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Meiko Electronics, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 11%, Raises Record High Profit Forecast, Dividend Revised Upward by 25 Yen

Fri Feb 6, 2026 3:30 pm JST Earnings

6787 Meiko Electronics Co., Ltd. 【J-GAAP】

Earnings Report

Meiko Electronics Co., Ltd. <6787> [TSE Prime] announced its financial results after the market closed on February 6th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 18.4% from the same period last year, reaching 18.8 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 11.4%, from the previous forecast of 22.0 billion yen to 24.5 billion yen (compared to 18.7 billion yen in the previous period), increasing the growth rate from 17.3% to 30.6%, further surpassing the previous forecast of record-high profits for two 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 23.5%, from the previous forecast of 10.6 billion yen to 13.1 billion yen (compared to 10.7 billion yen in the same period of the previous year), turning to a 22.1% 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 90 yen to 115 yen (compared to 88 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 7.53 billion yen, a 5.2% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 10.0% in the same period last year to 10.1%.

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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 133,534 8,338 9,779 7,680 290.3 68.5 Feb 6, 2024 J-GAAP
Apr - Dec, 2024 151,757 14,648 15,953 12,560 480.4 85.0 Feb 6, 2025 J-GAAP
Apr - Dec, 2025 172,033 17,503 18,893 14,778 566.7 77.1 Feb 6, 2026 J-GAAP
YoY +13.4% +19.5% +18.4% +17.7% +18.0%

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 111,507 12,082 10,640 8,605 329.4 45 Nov 6, 2025 J-GAAP
Oct - Mar, 2025 New 123,507 13,582 13,140 10,605 406.7 70 Feb 6, 2026 J-GAAP
Revision Rate +10.8% +12.4% +23.5% +23.2% +23.5%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 223,000 23,500 22,000 18,000 689.1 90 Aug 6, 2025 J-GAAP
Mar, 2026 New 235,000 25,000 24,500 20,000 767.0 115 Feb 6, 2026 J-GAAP
Revision Rate +5.4% +6.4% +11.4% +11.1% +11.3%

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 108,649 9,796 10,758 8,591 327.8 48 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 123,507 13,582 13,140 10,605 406.7 70 Feb 6, 2026 J-GAAP
YoY +13.7% +38.6% +22.1% +23.4% +24.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 179,458 11,660 14,267 11,310 428.7 68 May 10, 2024 J-GAAP
Mar, 2025 206,806 19,083 18,763 14,924 569.5 88 May 13, 2025 J-GAAP
Mar, 2026 Guidance 235,000 25,000 24,500 20,000 767.0 115 Feb 6, 2026 J-GAAP
YoY +13.6% +31.0% +30.6% +34.0% +34.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 53,600 5,361 7,948 6,227 238.2 10.0 Feb 6, 2025 J-GAAP
Jan - Mar, 2025 55,049 4,435 2,810 2,364 90.2 8.1 May 13, 2025 J-GAAP
Apr - Jun, 2025 53,072 5,585 4,935 3,772 144.0 10.5 Aug 6, 2025 J-GAAP
Jul - Sep, 2025 58,421 5,833 6,425 5,623 215.5 10.0 Nov 6, 2025 J-GAAP
Oct - Dec, 2025 60,540 6,085 7,533 5,383 206.4 10.1 Feb 6, 2026 J-GAAP
YoY +12.9% +13.5% -5.2% -13.6% -13.3%

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