Miyaji Engineering Group (3431) Q1 2026 earnings summary

Executive summary

• Operating profit rose 19.0% year-over-year to ¥1,437 million, and profit attributable to owners of parent increased 28.4% to ¥923 million, despite a 6.1% decline in net sales to ¥14,734 million for the quarter ended June 30, 2025.

• Orders received grew 37.2% year-over-year to ¥10,828 million, with the pace expected to accelerate in future quarters.

Financial highlights

• Net sales: ¥14,734 million (down 6.1% year-over-year).

• Operating profit: ¥1,437 million (up 19.0% year-over-year).

• Ordinary profit: ¥1,535 million (up 17.5% year-over-year).

• Profit attributable to owners of parent: ¥923 million (up 28.4% year-over-year).

• Basic EPS: ¥34.81 (share split adjusted).

• Comprehensive income: ¥1,069 million (up 22.9% year-over-year).

Outlook and guidance

• Full-year forecast: Net sales ¥58,000 million (down 22.4% year-over-year), operating profit ¥4,000 million (down 56.3%), profit attributable to owners of parent ¥2,500 million (down 48.5%), EPS ¥94.27.

• No revisions to previously announced forecasts.

• Public investment expected to remain firm, but fierce competition and rising costs in the bridge segment will keep the business environment challenging.