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Meiji Holdings, First Half Ordinary Profit Decreases by 4%

Thu Nov 13, 2025 3:30 pm JST Earnings

2269 Meiji Holdings Co., Ltd. 【J-GAAP】

Earnings Report

Meiji Holdings Co., Ltd. <2269> [TSE Prime] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 4.0% from the same period last year to 41.6 billion yen. Progress toward the full-year plan of 87.5 billion yen was 47.6%, also falling below the five-year average of 54.1%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow 18.6% from the same period last year, reaching 45.8 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 4.6% from the same period last year, reaching 23.6 billion yen. However, the operating profit margin worsened from 8.2% in the same period last year to 7.7%.

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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 546,047 44,443 43,433 27,921 100.1 57.1 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 569,006 44,392 43,347 26,867 97.7 52.9 Nov 11, 2024 J-GAAP
Apr - Sep, 2025 574,885 40,942 41,626 21,477 79.3 47.6 Nov 13, 2025 J-GAAP
YoY +1.0% -7.8% -4.0% -20.1% -18.8%

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 589,000 39,500 37,500 22,500 83.0 52.50 May 9, 2025 J-GAAP
Apr - Sep, 2025 Results 574,885 40,942 41,626 21,477 79.3 52.50 Nov 13, 2025 J-GAAP
Revision Rate -2.4% +3.7% +11.0% -4.5% -4.5%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 1,195,000 91,000 87,500 54,000 199.2 105 May 9, 2025 J-GAAP
Mar, 2026 New 1,177,000 91,000 87,500 54,000 199.2 105 Nov 13, 2025 J-GAAP
Revision Rate -1.5% 0.0% 0.0% 0.0% 0.0%

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 585,068 40,310 38,666 23,933 87.7 50 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 602,115 50,058 45,874 32,523 120.0 52.50 Nov 13, 2025 J-GAAP
YoY +2.9% +24.2% +18.6% +35.9% +36.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 1,105,494 84,322 76,020 50,675 181.6 95 May 10, 2024 J-GAAP
Mar, 2025 1,154,074 84,702 82,013 50,800 186.1 100 May 9, 2025 J-GAAP
Mar, 2026 Guidance 1,177,000 91,000 87,500 54,000 199.2 105 Nov 13, 2025 J-GAAP
YoY +2.0% +7.4% +6.7% +6.3% +7.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 290,302 23,894 22,595 12,918 47.0 8.2 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 306,020 22,062 21,691 16,757 61.2 7.2 Feb 10, 2025 J-GAAP
Jan - Mar, 2025 279,048 18,248 16,975 7,176 26.3 6.5 May 9, 2025 J-GAAP
Apr - Jun, 2025 273,569 17,749 17,984 10,095 37.3 6.5 Aug 6, 2025 J-GAAP
Jul - Sep, 2025 301,316 23,193 23,642 11,382 42.0 7.7 Nov 13, 2025 J-GAAP
YoY +3.8% -2.9% +4.6% -11.9% -10.5%

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