MEITEC (9744) Q2 2026 earnings summary

Executive summary

• Consolidated net sales for the six months ended September 30, 2025, rose 3.8% year-over-year to ¥68,352 million, with operating profit up 11.6% and profit attributable to owners up 25.2%, driven by strong orders and utilization in the Engineering Solutions Business despite a 1.0% decline in engineer headcount.

• Growth was supported by improved margins and the absence of prior-year impairment losses.

Financial highlights

• Net sales: ¥68,352 million (+3.8% YoY); operating profit: ¥10,063 million (+11.6% YoY); profit attributable to owners: ¥6,933 million (+25.2% YoY); ordinary profit: ¥10,172 million (+12.4% YoY).

• Basic earnings per share rose to ¥89.80 from ¥71.73 a year earlier.

• Comprehensive income increased to ¥6,887 million from ¥5,546 million in the prior year.

• Operating profit margin improved to 14.7% (+1.0pt YoY); profit margin rose to 10.1% (+1.7pt YoY).

• SG&A expenses decreased 4.8% YoY, mainly due to lower recruitment costs.

Outlook and guidance

• Full-year net sales forecast for FY ending March 31, 2026 is ¥137,000 million (+3.0% YoY), with operating profit projected at ¥20,200 million (+7.3%), ordinary profit at ¥20,400 million (+7.9%), and profit attributable to owners at ¥13,900 million (+9.1%).

• Earnings per share for the full year is forecast at ¥180.04.

• Dividend forecast raised to ¥181 per share, up ¥13 from the adjusted prior year.