MITSUI E&S, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 29%, The Undecided Dividend Raised by 30 Yen

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Tue Feb 10, 2026 2:30 pm JST Earnings

7003 MITSUI E&S Co., Ltd. 【J-GAAP】

Earnings Report

MITSUI E&S Co., Ltd. <7003> [TSE Prime] announced its financial results in the afternoon session on February 10th (14:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 35.9 billion yen, an increase 86.4% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 29.0%, from the previous forecast of 31.0 billion yen to 40.0 billion yen (compared to 27.7 billion yen in the previous period), increasing the growth rate from 11.7% to 44.1%.

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 2.1 times, from the previous forecast of 8.26 billion yen to 17.2 billion yen (compared to 14.4 billion yen in the same period of the previous year), turning to a 19.5% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has decided to implement a annual dividend of 50 yen for the current fiscal year, which was previously undecided (compared to 20 yen in the prior term).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.2 times that of the same period last year, reaching 13.2 billion yen. The operating profit margin drastically improved from 6.2% in the same period last year to 12.9%.

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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	215,361	13,473	11,682	11,030	112.5	56.4	Feb 14, 2024	J-GAAP
Apr - Dec, 2024	218,746	13,756	19,290	35,194	346.9	69.5	Feb 12, 2025	J-GAAP
Apr - Dec, 2025	253,183	31,116	35,953	25,383	251.6	89.9	Feb 10, 2026	J-GAAP
YoY	+15.7%	+126.2%	+86.4%	-27.9%	-27.5%

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	174,452	10,199	8,266	8,469	83.9	－	Nov 12, 2025	J-GAAP
Oct - Mar, 2025 New	174,452	15,199	17,266	13,469	133.5	35	Feb 10, 2026	J-GAAP
Revision Rate	0.0%	+49.0%	+108.9%	+59.0%	+59.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2026 Prev	340,000	30,000	31,000	26,000	257.7	－	Nov 12, 2025	J-GAAP
Mar, 2026 New	340,000	35,000	40,000	31,000	307.2	50	Feb 10, 2026	J-GAAP
Revision Rate	0.0%	+16.7%	+29.0%	+19.2%	+19.2%

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	170,071	13,914	14,446	6,789	67.0	20	May 13, 2025	J-GAAP
Oct - Mar, 2025 Guidance	174,452	15,199	17,266	13,469	133.5	35	Feb 10, 2026	J-GAAP
YoY	+2.6%	+9.2%	+19.5%	+98.4%	+99.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2024	301,875	19,630	20,711	25,051	255.7	5	May 14, 2024	J-GAAP
Mar, 2025	315,112	23,130	27,756	39,074	385.4	20	May 13, 2025	J-GAAP
Mar, 2026 Guidance	340,000	35,000	40,000	31,000	307.2	50	Feb 10, 2026	J-GAAP
YoY	+7.9%	+51.3%	+44.1%	-20.7%	-20.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2024	73,705	4,540	5,980	2,909	28.7	6.2	Feb 12, 2025	J-GAAP
Jan - Mar, 2025	96,366	9,374	8,466	3,880	38.3	9.7	May 13, 2025	J-GAAP
Apr - Jun, 2025	81,151	8,896	10,148	7,214	71.5	11.0	Aug 6, 2025	J-GAAP
Jul - Sep, 2025	84,397	10,905	12,586	10,317	102.3	12.9	Nov 12, 2025	J-GAAP
Oct - Dec, 2025	87,635	11,315	13,219	7,852	77.8	12.9	Feb 10, 2026	J-GAAP
YoY	+18.9%	+149.2%	+121.1%	+169.9%	+171.4%