Meiji Electric Industries Co (3388) Q4 2026 earnings summary

Executive summary

• Net sales for FY ended March 31, 2026 were ¥76,360 million, down 2.9% year-over-year, while operating profit rose 11.4% to ¥3,670 million and ordinary profit increased 13.7% to ¥4,090 million.

• Profit attributable to owners of parent grew 16.8% year-over-year to ¥2,844 million.

• Comprehensive income surged 75.9% year-over-year to ¥4,464 million.

Financial highlights

• Gross profit increased to ¥12,388 million from ¥11,794 million year-over-year.

• Operating profit margin improved to 4.8% from 4.2% year-over-year.

• Cash and cash equivalents at period end more than doubled to ¥14,779 million from ¥7,905 million.

• Net assets per share rose to ¥2,970.72 from ¥2,700.65 year-over-year.

• Annual dividend per share increased to ¥90.00, with a payout ratio of 40.3%.

Outlook and guidance

• FY ending March 31, 2027 forecast: net sales ¥84,000 million (+10.0% YoY), operating profit ¥4,070 million (+10.9%), ordinary profit ¥4,380 million (+7.1%), profit attributable to owners of parent ¥3,060 million (+7.6%).

• Basic earnings per share forecast at ¥239.97 for FY 2027.