Meiji Electric Industries Co (3388) Q4 2025 earnings summary

Executive summary

• Net sales increased by 5.5% year-over-year to ¥78,672 million for the fiscal year ended March 31, 2025.

• Operating profit rose 13.1% year-over-year to ¥3,294 million, and ordinary profit grew 7.9% to ¥3,596 million.

• Profit attributable to owners of parent was ¥2,435 million, nearly flat year-over-year.

• Comprehensive income declined to ¥2,538 million from ¥4,217 million in the prior year.

Financial highlights

• Gross profit increased to ¥11,794 million from ¥10,992 million year-over-year.

• Operating margin improved to 4.2% from 3.9% year-over-year.

• Net assets rose to ¥34,770 million, with an equity-to-asset ratio of 63.4%.

• Cash and cash equivalents at year-end were ¥7,905 million, up from ¥7,332 million.

• Dividend per share for FY2025 was ¥58.00, with a payout ratio of 30.3%.

Outlook and guidance

• FY2026 net sales forecasted at ¥82,500 million, up 4.9% year-over-year.

• Operating profit projected to rise 13.2% to ¥3,730 million; profit attributable to owners of parent expected to increase 15.0% to ¥2,800 million.

• Basic earnings per share forecasted at ¥219.87 for FY2026.

• Interim (six months ending September 30, 2025) net sales expected at ¥40,600 million, up 18.8% year-over-year.