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MEIKO TRANS, First Half Ordinary Profit Unexpectedly Revised Upward by 11%

Wed Nov 12, 2025 2:00 pm JST Earnings

9357 MEIKO TRANS CO.,LTD. 【J-GAAP】

Earnings Report

MEIKO TRANS CO.,LTD. <9357> [NSE Main] announced its financial results in the afternoon session on November 12th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 10.5% from the same period last year, reaching 4.26 billion yen, resulting in an increase in profits compared to the previous forecast of a 0.2% decrease.

Progress toward the full-year plan of 7.50 billion yen was 56.9%, also surpassing the five-year average of 48.5%.

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 21.5% from the same period last year to 3.23 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.68 billion yen, an 8.1% decrease compared to the same period last year. The operating profit margin worsened from 7.7% in the same period last year to 7.1%.

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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 38,949 2,759 3,444 2,412 80.9 52.7 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 40,235 2,974 3,858 2,483 83.1 48.3 Nov 12, 2024 J-GAAP
Apr - Sep, 2025 40,605 3,206 4,264 2,899 96.9 56.9 Nov 12, 2025 J-GAAP
YoY +0.9% +7.8% +10.5% +16.8% +16.6%

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 40,000 3,000 3,850 2,550 85.2 35 May 13, 2025 J-GAAP
Apr - Sep, 2025 Results 40,605 3,206 4,264 2,899 96.9 35 Nov 12, 2025 J-GAAP
Revision Rate +1.5% +6.9% +10.8% +13.7% +13.8%

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 41,250 3,297 4,123 2,897 96.9 23 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 40,395 2,694 3,236 2,301 76.9 35 Nov 12, 2025 J-GAAP
YoY -2.1% -18.3% -21.5% -20.6% -20.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 77,698 5,265 6,536 4,541 152.2 38 May 14, 2024 J-GAAP
Mar, 2025 81,485 6,271 7,981 5,380 180.0 46 May 13, 2025 J-GAAP
Mar, 2026 Guidance 81,000 5,900 7,500 5,200 173.7 70 May 13, 2025 J-GAAP
YoY -0.6% -5.9% -6.0% -3.3% -3.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 20,863 1,598 1,836 1,268 42.5 7.7 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 20,143 1,858 2,442 1,707 57.1 9.2 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 21,107 1,439 1,681 1,190 39.8 6.8 May 13, 2025 J-GAAP
Apr - Jun, 2025 20,388 1,767 2,576 1,630 54.5 8.7 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 20,217 1,439 1,688 1,269 42.4 7.1 Nov 12, 2025 J-GAAP
YoY -3.1% -9.9% -8.1% +0.1% -0.1%

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