Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.
Summary of Consolidated Financial Results for the Three Months Ended June 30, 2025 (Based on Japanese GAAP)
Company name: MITANI SANGYO CO., LTD. Stock exchange listing: Tokyo, Nagoya
Stock code: 8285 URL https://www.mitani.co.jp/
Representative: | President & CEO | Tadateru Mitani | |
Inquiries: | Director & CFO | Daigou Uchida | TEL 03-3514-6003 |
Scheduled date to commence dividend payments: -Preparation of supplementary material on financial results: Yes Holding of financial results meeting: No
July 31, 2025
(Amounts less than one million yen are rounded down)
Consolidated financial results for the three months ended June 30, 2025 (from April 1, 2025 to June 30, 2025)
Consolidated operating results (cumulative) Percentages indicate year-on-year changes
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Millions of yen
%
Millions of yen
%
Millions of yen
%
Millions of yen
%
Three months ended June 30, 2025
25,651
13.5
400
-
780
151.7
599
101.6
Three months ended June 30, 2024
22,599
6.1
3
(69.0)
310
30.8
297
(2.8)
Earnings per share
Diluted earnings per share
Yen
Yen
Three months ended June 30, 2025
9.73
-
Three months ended June 30, 2024
4.83
-
Consolidated financial position
Total assets
Net assets
Equity ratio
Net assets per share
Millions of yen
Millions of yen
%
Yen
As of June 30, 2025
96,362
50,138
51.8
811.18
As of March 31, 2025
93,496
47,572
50.7
769.51
Cash dividends
Annual dividends per share
1st quarter-end
2nd quarter-end
3rd quarter-end
Fiscal year-end
Total
Yen
Yen
Yen
Yen
Yen
Year ended March 31, 2025
-
4.50
-
5.50
10.00
Year ending March 31, 2026
-
Year ending March 31, 2026 (Forecast)
4.50
-
5.50
10.00
Forecast of consolidated financial results for the year ending March 31, 2026 (from April 1, 2025 to March 31, 2026)
Percentages indicate year-on-year changes
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Earnings per share
Full year
Millions of yen
110,000
%
6.7
Millions of yen
2,250
%
8.5
Millions of yen
2,950
%
11.0
Millions of yen
2,450
%
0.4
Yen
39.79
Notes
Significant changes in the scope of consolidation during the three months ended June 30, 2025: No
Application of special accounting methods for preparing quarterly consolidated financial statements: Yes
Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements Changes in accounting policies due to revisions to accounting standards and other regulations: No Changes in accounting policies due to other reasons: No
Changes in accounting estimates: No
Restatement of prior period financial statements: No
Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
61,772,500 shares
As of March 31, 2025
61,772,500 shares
As of June 30, 2025
Number of treasury shares at the end of the period
202,085 shares
As of March 31, 2025
202,065 shares
As of June 30, 2025
Average number of shares during the period (cumulative from the beginning of the fiscal year)
61,570,348 shares
Three months ended June 30, 2024
61,570,430 shares
Three months ended June 30, 2025
Quarterly consolidated financial statements Consolidated balance sheets
Assets
Current assets
(Millions of yen)
As of March 31, 2025 As of June 30, 2025
Cash and deposits | 8,445 | 8,454 |
Notes and accounts receivable - trade | 18,162 | 16,982 |
Electronically recorded monetary claims - operating | 3,596 | 4,047 |
Accounts receivable from completed construction contracts | 8,263 | 6,441 |
Merchandise and finished goods | 2,365 | 3,952 |
Work in process | 566 | 548 |
Costs on construction contracts in progress | 93 | 113 |
Raw materials and supplies | 1,565 | 1,649 |
Other | 3,044 | 2,940 |
Allowance for doubtful accounts | (42) | (38) |
Total current assets | 46,060 | 45,090 |
Non-current assets Property, plant and equipment | ||
Buildings and structures, net | 9,809 | 9,600 |
Land | 4,058 | 4,058 |
Other, net | 2,597 | 2,856 |
Total property, plant and equipment | 16,465 | 16,514 |
Intangible assets | ||
Software | 667 | 758 |
Other | 318 | 300 |
Total intangible assets | 985 | 1,059 |
Investments and other assets | ||
