Mirai Industry (7931) Q2 2025 earnings summary

Executive summary

• H1 FY2025 revenue, operating profit, ordinary profit and net income attributable to owners of parent reached records, supported by price revisions and higher sales.

• Higher raw-material prices pressured profitability, while increased sales supported year-over-year gains in operating profit and net income.

Financial highlights

• H1 revenue was ¥22,363 million, up 3.1% YoY; operating profit ¥3,468 million, up 6.6%; ordinary profit ¥3,544 million, up 6.6%; net income attributable to owners of parent ¥2,398 million, up 6.4%.

• Gross profit rose to ¥8,896 million from ¥8,490 million; EPS was ¥148.73 versus ¥130.89 a year earlier.

• Price revisions for electrical materials, piping materials and wiring devices contributed to sales growth.

Outlook and guidance

• FY2025 revenue forecast is ¥45,292 million, up 2.7% YoY and 0.3% above initial guidance; operating profit is ¥6,609 million, down 9.9% YoY and 8.3% above initial guidance.

• FY2025 ordinary profit forecast is ¥6,749 million, down 9.7% YoY and 8.4% above initial guidance; net income attributable to owners of parent is ¥4,563 million, down 10.8% YoY and 8.5% above initial guidance.

• The revised forecast reflects H1 results and expectations of higher-than-assumed raw-material prices and further utility-cost increases through year-end.

• Full-year EPS is forecast at ¥283.00, and the annual dividend forecast was raised to ¥130.00 per share.

• Forecasts are based on currently available information; actual results may differ due to future factors.