Meiko Electronics (6787) Q1 2026 earnings summary

Executive summary

• Q1 FY2025 net sales reached ¥53,072 million, up 12.9% year-over-year, with operating income at ¥5,585 million, a 71.0% increase, and net income at ¥4,394 million, up 50.3% year-over-year.

• Net income for Q1 FY2025 rose 22.6% sequentially.

• Comprehensive income for the quarter was ¥101 million, a significant decrease from ¥10,041 million in the prior year period.

Financial highlights

• PCB segment Q1 FY2025 sales were ¥42.7 billion, up 9.8% year-over-year but down 4.9% sequentially.

• Electronic Equipment segment Q1 FY2025 sales reached ¥10.4 billion, up 28.4% year-over-year and 3.0% sequentially.

• Ordinary income for Q1 FY2025 was ¥4.9 billion, up 75.0% year-over-year and 11.4% sequentially.

• Basic earnings per share increased to ¥143.96 from ¥116.01 year-over-year.

• Equity-to-asset ratio declined to 38.1% as of June 30, 2025, from 42.2% at March 31, 2025.

Outlook and guidance

• FY2025 net sales forecast revised upward to ¥223.0 billion, a 4.7% increase from the initial forecast.

• Operating income forecast raised to ¥23.5 billion, up 17.5% from the initial forecast.

• Net income forecast increased to ¥18.0 billion, up 16.1% from the initial forecast.

• Full-year forecast for the fiscal year ending March 31, 2026: net sales of ¥223,000 million (up 7.8% year-over-year), operating profit of ¥23,500 million (up 23.1%), and profit attributable to owners of parent of ¥18,000 million (up 20.6%).

• Net income per share for the full year is projected at ¥689.19.