (up 3.5%).

• Ordinary profit forecast is ¥6,750 million (up 7.0%), and profit attributable to owners of parent is expected to reach ¥4,440 million (up 4.7%).

• Full-year basic EPS forecast is ¥148.36.

• Year-end dividend forecast is ¥50–55 per share.