Mitsubishi Research Institute Second Quarter 2024 Earnings: EPS: JP¥317 (vs JP¥328 in 2Q 2023)

Simply Wall St

April 26, 2024

Mitsubishi Research Institute (TSE:3636) Second Quarter 2024 Results

Key Financial Results

Revenue: JP¥38.9b (down 15% from 2Q 2023).
Net income: JP¥5.03b (down 4.5% from 2Q 2023).
Profit margin: 13% (up from 12% in 2Q 2023). The increase in margin was driven by lower expenses.
EPS: JP¥317 (down from JP¥328 in 2Q 2023).

earnings-and-revenue-growth — TSE:3636 Earnings and Revenue Growth April 26th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Mitsubishi Research Institute Earnings Insights

Looking ahead, revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the IT industry in Japan.

Performance of the Japanese IT industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Mitsubishi Research Institute that you need to be mindful of.

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