Miura (6005) Q1 2026 earnings summary

Executive summary

• Revenue for the three months ended June 30, 2025, rose 18.0% year-over-year to ¥52,514 million, with operating profit up 225.9% to ¥3,510 million and profit attributable to owners of parent up 119.9% to ¥3,451 million.

• Growth was driven by strong domestic sales in boilers, marine, and aqua equipment, and significant overseas gains from the Cleaver-Brooks and CERTUSS acquisitions.

• Profitability improved due to higher sales and lower M&A expenses, despite increased personnel costs and exchange rate impacts.

Financial highlights

• Gross profit increased to ¥20,541 million from ¥16,555 million year-over-year.

• Basic earnings per share rose to ¥29.83 from ¥14.24 year-over-year.

• Net cash provided by operating activities was ¥7,845 million, reversing a ¥1,423 million outflow in the prior year.

• Cash and cash equivalents at period end were ¥51,808 million, down ¥3,443 million from March 31, 2025.

Outlook and guidance

• Full-year revenue forecast for fiscal year ending March 31, 2026, is ¥271,500 million, up 8.0% year-over-year.

• Operating profit is projected at ¥32,600 million, up 28.7%, and profit attributable to owners of parent at ¥26,500 million, up 13.7%.

• Dividend forecast for the year is ¥67.00 per share.