Meiji Electric Industries Co (3388) Q1 2027 earnings summary

Executive summary

• Net sales for the quarter ended June 30, 2026, were ¥14,250 million, down 15.6% year-over-year.

• Operating profit dropped 94.3% to ¥30 million, and profit attributable to owners of parent fell 77.7% to ¥98 million compared to the same quarter last year.

• Comprehensive income surged to ¥1,277 million, up 174.7% year-over-year, driven by significant gains in other comprehensive income.

Financial highlights

• Gross profit for the quarter was ¥2,324 million, down from ¥2,713 million year-over-year.

• Operating profit was ¥30 million, a sharp decline from ¥535 million in the prior year.

• Ordinary profit decreased to ¥146 million from ¥619 million year-over-year.

• Basic earnings per share for the quarter were ¥7.73, down from ¥34.54 year-over-year.

Outlook and guidance

• Full-year net sales forecast for FY ending March 31, 2027, is ¥84,000 million, up 10.0% year-over-year.

• Operating profit is projected at ¥4,070 million, up 10.9% year-over-year.

• Profit attributable to owners of parent is forecast at ¥3,060 million, up 7.6% year-over-year.

• No revisions to previously announced earnings forecasts.