MEC Company (4971) Q3 2026 earnings summary

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.