MTG (7806) Q2 2026 earnings summary

Executive summary

• Achieved record H1 revenue of ¥66,523 million, up 42.5% year-over-year, with operating profit rising 36% to ¥10,022 million and profit attributable to owners of parent up 68.1% to ¥7,825 million.

• Comprehensive income increased 76.8% year-over-year to ¥8,401 million for the period.

• Upward revision to FY2026 full-year guidance: revenue now forecast at ¥135,000 million (+36.6% YoY), operating profit at ¥15,000 million (+40.6% YoY), and profit attributable to owners at ¥10,000 million (+26% YoY).

• Dividend per share raised to ¥33, reflecting a progressive dividend policy and strong profit growth.

Financial highlights

• H1 gross profit increased to ¥43,238 million from ¥28,980 million YoY; net profit attributable to owners up 68.1% YoY to ¥7,825 million.

• SG&A expenses rose 54% YoY, driven by branding, marketing, and store expansion.

• Gross margin improved to 65% due to optimal pricing and new product launches.

• Ordinary profit reached ¥9,963 million, up from ¥7,469 million a year earlier.

• Basic earnings per share for H1 was ¥199.05, compared to ¥118.10 in the prior year.

Outlook and guidance

• FY2026 revenue guidance raised to ¥135,000 million (+36.6% YoY), operating profit to ¥15,000 million (+40.6% YoY), net profit to ¥10,000 million (+26% YoY), and basic EPS forecasted at ¥254.30.

• H2 outlook assumes continued yen depreciation and gross margin of 64%, with ¥4.5 billion earmarked for growth investments.

• Focus on new product development, store expansion, and marketing to sustain growth.