Meiji Electric Industries Co (3388) Q2 2025 earnings summary

Executive summary

• Net sales for the six months ended September 30, 2024, were ¥34,173 million, up 0.6% year-over-year.

• Operating profit declined 24.7% year-over-year to ¥828 million.

• Ordinary profit decreased 31.9% year-over-year to ¥927 million.

• Profit attributable to owners of parent fell 33.9% year-over-year to ¥637 million.

Financial highlights

• Gross profit for the period was ¥5,030 million, nearly flat year-over-year.

• Selling, general and administrative expenses increased to ¥4,201 million from ¥3,919 million year-over-year.

• Earnings per share for the six months was ¥50.09, down from ¥76.17 in the prior year.

• Comprehensive income for the period was ¥1,089 million, down from ¥1,613 million year-over-year.

Outlook and guidance

• Full-year net sales forecast is ¥77,500 million, up 3.9% year-over-year.

• Full-year operating profit is projected at ¥3,010 million, up 3.3% year-over-year.

• Full-year profit attributable to owners of parent is forecast at ¥2,240 million, down 7.7% year-over-year.

• Full-year earnings per share forecast is ¥176.03.

• Annual dividend forecast is ¥60.00 per share.