Meiji Electric Industries Co (3388) Q1 2026 earnings summary

Executive summary

• Net sales for the three months ended June 30, 2025, rose 11.4% year-over-year to ¥16,878 million, with operating profit surging to ¥535 million from ¥45 million, and profit attributable to owners of parent increasing to ¥439 million from ¥133 million.

• Comprehensive income for the quarter was ¥464 million, up 3.0% year-over-year.

Financial highlights

• Gross profit increased to ¥2,713 million from ¥2,154 million year-over-year, while operating profit margin improved significantly.

• Ordinary profit jumped to ¥619 million from ¥189 million, and basic earnings per share rose to ¥34.54 from ¥10.46.

• Total assets as of June 30, 2025, were ¥51,429 million, with an equity-to-asset ratio of 67.0%.

Outlook and guidance

• Full-year net sales forecast for fiscal year ending March 31, 2026, is ¥82,500 million, up 4.9% year-over-year.

• Operating profit is projected at ¥3,730 million (up 13.2%), ordinary profit at ¥3,990 million (up 10.9%), and profit attributable to owners of parent at ¥2,800 million (up 15.0%).

• No revisions to previously announced earnings forecasts.