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MEIJI ELECTRIC INDUSTRIES, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 38%

Fri Jan 30, 2026 3:30 pm JST Earnings

3388 MEIJI ELECTRIC INDUSTRIES CO., LTD. 【J-GAAP】

Earnings Report

MEIJI ELECTRIC INDUSTRIES CO., LTD. <3388> [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) expanded 2.49 billion yen, an increase 38.5% compared to the same period last year. Progress toward the full-year plan of 3.99 billion yen was 62.5%, exceeding the five-year average of 54.2%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to decrease 16.7% from the same period last year to 1.49 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 0.68 billion yen, a 22.1% decrease compared to the same period last year. The operating profit margin worsened from 3.9% in the same period last year to 3.2%.

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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 52,375 1,793 2,079 1,482 117.1 62.4 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 53,056 1,559 1,801 1,273 100.0 50.1 Jan 31, 2025 J-GAAP
Apr - Dec, 2025 53,817 2,187 2,494 1,785 140.1 62.5 Jan 30, 2026 J-GAAP
YoY +1.4% +40.3% +38.5% +40.2% +40.1%

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 44,499 2,466 2,669 1,798 141.3 30 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 45,755 2,085 2,177 1,494 117.2 44 Oct 31, 2025 J-GAAP
YoY +2.8% -15.5% -18.4% -16.9% -17.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 74,580 2,914 3,332 2,426 191.5 58 May 14, 2024 J-GAAP
Mar, 2025 78,672 3,294 3,596 2,435 191.3 60 May 15, 2025 J-GAAP
Mar, 2026 Guidance 82,500 3,730 3,990 2,800 219.6 88 May 15, 2025 J-GAAP
YoY +4.9% +13.2% +11.0% +15.0% +14.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 18,883 731 874 636 50.0 3.9 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 25,616 1,735 1,795 1,162 91.3 6.8 May 15, 2025 J-GAAP
Apr - Jun, 2025 16,878 535 619 439 34.5 3.2 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 19,867 1,110 1,194 867 68.1 5.6 Oct 31, 2025 J-GAAP
Oct - Dec, 2025 17,072 542 681 479 37.6 3.2 Jan 30, 2026 J-GAAP
YoY -9.6% -25.9% -22.1% -24.7% -24.8%

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