Mitsubishi Research Institute (3636) Q2 2026 earnings summary

Executive summary

• Net sales rose 10.9% year-over-year to ¥72.6 billion, marking the first net sales rise in three years and the first ordinary profit growth in four years.

• Operating profit increased 36.3% year-over-year to ¥9.3 billion; ordinary profit up 32.1% to ¥10.1 billion.

• Profit attributable to owners of parent surged 73.5% year-over-year to ¥8.47 billion, aided by a gain on sale of investment securities.

• Strong demand and significant order backlog drove Think Tank & Consulting Services (TTC) revenue and profit growth.

• The company is restructuring ahead of its next medium-term plan, focusing on selection and concentration in both TTC and ITS segments.

Financial highlights

• Net sales rose 10.9% year-over-year to ¥72.6 billion.

• Operating profit reached ¥9.3 billion, up 36.3% year-over-year; ordinary profit was ¥10.1 billion, up 32.1%.

• Basic EPS increased 73.4% year-over-year to ¥537.68.

• Comprehensive income rose 63.8% year-over-year to ¥8.86 billion.

• Total assets grew to ¥140.4 billion, up 9.6% from September 2025; net assets increased to ¥88.6 billion.

Outlook and guidance

• Full-year net sales forecast revised upward to ¥125 billion (+2.9% YoY).

• Operating profit forecast raised to ¥8.4 billion (+12.0% YoY).

• Net profit forecast increased to ¥6.6 billion, reflecting gains on sale of investment securities.

• Dividends expected to remain unchanged at ¥165 per share.

• Think Tank & Consulting Services segment forecast raised for both net sales and ordinary profit; IT Services forecast unchanged.