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MEIKO CONSTRUCTION, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 1% Increase, Dividend Revised Upward by 12 Yen

Fri Jan 30, 2026 4:00 pm JST Earnings

1869 MEIKO CONSTRUCTION CO.,LTD. 【J-GAAP】

Earnings Report

MEIKO CONSTRUCTION CO.,LTD. <1869> [NSE Main] announced its financial results after the market closed on January 30th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 15.9% from the same period last year, reaching 5.43 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 19.7%, from the previous forecast of 5.85 billion yen to 7.00 billion yen (compared to 6.91 billion yen in the previous period), turning to a 1.3% increase in the consolidated ordinary profit outlook.

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 40.8%, from the previous forecast of 2.81 billion yen to 3.96 billion yen (compared to 3.88 billion yen in the same period of the previous year), turning to a 2.0% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 42 yen to 54 yen (compared to 42 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 44.2% from the same period last year, reaching 2.40 billion yen. The operating profit margin improved from 6.0% in the same period last year to 8.9%.

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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 63,756 3,962 4,365 2,981 118.1 75.0 Jan 29, 2024 J-GAAP
Apr - Dec, 2024 64,974 4,191 4,688 3,188 126.3 67.8 Jan 31, 2025 J-GAAP
Apr - Dec, 2025 68,817 4,875 5,435 3,714 147.1 77.6 Jan 30, 2026 J-GAAP
YoY +5.9% +16.3% +15.9% +16.5% +16.5%

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 54,067 2,829 2,816 1,974 78.2 21 Oct 31, 2025 J-GAAP
Oct - Mar, 2025 New 54,067 3,829 3,966 3,124 123.8 33 Jan 30, 2026 J-GAAP
Revision Rate 0.0% +35.3% +40.8% +58.3% +58.3%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 98,000 5,500 5,850 4,050 160.4 42 May 8, 2025 J-GAAP
Mar, 2026 New 98,000 6,500 7,000 5,200 206.0 54 Jan 30, 2026 J-GAAP
Revision Rate 0.0% +18.2% +19.7% +28.4% +28.4%

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 52,865 3,666 3,889 3,131 124.0 24 May 8, 2025 J-GAAP
Oct - Mar, 2025 Guidance 54,067 3,829 3,966 3,124 123.8 33 Jan 30, 2026 J-GAAP
YoY +2.3% +4.4% +2.0% -0.2% -0.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 86,218 5,370 5,820 4,028 159.6 36 May 9, 2024 J-GAAP
Mar, 2025 93,170 6,386 6,912 5,184 205.4 42 May 8, 2025 J-GAAP
Mar, 2026 Guidance 98,000 6,500 7,000 5,200 206.0 54 Jan 30, 2026 J-GAAP
YoY +5.2% +1.8% +1.3% +0.3% +0.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 24,669 1,471 1,665 1,135 45.0 6.0 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 28,196 2,195 2,224 1,996 79.1 7.8 May 8, 2025 J-GAAP
Apr - Jun, 2025 21,106 874 1,222 836 33.1 4.1 Jul 25, 2025 J-GAAP
Jul - Sep, 2025 22,827 1,797 1,812 1,240 49.1 7.9 Nov 5, 2025 J-GAAP
Oct - Dec, 2025 24,884 2,204 2,401 1,638 64.9 8.9 Jan 30, 2026 J-GAAP
YoY +0.9% +49.8% +44.2% +44.3% +44.3%

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