Mitani Corporation (8066) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 FY2026 was ¥76,820 million, a 0.1% increase year-over-year, driven by strong fuel wholesale, gas station, and IT-related sales, offset by declines in ODA and POS system demand.

• Operating income rose 3.5% year-over-year to ¥6,631 million, with gains from price pass-through in construction materials and spices, and reduced cable TV costs.

• Net income attributable to shareholders increased 3.7% year-over-year to ¥4,868 million.

Financial highlights

• Gross profit margin improved to 18.0% from 17.3% year-over-year.

• Operating margin increased to 8.6% from 8.3% year-over-year.

• Comprehensive income decreased 24.9% year-over-year to ¥4,220 million due to negative currency translation adjustments.

• Total assets at quarter-end were ¥295,414 million, down ¥3,574 million from the previous fiscal year-end.

• Equity ratio improved to 56.9% from 55.9% at the previous fiscal year-end.

Outlook and guidance

• Full-year revenue forecast remains unchanged at ¥320,000 million, up 5.6% year-over-year.

• Full-year operating income forecast is ¥30,000 million (+4.8%), net income forecast is ¥18,500 million (+2.7%).

• Interim and year-end dividends are planned at ¥33.00 and ¥33.00 per share, respectively.