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MIC Co, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 19%, Exceeded Record Profit Forecast, Dividend Revised Upward by 22.5 Yen

Thu Feb 12, 2026 4:00 pm JST Earnings

300A MIC Co., Ltd. 【J-GAAP】

Earnings Report

MIC Co., Ltd. <300A> [TSE Std] announced its financial results after the market closed on February 12th (16:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 1.37 billion yen, an increase 78.4% compared to the same period last year.

In addition, the full-year forecast for ordinary profit has been revised upward 18.7%, from the previous forecast of 1.34 billion yen to 1.59 billion yen (compared to 1.01 billion yen in the previous period), increasing the growth rate from 31.5% to 56.0%. The company has further increased its previous forecast of record profits for the first time in five years.

Based on the full-year plan announced by the company after the upward revision, our estimate of the ordinary profit for the October to March period (second half) is expected to increase 50.3%, from the previous forecast of 0.49 billion yen to 0.74 billion yen (compared to 0.60 billion yen in the same period of the previous year), turning to a 22.9% increase in the ordinary profit outlook.

In light of the strong performance, the company has significantly increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 37.5 yen to 60 yen (compared to 27.5 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the ordinary profit increased 47.9% from the same period last year, reaching 0.53 billion yen. The operating profit margin rose from 10.7% in the same period last year to 13.3%.

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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, 2024 9,204 764 772 503 83.4 75.8 Feb 13, 2025 J-GAAP
Apr - Dec, 2025 10,899 1,331 1,377 915 128.9 86.6 Feb 12, 2026 J-GAAP
YoY +18.4% +74.2% +78.4% +81.9% +54.5%

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 6,822 489 497 315 44.4 37.50 Nov 13, 2025 J-GAAP
Oct - Mar, 2025 New 7,622 710 747 512 72.1 60 Feb 12, 2026 J-GAAP
Revision Rate +11.7% +45.2% +50.3% +62.5% +62.5%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 13,800 1,300 1,340 870 122.5 37.50 Nov 13, 2025 J-GAAP
Mar, 2026 New 14,600 1,521 1,590 1,067 150.2 60 Feb 12, 2026 J-GAAP
Revision Rate +5.8% +17.0% +18.7% +22.6% +22.6%

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 6,571 607 608 386 61.3 27.50 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 7,622 710 747 512 72.1 60 Feb 12, 2026 J-GAAP
YoY +16.0% +17.0% +22.9% +32.6% +17.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 12,275 998 1,019 650 103.3 27.50 May 14, 2025 J-GAAP
Mar, 2026 Guidance 14,600 1,521 1,590 1,067 150.2 60 Feb 12, 2026 J-GAAP
YoY +18.9% +52.4% +56.0% +64.2% +45.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 3,500 373 361 239 39.6 10.7 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 3,071 234 247 147 23.4 7.6 May 14, 2025 J-GAAP
Apr - Jun, 2025 3,436 321 335 220 31.1 9.3 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 3,542 490 508 335 47.2 13.8 Nov 13, 2025 J-GAAP
Oct - Dec, 2025 3,921 520 534 360 50.7 13.3 Feb 12, 2026 J-GAAP
YoY +12.0% +39.4% +47.9% +50.6% +28.0%

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