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MISUMI, First Half Ordinary Profit Increases by 8%, Jul-Sep Ordinary Profit Decreases by 32%
7441 MISUMI CO., LTD. 【J-GAAP】
Earnings ReportMISUMI CO., LTD. <7441> [FSE] 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 8.0% from the same period last year, reaching 0.31 billion yen. However, Progress toward the full-year plan of 1.25 billion yen was 24.8%, also falling below the five-year average of 29.6%.
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 10.7% from the same period last year to 0.94 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 0.14 billion yen, a 31.6% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 0.5% in the same period last year to 0.4%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 28,869 | -56 | 130 | 33 | 5.9 | 10.3 | Nov 13, 2023 | J-GAAP |
| Apr - Sep, 2024 | 29,040 | 39 | 287 | 426 | 74.5 | 21.4 | Nov 13, 2024 | J-GAAP |
| Apr - Sep, 2025 | 28,849 | 121 | 310 | 170 | 29.9 | 24.8 | Nov 12, 2025 | J-GAAP |
| YoY | -0.7% | +210.3% | +8.0% | -60.1% | -59.8% |
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 | 30,718 | 111 | 355 | 204 | 35.8 | 25 | May 13, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 28,849 | 121 | 310 | 170 | 29.9 | 25 | Nov 12, 2025 | J-GAAP |
| Revision Rate | -6.1% | +9.0% | -12.7% | -16.7% | -16.5% |
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 | 33,327 | 769 | 1,055 | 611 | 106.9 | 25 | May 13, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 36,149 | 765 | 942 | 458 | 80.5 | 25 | Nov 12, 2025 | J-GAAP |
| YoY | +8.5% | -0.5% | -10.7% | -25.0% | -24.7% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 60,656 | 806 | 1,259 | 710 | 123.7 | 45 | May 13, 2024 | J-GAAP |
| Mar, 2025 | 62,367 | 808 | 1,342 | 1,037 | 181.4 | 50 | May 13, 2025 | J-GAAP |
| Mar, 2026 Guidance | 64,998 | 886 | 1,252 | 628 | 110.3 | 50 | May 13, 2025 | J-GAAP |
| YoY | +4.2% | +9.7% | -6.7% | -39.4% | -39.2% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 14,636 | 79 | 209 | 234 | 40.9 | 0.5 | Nov 13, 2024 | J-GAAP |
| Oct - Dec, 2024 | 16,175 | 263 | 399 | 250 | 43.7 | 1.6 | Feb 12, 2025 | J-GAAP |
| Jan - Mar, 2025 | 17,152 | 506 | 656 | 361 | 63.1 | 3.0 | May 13, 2025 | J-GAAP |
| Apr - Jun, 2025 | 14,586 | 58 | 167 | 98 | 17.3 | 0.4 | Aug 13, 2025 | J-GAAP |
| Jul - Sep, 2025 | 14,263 | 63 | 143 | 72 | 12.7 | 0.4 | Nov 12, 2025 | J-GAAP |
| YoY | -2.5% | -20.3% | -31.6% | -69.2% | -69.0% |
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