Meiko Electronics (6787) Q2 2026 earnings summary

Executive summary

• Net sales for H1 FY2025 reached ¥111.5 billion, up 13.6% year-over-year and 10.0% quarter-on-quarter.

• Operating income for H1 FY2025 was ¥12.5 billion, a 15.5% increase year-over-year and 18.9% quarter-on-quarter.

• Net income for H1 FY2025 totaled ¥8.4 billion, up 48.3% year-over-year and 47.4% quarter-on-quarter.

• Comprehensive income surged to ¥9,489 million from ¥404 million year-over-year.

Financial highlights

• Ordinary income for H1 FY2025 was ¥10.2 billion, up 41.9% year-over-year and 32.7% quarter-on-quarter.

• Gross sales growth was driven by strong performance in automotive, telecommunications, and industrial equipment applications.

• Basic earnings per share for the six months was ¥359.99, up from ¥240.78 year-over-year.

• Total assets as of September 30, 2025, were ¥303,296 million, up from ¥256,366 million at the previous fiscal year-end.

• Net assets increased to ¥123,695 million, with an equity-to-asset ratio of 38.3%.

Outlook and guidance

• Full-year net sales forecast is ¥223,000 million, up 7.8% year-over-year.

• Operating profit for the full year is projected at ¥23,500 million, a 23.1% increase year-over-year.

• Profit attributable to owners of parent is forecast at ¥18,000 million, up 20.6% year-over-year.

• Forward-looking statements highlight risks from raw material prices, customer market conditions, technological trends, FX fluctuations, and regulatory changes.

• Net income per share for the full year is expected to be ¥689.18.