Mitani Sekisan (5273) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 FY2026 was ¥26,149 million, up 20.9% year-over-year, with operating profit at ¥4,709 million (+22.0%), ordinary profit at ¥5,292 million (+20.7%), and net profit attributable to shareholders at ¥3,674 million (+19.6%).

• The main concrete pile business saw increased demand, while the information segment posted strong growth in software sales and profits.

• The hotel business benefited from robust inbound demand, and environmental/recycling segments saw higher sales but also increased outsourcing costs.

Financial highlights

• Gross profit rose to ¥6,469 million from ¥5,398 million year-over-year.

• EPS for Q1 FY2026 was ¥207.74, up from ¥167.94 in the prior year.

• Comprehensive income surged to ¥5,591 million from ¥309 million year-over-year, mainly due to securities valuation gains.

Outlook and guidance

• Full-year revenue forecast remains at ¥93,000 million (+6.0% YoY), with net profit projected at ¥9,700 million (+4.7%).

• H1 guidance was revised upward: operating profit now expected at ¥7,800 million (+14.9% vs. previous forecast), net profit at ¥5,900 million (+18.0%).

• Management expects continued demand growth but anticipates intensified order competition.