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MIRAI INDUSTRY, First Half Ordinary Profit Decreases by 8%
7931 MIRAI INDUSTRY CO.,LTD. 【J-GAAP】
Earnings ReportMIRAI INDUSTRY CO.,LTD. <7931> [TSE Prime] announced its financial results in the afternoon session on October 23rd (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 8.2% from the same period last year to 3.25 billion yen. However, Progress toward the full-year plan of 6.28 billion yen was 51.8%, also surpassing the five-year average of 45.5%.
Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 14.0% from the same period last year to 3.03 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.73 billion yen, a 7.5% decrease compared to the same period last year. The operating profit margin decreased from 16.4% in the same period last year to 14.9%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 21,689 | 3,253 | 3,323 | 2,252 | 130.9 | 44.4 | Oct 26, 2023 | J-GAAP |
| Apr - Sep, 2024 | 22,363 | 3,468 | 3,544 | 2,398 | 148.7 | 50.1 | Oct 24, 2024 | J-GAAP |
| Apr - Sep, 2025 | 22,946 | 3,159 | 3,252 | 2,195 | 136.0 | 51.8 | Oct 23, 2025 | J-GAAP |
| YoY | +2.6% | -8.9% | -8.2% | -8.5% | -8.6% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 Guidance | 23,161 | 2,780 | 2,854 | 1,924 | 119.1 | 50 | Apr 24, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 22,946 | 3,159 | 3,252 | 2,195 | 136.0 | 50 | Oct 23, 2025 | J-GAAP |
| Revision Rate | -0.9% | +13.6% | +13.9% | +14.1% | +14.1% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 | 22,750 | 3,429 | 3,523 | 2,435 | 151.0 | 100 | Apr 24, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 23,968 | 2,990 | 3,031 | 2,046 | 126.6 | 80 | Oct 23, 2025 | J-GAAP |
| YoY | +5.4% | -12.8% | -14.0% | -16.0% | -16.1% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 44,091 | 7,332 | 7,477 | 5,116 | 304.5 | 150 | Apr 25, 2024 | J-GAAP |
| Mar, 2025 | 45,113 | 6,897 | 7,067 | 4,833 | 299.6 | 150 | Apr 24, 2025 | J-GAAP |
| Mar, 2026 Guidance | 46,914 | 6,149 | 6,283 | 4,241 | 262.5 | 130 | Apr 24, 2025 | J-GAAP |
| YoY | +4.0% | -10.8% | -11.1% | -12.2% | -12.4% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 11,221 | 1,837 | 1,879 | 1,271 | 78.8 | 16.4 | Oct 24, 2024 | J-GAAP |
| Oct - Dec, 2024 | 12,606 | 2,225 | 2,279 | 1,548 | 96.0 | 17.7 | Jan 28, 2025 | J-GAAP |
| Jan - Mar, 2025 | 10,144 | 1,204 | 1,244 | 887 | 55.0 | 11.9 | Apr 24, 2025 | J-GAAP |
| Apr - Jun, 2025 | 11,677 | 1,479 | 1,513 | 1,032 | 64.0 | 12.7 | Jul 24, 2025 | J-GAAP |
| Jul - Sep, 2025 | 11,269 | 1,680 | 1,739 | 1,163 | 72.0 | 14.9 | Oct 23, 2025 | J-GAAP |
| YoY | +0.4% | -8.5% | -7.5% | -8.5% | -8.6% |
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Nikkei 225 open on the 23rd = 441 yen lower, 48,866 yen