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MIYAJI ENGINEERING, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 52%, Oct-Dec Ordinary Profit Decreases by 78%

Tue Feb 10, 2026 3:00 pm JST Earnings

3431 MIYAJI ENGINEERING GROUP, INC. 【J-GAAP】

Earnings Report

MIYAJI ENGINEERING GROUP, INC. <3431> [TSE Prime] announced its financial results in the afternoon session on February 10th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) significantly dropped 52.3% from the same period last year to 3.66 billion yen. Progress toward the full-year plan of 4.80 billion yen was 76.4%, below the five-year average of 80.6%.

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 drop 37.6% from the same period last year to 1.13 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit significantly dropped to 0.67 billion yen, a 78.0% decrease compared to the same period last year. The operating profit margin sharply declined from 16.6% in the same period last year to 4.3%.

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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 52,309 6,801 6,789 3,701 136.0 85.8 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 53,929 7,440 7,678 3,713 138.4 80.9 Feb 7, 2025 J-GAAP
Apr - Dec, 2025 40,918 3,387 3,666 2,423 91.4 76.4 Feb 10, 2026 J-GAAP
YoY -24.1% -54.5% -52.3% -34.7% -34.0%

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 38,625 4,694 4,870 2,611 97.6 55 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 29,693 1,853 1,804 1,199 45.2 55 Nov 11, 2025 J-GAAP
YoY -23.1% -60.5% -63.0% -54.1% -53.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 69,365 7,904 7,908 4,354 160.0 96 May 14, 2024 J-GAAP
Mar, 2025 74,725 9,168 9,496 4,863 181.8 97.50 May 14, 2025 J-GAAP
Mar, 2026 Guidance 58,000 4,700 4,800 3,000 113.1 97.50 Nov 11, 2025 J-GAAP
YoY -22.4% -48.7% -49.5% -38.3% -37.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 17,829 2,966 3,052 1,461 54.5 16.6 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 20,796 1,728 1,818 1,150 43.0 8.3 May 14, 2025 J-GAAP
Apr - Jun, 2025 14,734 1,437 1,535 923 34.8 9.8 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 13,573 1,410 1,461 878 33.1 10.4 Nov 11, 2025 J-GAAP
Oct - Dec, 2025 12,611 540 670 622 23.5 4.3 Feb 10, 2026 J-GAAP
YoY -29.3% -81.8% -78.0% -57.4% -56.9%

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