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Meiwa, Operating Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 7% Increase, Highest in Three Terms

Fri Jan 30, 2026 1:30 pm JST Earnings

8103 Meiwa Corporation 【J-GAAP】

Earnings Report

Meiwa Corporation <8103> [TSE Prime] announced its financial results in the afternoon session on January 30th (13:30). The consolidated operating profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 16.0% from the same period last year, reaching 3.26 billion yen.

In addition, the full-year forecast for consolidated operating profit has been revised upward 18.8%, from the previous forecast of 3.20 billion yen to 3.80 billion yen (compared to 3.56 billion yen in the previous period), reaches new record high for the first time in three terms, turning to a 6.5% increase in the consolidated operating profit outlook.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated operating profit for the October to March period (second half) has been revised upward 58.1%, from the previous forecast of 1.03 billion yen to 1.63 billion yen (compared to 2.06 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 50.1% to 21.1%.

In the most recent three-month period, from October to December (3Q), the consolidated operating profit decreased to 1.09 billion yen, a 16.7% decrease compared to the same period last year. The operating profit margin worsened from 3.1% in the same period last year to 2.4%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 118,237 2,306 2,953 1,943 46.6 73.2 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 120,355 2,814 3,500 2,446 60.2 77.4 Jan 31, 2025 J-GAAP
Apr - Dec, 2025 121,849 3,264 3,370 2,177 54.2 84.3 Jan 30, 2026 J-GAAP
YoY +1.2% +16.0% -3.7% -11.0% -10.0%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 83,287 1,032 1,762 1,488 37.0 38 Oct 31, 2025 J-GAAP
Oct - Mar, 2025 New 83,287 1,632 1,762 1,488 37.0 38 Jan 30, 2026 J-GAAP
Revision Rate 0.0% +58.1% 0.0% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 160,000 3,200 4,000 3,000 74.6 38 Apr 30, 2025 J-GAAP
Mar, 2026 New 160,000 3,800 4,000 3,000 74.6 38 Jan 30, 2026 J-GAAP
Revision Rate 0.0% +18.8% 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 78,570 2,069 2,663 2,055 50.7 42 Apr 30, 2025 J-GAAP
Oct - Mar, 2025 Guidance 83,287 1,632 1,762 1,488 37.0 38 Jan 30, 2026 J-GAAP
YoY +6.0% -21.1% -33.8% -27.6% -27.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 158,279 2,970 4,032 2,754 66.1 34 Apr 30, 2024 J-GAAP
Mar, 2025 156,727 3,568 4,520 3,376 83.3 42 Apr 30, 2025 J-GAAP
Mar, 2026 Guidance 160,000 3,800 4,000 3,000 74.6 38 Jan 30, 2026 J-GAAP
YoY +2.1% +6.5% -11.5% -11.1% -10.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 42,198 1,315 1,643 1,125 27.7 3.1 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 36,372 754 1,020 930 22.9 2.1 Apr 30, 2025 J-GAAP
Apr - Jun, 2025 38,828 1,441 1,401 983 24.5 3.7 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 37,885 727 837 529 13.2 1.9 Oct 31, 2025 J-GAAP
Oct - Dec, 2025 45,136 1,096 1,132 665 16.5 2.4 Jan 30, 2026 J-GAAP
YoY +7.0% -16.7% -31.1% -40.9% -40.2%

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