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MEIJI ELECTRIC INDUSTRIES, First Half Ordinary Profit Increases by 96%, Jul-Sep Ordinary Profit Increases by 62%

Fri Oct 31, 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 October 31st (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 1.81 billion yen, an increase 95.6% compared to the same period last year. Progress toward the full-year plan of 3.99 billion yen was 45.4%, exceeding the five-year average of 35.2%.

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 18.4% from the same period last year to 2.17 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 61.8% from the same period last year, reaching 1.19 billion yen. The operating profit margin improved from 4.1% in the same period last year to 5.6%.

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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 33,969 1,100 1,362 964 76.2 40.9 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 34,173 828 927 637 50.1 25.8 Oct 31, 2024 J-GAAP
Apr - Sep, 2025 36,745 1,645 1,813 1,306 102.6 45.4 Oct 31, 2025 J-GAAP
YoY +7.5% +98.7% +95.6% +105.0% +104.8%

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 40,600 1,790 1,900 1,330 104.3 44 May 15, 2025 J-GAAP
Apr - Sep, 2025 Results 36,745 1,645 1,813 1,306 102.6 44 Oct 31, 2025 J-GAAP
Revision Rate -9.5% -8.1% -4.6% -1.8% -1.6%

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 44,499 2,466 2,669 1,798 141.3 30 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 45,755 2,085 2,177 1,494 117.2 44 Oct 31, 2025 J-GAAP
YoY +2.8% -15.5% -18.4% -16.9% -17.1%

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
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
Apr - Jun, 2025 16,878 535 619 439 34.5 3.2 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 19,867 1,110 1,194 867 68.1 5.6 Oct 31, 2025 J-GAAP
YoY +4.4% +41.8% +61.8% +72.0% +71.8%

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