Miroku Jyoho Service (9928) Q1 2026 earnings summary

Executive summary

• Net sales rose 3.7% year-over-year to 11,568 million yen, driven by strong ERP product sales and growth in subscription-based services.

• Operating profit declined 9.4% year-over-year to 1,244 million yen due to higher personnel and purchasing costs.

• Profit attributable to owners of parent fell 20.0% year-over-year to 895 million yen.

• Service revenues increased 11.6% year-over-year, while system installation contract sales decreased 1.7%.

• The company continues to shift toward a cloud subscription-based business model and invest in digital transformation initiatives.

Financial highlights

• Gross profit was 6,820 million yen, nearly flat year-over-year.

• Selling, general and administrative expenses increased by 540 million yen compared to the same period last year.

• Basic earnings per share for the quarter were 29.91 yen, down from 37.40 yen a year earlier.

• Total assets at quarter-end were 44,482 million yen, down 848 million yen from the previous fiscal year-end.

• Net assets decreased to 28,931 million yen, mainly due to dividend payments.

Outlook and guidance

• Full-year net sales forecast remains at 49,000 million yen, up 6.2% year-over-year.

• Operating profit for the fiscal year is projected at 6,700 million yen, up 6.6% year-over-year.

• Profit attributable to owners of parent is forecast at 4,900 million yen, up 11.8% year-over-year.

• No changes to previously announced earnings or dividend forecasts.