Mirai Industry (7931) Q2 2026 earnings summary

Executive summary

• H1 FY Mar. 2026 sales rose 2.6% YoY to a record ¥22,946 million; operating profit fell 8.9% to ¥3,159 million as higher raw-material prices pressured margins.

• Profit attributable to owners of parent declined 8.5% to ¥2,195 million, while comprehensive income fell 7.9% to ¥2,231 million.

• Price revisions across electrical materials, piping materials and wiring equipment supported revenue growth.

Financial highlights

• Revenue increased ¥583 million YoY; ordinary profit declined 8.2% to ¥3,252 million.

• Gross profit was ¥8,734 million, down from ¥8,896 million; basic EPS was ¥135.95 versus ¥148.73 a year earlier.

• Total assets at September 20, 2025, were ¥67,034 million and net assets were ¥53,949 million; equity-to-asset ratio was 79.3%.

• Cash and cash equivalents at period end were ¥19,372 million.

Outlook and guidance

• FY Mar. 2026 revenue forecast is ¥46,914 million (+4.0%); operating profit is ¥6,149 million (-10.8%) and ordinary profit is ¥6,283 million (-11.1%).

• Forecast profit attributable to owners of parent is ¥4,241 million, down 12.2% YoY; annual dividend forecast is ¥130 per share.

• Outlook reflects continued weakness in housing starts after April building-code revisions and lower non-residential construction starts and floor area.