Mirai Industry (7931) Q4 2026 earnings summary

Executive summary

• Achieved record-high consolidated sales of ¥45,673 million for the year ended March 2026, marking a fifth consecutive year of revenue growth.

• Operating profit declined 2.5% year-over-year to ¥6,723 million, and ordinary profit fell 2.4% to ¥6,899 million.

• Net income attributable to shareholders decreased 2.8% to ¥4,696 million.

• Comprehensive income rose 4.7% year-over-year to ¥5,394 million.

Financial highlights

• Revenue increased by 1.2% year-over-year to ¥45,673 million.

• Gross profit was ¥17,661 million, with a gross margin of 38.7%.

• Total assets increased to ¥68,697 million; equity ratio remains high at 80.7%.

• Cash and cash equivalents at year-end were ¥19,710 million.

• Operating cash flow was ¥7,081 million, while investing and financing cash flows were negative at ¥(4,148) million and ¥(2,697) million, respectively.

Outlook and guidance

• Full-year forecast for FY2027 is undecided due to uncertainty from Middle East geopolitical risks.

• Q1 FY2027 guidance: sales expected to rise 1.2% year-over-year to ¥11,820 million, but operating profit projected to fall 12.8% to ¥1,290 million.

• Profit attributable to owners of parent for Q1 expected to decrease 15.0% to ¥877 million; basic earnings per share forecast at ¥54.30.

• Segment guidance: wiring devices to grow 9.3%, electrical materials and piping to decline 0.6%.