Miura (6005) Q3 2026 earnings summary

Executive summary

• Revenue for the nine months ended December 31, 2025, rose 7.3% year-over-year to ¥188,064 million, with operating profit up 24.9% to ¥21,729 million and profit attributable to owners of parent up 44.2% to ¥20,148 million.

• Growth was driven by solid domestic sales in boilers, marine equipment, and maintenance, as well as increased overseas sales from Cleaver-Brooks, Inc. and CERTUSS.

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

Financial highlights

• Gross profit increased to ¥72,699 million from ¥66,651 million year-over-year.

• Comprehensive income surged to ¥33,970 million from ¥15,128 million, reflecting strong operational and financial performance.

• Basic earnings per share rose to ¥174.13 from ¥124.64 year-over-year.

• Net cash provided by operating activities was ¥24,658 million, up from ¥15,904 million in the prior year.

• Cash and cash equivalents at period end were ¥53,882 million, a decrease of ¥1,369 million from the previous fiscal year-end.

Outlook and guidance

• Full-year revenue forecast revised downward to ¥266,500 million (6.0% year-over-year growth), with operating profit forecast at ¥30,600 million (20.8% growth).

• Downward revision mainly due to expected shortfall in Americas revenue and higher raw material costs.

• Profit before income taxes and profit attributable to owners of parent remain unchanged at ¥36,900 million and ¥26,500 million, respectively.

• Dividend forecast for the year raised to ¥67.00 per share.