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MIYAIRI VALVE MFG, First Half Ordinary Profit Increases by 3.0 times

Mon Nov 10, 2025 4:30 pm JST Earnings

6495 MIYAIRI VALVE MFG.CO., LTD. 【J-GAAP】

Earnings Report

MIYAIRI VALVE MFG.CO., LTD. <6495> [TSE Std] announced its financial results after the market closed on November 10th (16:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2026 (April to September) surged 3.0 times that of the same period last year, reaching 39 million yen, exceeded the previous forecast of 30 million yen.

However, Progress toward the full-year plan of 160 million yen was 24.4%, also falling below the five-year average of 38.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to surge 2.0 times that of the same period last year, reaching 121 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit/loss turned to a profit of 14 million yen (compared to a loss of 13 million yen in the same period last year). The operating profit/loss margin improved from -0.7% in the same period last year to 1.2%.

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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 2,842 112 111 80 1.7 53.4 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 3,213 14 13 -114 -2.4 17.8 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 3,214 45 39 20 0.4 24.4 Nov 10, 2025 J-GAAP
YoY +0.0% +221.4% +200.0% － －

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 3,200 30 30 25 0.5 0 May 13, 2025 J-GAAP
Apr - Sep, 2025 Results 3,214 45 39 20 0.4 0 Nov 10, 2025 J-GAAP
Revision Rate +0.4% +50.0% +30.0% -20.0% -19.2%

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 3,572 67 60 40 0.8 2 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 3,586 115 121 105 2.2 2 Nov 10, 2025 J-GAAP
YoY +0.4% +71.6% +101.7% +162.5% +159.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 6,157 210 208 176 3.7 2 May 15, 2024 J-GAAP
Mar, 2025 6,785 81 73 -74 -1.6 2 May 13, 2025 J-GAAP
Mar, 2026 Guidance 6,800 160 160 125 2.6 2 May 13, 2025 J-GAAP
YoY +0.2% +97.5% +119.2% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 1,662 -12 -13 15 0.3 -0.7 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 1,868 62 58 44 0.9 3.3 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 1,704 5 2 -4 -0.1 0.3 May 13, 2025 J-GAAP
Apr - Jun, 2025 1,627 26 25 12 0.3 1.6 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 1,587 19 14 8 0.2 1.2 Nov 10, 2025 J-GAAP
YoY -4.5% － － -46.7% -45.2%

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