Miroku Jyoho Service (9928) Q3 2026 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2025, rose 5.1% year-over-year to ¥36,526 million, driven by strong ERP product sales and a shift to subscription-based revenues.

• Operating profit increased 4.3% year-over-year to ¥5,098 million, while profit attributable to owners of parent surged 19.1% to ¥4,243 million.

• The business environment benefited from robust IT investment demand, with proactive sales in AI and DX fields and the launch of new SaaS cloud ERP products.

• Acquisition of Synergix Technologies Pte Ltd. in Singapore expanded the global business foundation, with consolidation from Q4.

Financial highlights

• Gross profit for the nine months was ¥22,193 million, up from ¥21,141 million year-over-year.

• Basic earnings per share increased to ¥141.75 from ¥119.06 year-over-year.

• Comprehensive income rose to ¥3,962 million, up from ¥3,254 million year-over-year.

• Service revenues grew 13.2% year-over-year to ¥15,470 million, with software utilization revenues up 32.2%.

• System installation contract sales increased 0.7% year-over-year to ¥18,514 million.

Outlook and guidance

• Full-year forecast for fiscal year ending March 31, 2026, remains unchanged: net sales ¥49,000 million (+6.2% YoY), operating profit ¥6,700 million (+6.6%), profit attributable to owners of parent ¥4,900 million (+11.8%), and basic EPS ¥163.66.

• No revisions to earnings or dividend forecasts; annual dividend forecast is ¥60.00 per share.