Meiji Electric Industries Co (3388) Q2 2026 earnings summary

Executive summary

• Net sales for the six months ended September 30, 2025, rose 7.5% year-over-year to ¥36,745 million, with operating profit nearly doubling to ¥1,645 million, and profit attributable to owners of parent up 105% to ¥1,306 million.

• Comprehensive income increased 37% year-over-year to ¥1,493 million.

Financial highlights

• Operating profit margin improved significantly, with operating profit up 98.5% year-over-year.

• Ordinary profit rose 95.6% year-over-year to ¥1,813 million.

• Basic earnings per share for the period was ¥102.58, up from ¥50.09 a year earlier.

• Gross profit increased to ¥5,898 million from ¥5,030 million year-over-year.

Outlook and guidance

• Full-year forecast for fiscal year ending March 31, 2026: net sales of ¥82,500 million (+4.9% YoY), operating profit of ¥3,730 million (+13.2% YoY), ordinary profit of ¥3,990 million (+10.9% YoY), and profit attributable to owners of parent of ¥2,800 million (+15.0% YoY).

• Annual dividend forecast raised to ¥88.00 per share.