MEC Company
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MEC Company (4971) investor relations material

MEC Company Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary11 Nov, 2026

Executive summary

  • 9M sales rose 31.6% YoY to ¥19,730 million; operating income increased 57.6% to ¥6,696 million.

  • Strong demand for chemicals used in advanced, AI-related semiconductor package substrates supported results; FY2026 forecasts were revised upward.

Financial highlights

  • 9M gross profit rose 36.0% to ¥12,712 million; SG&A increased 17.9% to ¥6,016 million, mainly on personnel and shipping costs.

  • Operating income rose 57.6% to ¥6,696 million; ordinary income increased 55.8% to ¥6,796 million.

  • Net income attributable to owners of parent rose 44.9% to ¥4,823 million; EBITDA was ¥7,444 million, up 38.8%.

  • Foreign exchange contributed ¥1,182 million to sales growth and ¥740 million to operating income growth YoY.

  • Comprehensive income was ¥8,074 million versus ¥3,595 million a year earlier; higher sales and the absence of a prior-year temporary tax impact supported net income.

Outlook and guidance

  • FY2026 forecast: sales ¥26,500 million (+26.5%), operating income ¥8,600 million (+49.6%), ordinary income ¥8,700 million (+43.8%) and net income ¥6,100 million (+21.3%).

  • Forecast EPS is ¥334.05; FY2026 annual dividends are forecast at ¥110 per share, including ¥55 per share for the second quarter.

  • Forecasts reflect current information and assumptions; actual results may differ due to crude oil prices, price trends and financial-market volatility.

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Frequently asked questions

MEC Company Ltd, specializes in the research, development, production, and sale of chemicals, equipment, and related materials for printed circuit board manufacturing. Their product lineup is comprehensive, covering various chemicals for electronic substrates including roughening type adhesion enhancement, rolled annealed copper roughening treatment, pre-lamination treatment of multilayer substrates, anisotropic etching, and seed layer etching among others. Additionally, MEC offers AMALPHA, a proprietary metal surface treatment technology designed for direct bonding between metal and resin. Founded in 1969, MEC has established its presence in the specialty chemicals sector, contributing to advancements in electronic substrates and metal-to-resin bonding technologies. The company is headquartered in Amagasaki, Japan, and its shares are listed on the Tokyo Stock Exchange.