Meidensha (6508) investor relations material

Executive summary

• Net sales rose 25.7% year-over-year to ¥73,412 million for the three months ended June 30, 2026, with significant growth in operating and ordinary income.

• Operating income surged to ¥4,664 million (up 1,240.2%), and net income attributable to owners of the parent increased to ¥5,059 million (up 986.6%).

• Comprehensive income reached ¥7,455 million, a 237.6% increase year-over-year.

Financial highlights

• Gross profit increased to ¥21,755 million from ¥15,251 million year-over-year.

• Equity ratio improved to 49.1% as of June 30, 2026, from 46.8% at the previous fiscal year-end.

• Cash flows from operating activities increased to ¥30,700 million from ¥23,270 million year-over-year.

• Total assets decreased to ¥361,068 million, mainly due to collection of receivables.

Outlook and guidance

• Full-year net sales forecast revised upward to ¥365,000 million (up 11.9% year-over-year).

• Operating income forecast raised to ¥33,000 million (up 21.7%), and net income to ¥25,000 million (up 5.8%).

• Interim and full-year dividend forecasts are yet to be determined.

• Management expects robust demand in Power Infrastructure and improved profitability in Social Infrastructure Systems, despite concerns over EV business delays.