Mitsuboshi Belting releases H1 FY2025 results, announces share buyback

Mitsuboshi Belting reported consolidated net sales of JPY 45,868 million for the six months ended September 30, 2025, a 0.9% increase year-on-year. Operating profit rose 1.1% to JPY 4,597 million, and ordinary profit surged 18.4% to JPY 5,075 million. Profit attributable to owners of parent decreased by 36.5% to JPY 3,870 million, with basic earnings per share at JPY 137.45. The company's total assets stood at JPY 130,722 million, with net assets at JPY 98,311 million, as of September 30, 2025.

In a related announcement, Mitsuboshi Belting's board of directors resolved on November 10, 2025, to acquire up to 350,000 of its common shares, representing 1.24% of total issued shares, for a total cost not exceeding JPY 1,000 million. This buyback program, effective from November 11, 2025, to January 30, 2026, will be executed via market purchases on the Tokyo Stock Exchange. The company highlighted this initiative as part of its financial strategy to maintain a flexible capital policy and a shareholder return measure under its '24 Mid-Term Business Plan.

For the fiscal year ending March 31, 2026, the company forecasts consolidated net sales of JPY 89,000 million, operating profit of JPY 8,600 million, ordinary profit of JPY 8,600 million, and profit attributable to owners of parent of JPY 6,800 million, resulting in JPY 242.57 basic earnings per share. No revisions to these earnings forecasts have been announced since May 14, 2025.