Investment securities | 27,440 | 31,148 |
Other | 2,593 | 2,599 |
Allowance for doubtful accounts | (50) | (50) |
Total investments and other assets | 29,984 | 33,698 |
Total non-current assets | 47,436 | 51,272 |
Total assets | 93,496 | 96,362 |
Liabilities
Current liabilities
(Millions of yen)
As of March 31, 2025 As of June 30, 2025
Notes and accounts payable - trade | 11,146 | 12,292 |
Electronically recorded obligations - operating | 1,772 | 1,872 |
Accounts payable for construction contracts | 2,342 | 2,137 |
Short-term borrowings | 14,085 | 13,661 |
Income taxes payable | 766 | 235 |
Provision for bonuses for directors (and other officers) | 222 | 32 |
Provision for loss on orders received | 4 | 11 |
Provision for warranties for completed construction | 15 | 17 |
Provision for product warranties | 284 | 284 |
Provision for shareholder benefit program | 73 | 72 |
Other | 6,073 | 5,525 |
Total current liabilities | 36,786 | 36,141 |
Non-current liabilities
Long-term borrowings 2,464 2,166
Provision for retirement benefits for directors (and other officers) | 591 482 | |
Retirement benefit liability | 380 | 378 |
Asset retirement obligations | 279 | 280 |
Other | 5,421 | 6,774 |
Total non-current liabilities | 9,137 | 10,082 |
Total liabilities | 45,924 | 46,224 |
Net assets Shareholders' equity Share capital | 4,808 | 4,808 |
Capital surplus | 3,390 | 3,390 |
Retained earnings | 28,160 | 28,421 |
Treasury shares | (42) | (42) |
Total shareholders' equity | 36,316 | 36,577 |
Accumulated other comprehensive income Valuation difference on available-for-sale securities | 10,508 | 13,080 |
Deferred gains or losses on hedges | 0 | 0 |
Foreign currency translation adjustment | 508 | 244 |
Remeasurements of defined benefit plans | 44 | 41 |
Total accumulated other comprehensive income | 11,062 | 13,367 |
Non-controlling interests | 192 | 193 |
Total net assets | 47,572 | 50,138 |
Total liabilities and net assets | 93,496 | 96,362 |
(Millions of yen)
Three months ended June 30, 2024 | Three months ended June 30, 2025 | |
Net sales | 22,599 | 25,651 |
Cost of sales | 18,327 | 20,733 |
Gross profit | 4,272 | 4,917 |
Selling, general and administrative expenses | 4,269 | 4,517 |
Operating profit | 3 | 400 |
Non-operating income Interest income | 2 | 3 |
Dividend income | 240 | 265 |
Share of profit of entities accounted for using equity method | 43 | 60 |
Rent income on real estate and facilities | 39 | 39 |
Foreign exchange gains | 17 | 42 |
Other | 46 | 69 |
Total non-operating income | 389 | 480 |
Non-operating expenses Interest expenses | 40 | 49 |
Rent expenses on real estate and facilities | 28 | 29 |
Other | 12 | 21 |
Total non-operating expenses | 82 | 100 |
Ordinary profit | 310 | 780 |
Extraordinary income Gain on sale of non-current assets | 0 | 0 |
Gain on sale of investment securities | 231 | 61 |
Total extraordinary income | 231 | 61 |
Extraordinary losses Loss on retirement of non-current assets | 2 | 3 |
Loss on valuation of investment securities | 5 | 1 |
Total extraordinary losses | 7 | 5 |
Profit before income taxes | 533 | 836 |
Income taxes | 231 | 233 |
Profit | 302 | 602 |
Profit attributable to non-controlling interests | 5 | 3 |
Profit attributable to owners of parent | 297 | 599 |
Consolidated statements of comprehensive income (cumulative) | (Millions of yen) | ||
Three months ended | Three months ended | ||
June 30, 2024 | June 30, 2025 | ||
Profit | 302 | 602 | |
Other comprehensive income | |||
Valuation difference on available-for-sale securities | (503) | 2,554 | |
Deferred gains or losses on hedges | 0 | 0 | |
Foreign currency translation adjustment | 224 | (266) | |
Share of other comprehensive income of entities accounted | 3 | 14 | |
for using equity method | |||
Total other comprehensive income | (275) | 2,302 | |
Comprehensive income | 27 | 2,905 | |
Comprehensive income attributable to | |||
Comprehensive income attributable to owners of parent | 21 | 2,904 | |
Comprehensive income attributable to non-controlling | 5 | 1 | |
interests