Mitani Corporation (8066) Q3 2026 earnings summary

Executive summary

• Revenue for the nine months ended December 31, 2025, was ¥247,487 million, up 0.5% year-over-year, driven by higher sales prices in the spice business, strong fuel and gas station sales, and a PC replacement demand surge in the information segment.

• Operating income rose 1.6% year-over-year to ¥22,886 million, with gains from price pass-throughs in construction materials and spices, and reduced cable TV equipment costs.

• Ordinary income increased 5.5% year-over-year to ¥25,745 million, aided by higher equity-method investment gains.

• Net income attributable to owners of the parent grew 7.1% year-over-year to ¥16,105 million.

Financial highlights

• Gross profit margin improved to 18.1% from 17.6% year-over-year.

• Operating margin was 9.2%, up from 9.1% in the prior year.

• EPS for the period was ¥192.58, compared to ¥174.66 a year earlier.

• Total assets increased to ¥315,316 million from ¥298,988 million at the previous fiscal year-end.

• Equity ratio remained stable at 55.8%.

Outlook and guidance

• Full-year revenue forecast revised upward to ¥330,000 million (up 3.1% from previous guidance), with operating income unchanged at ¥30,000 million.

• Ordinary income forecast raised to ¥32,400 million, and net income attributable to owners of the parent to ¥18,900 million.

• Full-year EPS forecast is ¥226.01.

• Dividend forecast raised to ¥80 per share for the year.