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MEISEI INDUSTRIAL, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 14%

Fri Oct 31, 2025 3:30 pm JST Earnings

1976 MEISEI INDUSTRIAL Co.,Ltd. 【J-GAAP】

Earnings Report

MEISEI INDUSTRIAL Co.,Ltd. <1976> [TSE Prime] announced its financial results after the market closed on October 31st (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 26.6% from the same period last year to 3.12 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 13.8%, from the previous forecast of 8.00 billion yen to 6.90 billion yen (compared to 11.2 billion yen in the previous period), leading to an increase in the profit decline rate from 28.8% to 38.6%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to drop 45.9% from the same period last year to 3.77 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.83 billion yen, a 24.6% decrease compared to the same period last year. The operating profit margin decreased from 14.3% in the same period last year to 11.8%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 26,578 2,722 2,938 2,228 44.7 34.4 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 31,576 3,925 4,257 2,941 60.3 37.9 Oct 31, 2024 J-GAAP
Apr - Sep, 2025 28,300 2,799 3,123 1,900 39.9 45.3 Oct 31, 2025 J-GAAP
YoY -10.4% -28.7% -26.6% -35.4% -33.7%

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 28,000 2,750 3,100 1,850 38.9 20 Oct 21, 2025 J-GAAP
Apr - Sep, 2025 Results 28,300 2,799 3,123 1,900 39.9 20 Oct 31, 2025 J-GAAP
Revision Rate +1.1% +1.8% +0.7% +2.7% +2.7%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 60,000 7,750 8,000 6,200 135.1 60 May 9, 2025 J-GAAP
Mar, 2026 New 59,000 6,500 6,900 5,400 117.6 60 Oct 31, 2025 J-GAAP
Revision Rate -1.7% -16.1% -13.8% -12.9% -12.9%

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 34,707 6,688 6,978 5,513 113.9 39 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 30,700 3,701 3,777 3,500 76.3 40 Oct 31, 2025 J-GAAP
YoY -11.5% -44.7% -45.9% -36.5% -33.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 60,377 8,061 8,548 6,243 126.1 55 May 10, 2024 J-GAAP
Mar, 2025 66,283 10,613 11,235 8,454 174.7 60 May 9, 2025 J-GAAP
Mar, 2026 Guidance 59,000 6,500 6,900 5,400 117.6 60 Oct 31, 2025 J-GAAP
YoY -11.0% -38.8% -38.6% -36.1% -32.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 16,764 2,399 2,435 1,670 34.2 14.3 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 15,718 2,085 2,247 1,530 31.4 13.3 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 18,989 4,603 4,731 3,983 82.3 24.2 May 9, 2025 J-GAAP
Apr - Jun, 2025 13,840 1,099 1,287 802 16.9 7.9 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 14,460 1,700 1,836 1,098 23.1 11.8 Oct 31, 2025 J-GAAP
YoY -13.7% -29.1% -24.6% -34.3% -32.6%

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