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MEIDENSHA, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 9%, Raises Record High Profit Forecast

Fri Jan 30, 2026 3:30 pm JST Earnings

6508 MEIDENSHA CORPORATION 【J-GAAP】

Earnings Report

MEIDENSHA CORPORATION <6508> [TSE Prime] announced its financial results after the market closed on January 30th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 23.3% from the same period last year, reaching 8.28 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 8.9%, from the previous forecast of 22.5 billion yen to 24.5 billion yen (compared to 21.1 billion yen in the previous period), increasing the growth rate from 6.2% to 15.6%, further surpassing the previous forecast of record-high profits for three consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) is expected to increase 10.3%, from the previous forecast of 19.3 billion yen to 21.3 billion yen (compared to 19.4 billion yen in the same period of the previous year), turning to a 9.7% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 5.11 billion yen, an increase of 2.7% compared to the same period last year. The operating profit margin remained almost flat, changing from 5.7% in the same period last year to 5.9%.

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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 183,918 -79 424 1,641 36.2 3.2 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 191,083 5,990 6,722 5,931 130.8 31.7 Jan 31, 2025 J-GAAP
Apr - Dec, 2025 203,855 7,082 8,285 9,637 212.4 33.8 Jan 30, 2026 J-GAAP
YoY +6.7% +18.2% +23.3% +62.5% +62.5%

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 198,858 19,708 19,326 14,474 319.1 － Oct 30, 2025 J-GAAP
Oct - Mar, 2025 New 193,858 21,208 21,326 18,474 407.2 － Jan 30, 2026 J-GAAP
Revision Rate -2.5% +7.6% +10.3% +27.6% +27.6%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 330,000 22,500 22,500 16,500 363.7 － Oct 30, 2025 J-GAAP
Mar, 2026 New 325,000 24,000 24,500 20,500 451.9 － Jan 30, 2026 J-GAAP
Revision Rate -1.5% +6.7% +8.9% +24.2% +24.2%

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 181,002 19,603 19,449 16,393 361.4 88 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 193,858 21,208 21,326 18,474 407.2 － Jan 30, 2026 J-GAAP
YoY +7.1% +8.2% +9.7% +12.7% +12.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 287,880 12,731 13,385 11,205 247.0 75 May 10, 2024 J-GAAP
Mar, 2025 301,101 21,512 21,192 18,487 407.5 123 May 13, 2025 J-GAAP
Mar, 2026 Guidance 325,000 24,000 24,500 20,500 451.9 － Jan 30, 2026 J-GAAP
YoY +7.9% +11.6% +15.6% +10.9% +10.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 70,984 4,081 4,979 3,837 84.6 5.7 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 110,018 15,522 14,470 12,556 276.8 14.1 May 13, 2025 J-GAAP
Apr - Jun, 2025 58,390 348 573 465 10.3 0.6 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 72,752 2,444 2,601 1,561 34.4 3.4 Oct 30, 2025 J-GAAP
Oct - Dec, 2025 72,713 4,290 5,111 7,611 167.8 5.9 Jan 30, 2026 J-GAAP
YoY +2.4% +5.1% +2.7% +98.4% +98.3%

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