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MEIJI ELECTRIC INDUSTRIES, Last Fiscal Year's Ordinary Profit Unexpectedly Increases, 11% Increase in Ordinary Profit for The Current Fiscal Year, Dividend Raised by 28 yen

Thu May 15, 2025 3:30 pm JST Earnings

3388 MEIJI ELECTRIC INDUSTRIES CO., LTD. 【J-GAAP】

Earnings Report

MEIJI ELECTRIC INDUSTRIES CO., LTD. <3388> [TSE Prime] announced its financial results after the market closed on May 15th (15:30). The consolidated ordinary profit for the fiscal year ending March 2025 increased 7.9% from the previous period to 3.59 billion yen exceeding the previous forecast of 3.22 billion yen and resulted in an increase in profit, a complete reversal from the forecast for a decline in profit. For the fiscal year ending March 2026, the consolidated ordinary profit is expected to grow by 11.0% to 3.99 billion yen. This will be the fifth consecutive term of revenue and profit growth.

At the same time, the company has decided to increase the dividend this fiscal year to 88 yen, an increase of 28 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit increased 43.3% from the same period last year, reaching 1.79 billion yen. The operating profit margin improved from 5.0% in the same period last year to 6.8%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 70,947 2,724 3,050 2,191 173.2 52 May 15, 2023 J-GAAP
Mar, 2024 74,580 2,914 3,332 2,426 191.5 58 May 14, 2024 J-GAAP
Mar, 2025 78,672 3,294 3,596 2,435 191.3 60 May 15, 2025 J-GAAP
YoY +5.5% +13.0% +7.9% +0.4% -0.1%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Guidance 77,500 3,010 3,220 2,240 175.9 60 Oct 31, 2024 J-GAAP
Mar, 2025 Results 78,672 3,294 3,596 2,435 191.3 60 May 15, 2025 J-GAAP
Revision Rate +1.5% +9.4% +11.7% +8.7% +8.8%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 34,173 828 927 637 50.1 30 Oct 31, 2024 J-GAAP
Apr - Sep, 2025 Guidance 40,600 1,790 1,900 1,330 104.3 44 May 15, 2025 J-GAAP
YoY +18.8% +116.2% +105.0% +108.8% +108.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 74,580 2,914 3,332 2,426 191.5 58 May 14, 2024 J-GAAP
Mar, 2025 78,672 3,294 3,596 2,435 191.3 60 May 15, 2025 J-GAAP
Mar, 2026 Guidance 82,500 3,730 3,990 2,800 219.6 88 May 15, 2025 J-GAAP
YoY +4.9% +13.2% +11.0% +15.0% +14.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 22,205 1,121 1,253 944 74.5 5.0 May 14, 2024 J-GAAP
Apr - Jun, 2024 15,148 45 189 133 10.5 0.3 Jul 30, 2024 J-GAAP
Jul - Sep, 2024 19,025 783 738 504 39.6 4.1 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 18,883 731 874 636 50.0 3.9 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 25,616 1,735 1,795 1,162 91.3 6.8 May 15, 2025 J-GAAP
YoY +15.4% +54.8% +43.3% +23.1% +22.6%

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