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MIE, First Half Ordinary Profit Unexpectedly Revised Upward by 4%

Fri Nov 7, 2025 3:00 pm JST Earnings

3442 MIE CORPORATION CO., LTD 【J-GAAP】

Earnings Report

MIE CORPORATION CO., LTD <3442> [NSE Main] announced its financial results in the afternoon session on November 7th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 3.6% from the same period last year, reaching 261 million yen, resulting in an increase in profits compared to the previous forecast of a 2.8% decrease.

Progress toward the full-year plan of 490 million yen was 53.3%, also surpassing the five-year average of 44.7%.

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 21.3% from the same period last year to 229 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 113 million yen, a 5.0% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 7.4% in the same period last year to 7.6%.

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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 3,361 294 274 178 148.4 51.1 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 3,464 270 252 175 146.0 46.4 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 3,434 284 261 179 149.0 53.3 Nov 7, 2025 J-GAAP
YoY -0.9% +5.2% +3.6% +2.3% +2.1%

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 3,550 265 245 170 141.3 0 May 13, 2025 J-GAAP
Apr - Sep, 2025 Results 3,434 284 261 179 149.0 0 Nov 7, 2025 J-GAAP
Revision Rate -3.3% +7.2% +6.5% +5.3% +5.5%

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 3,634 316 291 204 169.6 20 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 3,666 246 229 161 133.8 20 Nov 7, 2025 J-GAAP
YoY +0.9% -22.2% -21.3% -21.1% -21.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 6,811 565 536 372 309.5 20 May 10, 2024 J-GAAP
Mar, 2025 7,098 586 543 379 315.1 20 May 13, 2025 J-GAAP
Mar, 2026 Guidance 7,100 530 490 340 282.5 20 May 13, 2025 J-GAAP
YoY +0.0% -9.6% -9.8% -10.3% -10.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 1,813 134 119 78 65.1 7.4 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 1,838 156 153 104 86.4 8.5 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 1,796 160 138 100 83.1 8.9 May 13, 2025 J-GAAP
Apr - Jun, 2025 1,753 156 148 102 84.9 8.9 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 1,681 128 113 77 64.1 7.6 Nov 7, 2025 J-GAAP
YoY -7.3% -4.5% -5.0% -1.3% -1.5%

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