Meiji Electric Industries Co (3388) Q3 2026 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2025, rose 1.4% year-over-year to ¥53,817 million, with operating profit up 40.2% to ¥2,187 million and profit attributable to owners of parent up 40.3% to ¥1,785 million.

• Comprehensive income surged 81.8% year-over-year to ¥2,539 million for the nine-month period.

Financial highlights

• Gross profit for the nine months was ¥7,913 million, down from ¥8,688 million year-over-year.

• Ordinary profit increased 38.5% year-over-year to ¥2,494 million.

• Basic earnings per share rose to ¥140.11 from ¥100.02 year-over-year.

• Equity-to-asset ratio improved to 68.8% as of December 31, 2025, from 63.4% at March 31, 2025.

Outlook and guidance

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

• Annual dividend forecast raised to ¥88.00 per share.