Mitani Corporation (8066) investor relations material

Executive summary

• Revenue reached ¥339.0 billion, flat year-over-year, with growth in information systems and gondola businesses offset by declines in fuel and construction materials.

• Operating income rose 2.8% to ¥32.4 billion, and net income attributable to shareholders increased 23.3% to ¥23.5 billion.

• Key drivers included special demand for educational IT, price increases in the spice business, and improved profitability in fuel wholesale.

• ROE improved to 13.2%, a 1.6 percentage point increase from the previous year.

Financial highlights

• Gross profit increased to ¥62.6 billion (up 4.1% year-over-year).

• Operating margin improved to 9.6% from 9.3% year-over-year.

• Ordinary income rose 9.0% to ¥36.6 billion.

• Comprehensive income was ¥27.5 billion, up 22.5% year-over-year.

• Total assets increased to ¥316.1 billion from ¥299.0 billion year-over-year.

Outlook and guidance

• FY2027 revenue forecasted at ¥330.0 billion (down 2.7%), operating income at ¥31.4 billion (down 3.1%), and net income at ¥21.2 billion (down 9.5%).

• Main headwinds include lower crude oil prices, reduced fuel sales due to Middle East instability, and intensified competition in spice and tire businesses.

• Dividend guidance for FY2027 is ¥88 per share (¥42 interim, ¥46 year-end).