MEIKO CONSTRUCTION, Last Fiscal Year Ordinary Profit Revised Upward to an Unexpected 19% Increase, Dividend Revised Upward by 6 yen

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Fri Apr 25, 2025 4:00 pm JST Revision

1869 MEIKO CONSTRUCTION CO.,LTD. 【J-GAAP】

Guidance Update Report

MEIKO CONSTRUCTION CO.,LTD. <1869> [NSE Main] announced a revision to its performance and dividend after the market closed on April 25th (16:00). The consolidated ordinary profit for the fiscal year ending March 2025 has been revised upward 28.0%, from the previous forecast of 5.4 billion yen to 6.91 billion yen (compared to 5.82 billion yen in the previous period), turning to a 18.8% increase in the consolidated ordinary profit outlook.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (2H) consolidated ordinary profit is expected to increase 63.6%, from the previous forecast of 2.37 billion yen to 3.88 billion yen (compared to 3.56 billion yen in the same period of the previous year), turning to a 9.0% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has increased its planned annual dividend for the last fiscal year from the original plan of 36 yen to 42 yen (compared to 36 yen in the previous period).

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	51,195	2,280	2,377	1,747	69.2	18	Oct 28, 2024	J-GAAP
Oct - Mar, 2024 New	52,865	3,666	3,889	3,131	124.0	24	Apr 25, 2025	J-GAAP
Revision Rate	+3.3%	+60.8%	+63.6%	+79.2%	+79.2%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	91,500	5,000	5,400	3,800	150.5	36	May 9, 2024	J-GAAP
Mar, 2025 New	93,170	6,386	6,912	5,184	205.4	42	Apr 25, 2025	J-GAAP
Revision Rate	+1.8%	+27.7%	+28.0%	+36.4%	+36.4%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	46,189	3,386	3,568	2,473	98.0	19	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	52,865	3,666	3,889	3,131	124.0	24	Apr 25, 2025	J-GAAP
YoY	+14.5%	+8.3%	+9.0%	+26.6%	+26.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	84,185	6,331	6,704	4,657	184.5	34	May 11, 2023	J-GAAP
Mar, 2024	86,218	5,370	5,820	4,028	159.6	36	May 9, 2024	J-GAAP
Mar, 2025 Guidance	93,170	6,386	6,912	5,184	205.4	42	Apr 25, 2025	J-GAAP
YoY	+8.1%	+18.9%	+18.8%	+28.7%	+28.7%