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Mitachi: Confirmation
Mitachi: Half Year Report - 49th Term (2024/06/01 - 2025/05/31)
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<3321> Mitachi 1178 -52 significantly continued to decline. The previous day, the first half earnings report was announced, with an operating profit of 0.95 billion yen, a year-on-year increase of 1.3%. On November 22, the forecast was revised upward from the previous estimate of 0.6 billion yen to 0.9 billion yen, landing as expected. The full-year estimates were also revised upward at the same time, from the previous 1.8 billion yen to 1.9 billion yen, a 19.4% increase compared to the previous period, but this time the forecast has been held steady. While the stock price was trading at a high level, it responded to the earnings report which lacked surprises.
Mitachi --- significantly continues to fall, with a lack of surprise in the earnings report, leading to a prevailing sense of exhaustion.
Mitachi (3321) experienced a significant decline. On the previous day, the half-year Earnings Reports were announced, with an operating profit of 0.95 billion yen, reflecting a 1.3% increase compared to the same period last year. On November 22, the Financial Estimates were revised upward from the previous estimate of 0.6 billion yen to 0.9 billion yen, aligning with expectations. The full-year forecast was also simultaneously revised upward from the previous 1.8 billion yen to 1.9 billion yen, a 19.4% increase compared to the previous term, but this time, the estimate remains unchanged. Despite the stock price remaining high, the lack of surprises in the Earnings Reports led to a sense of exhaustion in the short term.
Okaya Steel Corporation, operating profit for Q3 increased by 4.6% to 25.8 billion yen.
Okaya & Co., Ltd. <7485> announced its performance for the third quarter of the fiscal year ending February 2025, with revenue increasing by 1% year-on-year to 827.9 billion 66 million yen, and operating profit increasing by 4.6% year-on-year to 25.8 billion 93 million yen. The Iron & Steel sector performed well for Manufacturing, but the Construction Materials segment decreased. Overseas, sales to Asia decreased, while sales to Europe and the United States increased. The Electronics sector saw an increase in Infrastructure-related information, but a decrease in automotive Components and FA-related products. The Nonferrous Metals sector faced rising material prices, and there was an increase in environmentally friendly materials.
Mitachi: Summary of financial results for the 2nd quarter (interim period) for the fiscal year ending May 2025 [Japanese GAAP] (consolidated)