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Meito Sangyo, Oct-Dec (3Q) Ordinary Profit Increases by 14%, Current Fiscal Year Dividend Revised Upward by 10 Yen
2207 MEITO CO.,LTD. 【J-GAAP】
Earnings ReportMEITO CO.,LTD. <2207> [TSE Prime] announced its financial results after the market closed on February 9th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 10.4% from the same period last year, reaching 2.76 billion yen. Progress toward the full-year plan of 2.80 billion yen was 98.8%, also surpassing the five-year average of 88.3%.
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 significant drop 80.0% from the same period last year to 0.03 billion yen.
At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 45 yen to 55 yen (compared to 35 yen in the previous period).
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 14.5% from the same period last year, reaching 0.98 billion yen. However, the operating profit margin worsened from 4.4% in the same period last year to 3.0%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 18,236 | 258 | 1,349 | 957 | 56.6 | 94.3 | Feb 9, 2024 | J-GAAP |
| Apr - Dec, 2024 | 21,299 | 1,253 | 2,506 | 4,430 | 261.8 | 93.8 | Feb 10, 2025 | J-GAAP |
| Apr - Dec, 2025 | 22,126 | 1,272 | 2,767 | 2,922 | 173.2 | 98.8 | Feb 9, 2026 | J-GAAP |
| YoY | +3.9% | +1.5% | +10.4% | -34.0% | -33.9% |
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 | 15,261 | 563 | 1,014 | 601 | 36.9 | 25 | Nov 10, 2025 | J-GAAP |
| Oct - Mar, 2025 New | 15,261 | 563 | 1,014 | 601 | 36.9 | 35 | Feb 9, 2026 | J-GAAP |
| Revision Rate | 0.0% | 0.0% | 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 | 29,500 | 1,600 | 2,800 | 2,800 | 171.8 | 45 | Oct 14, 2025 | J-GAAP |
| Mar, 2026 New | 29,500 | 1,600 | 2,800 | 2,800 | 171.8 | 55 | Feb 9, 2026 | J-GAAP |
| Revision Rate | 0.0% | 0.0% | 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 | 14,256 | 482 | 1,022 | 1,320 | 78.0 | 18 | May 13, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 15,261 | 563 | 1,014 | 601 | 36.9 | 35 | Feb 9, 2026 | J-GAAP |
| YoY | +7.0% | +16.8% | -0.8% | -54.5% | -52.7% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 24,392 | 232 | 1,430 | -703 | -41.6 | 28 | May 13, 2024 | J-GAAP |
| Mar, 2025 | 28,071 | 1,405 | 2,671 | 4,719 | 278.8 | 35 | May 13, 2025 | J-GAAP |
| Mar, 2026 Guidance | 29,500 | 1,600 | 2,800 | 2,800 | 171.8 | 55 | Feb 9, 2026 | J-GAAP |
| YoY | +5.1% | +13.9% | +4.8% | -40.7% | -38.4% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 7,484 | 330 | 857 | 1,031 | 60.9 | 4.4 | Feb 10, 2025 | J-GAAP |
| Jan - Mar, 2025 | 6,772 | 152 | 165 | 289 | 17.1 | 2.2 | May 13, 2025 | J-GAAP |
| Apr - Jun, 2025 | 6,214 | 471 | 1,184 | 977 | 57.8 | 7.6 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 8,025 | 566 | 602 | 1,222 | 72.2 | 7.1 | Nov 10, 2025 | J-GAAP |
| Oct - Dec, 2025 | 7,887 | 235 | 981 | 723 | 42.8 | 3.0 | Feb 9, 2026 | J-GAAP |
| YoY | +5.4% | -28.8% | +14.5% | -29.9% | -29.7% |
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