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MEIHO ENTERPRISE, First Half Ordinary Profit Increases by 67%

Tue Mar 17, 2026 3:30 pm JST Earnings

8927 MEIHO ENTERPRISE CO.,LTD. 【J-GAAP】

Earnings Report

MEIHO ENTERPRISE CO.,LTD. <8927> [TSE Std] announced its financial results after the market closed on March 17th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending July 2026 (August 2025 to January 2026) expanded 1.20 billion yen, an increase 66.9% compared to the same period last year, exceeded the previous forecast of 1.00 billion yen.

Progress toward the full-year plan of 3.00 billion yen was 40.1%, exceeding the five-year average of 27.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the February to July period (second half) is expected to decrease 8.4% from the same period last year to 1.79 billion yen.

In the most recent three-month period, from November to January (2Q), the consolidated ordinary profit surged 8.1 times that of the same period last year, reaching 1.02 billion yen. The operating profit margin significantly improved from 6.9% in the same period last year to 10.4%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Aug - Jan, 2023 10,868 1,374 1,192 835 28.3 62.9 Mar 15, 2024 J-GAAP
Aug - Jan, 2024 11,752 1,051 720 460 15.6 26.8 Mar 17, 2025 J-GAAP
Aug - Jan, 2025 14,861 1,440 1,202 859 28.4 40.1 Mar 17, 2026 J-GAAP
YoY +26.5% +37.0% +66.9% +86.7% +81.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2025 Guidance 16,100 1,400 1,000 600 19.7 6.50 Sep 11, 2025 J-GAAP
Aug - Jan, 2025 Results 14,861 1,440 1,202 859 28.4 6.50 Mar 17, 2026 J-GAAP
Revision Rate -7.7% +2.9% +20.2% +43.2% +44.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb - Jul, 2025 18,044 2,322 1,963 1,433 48.6 6.50 Sep 11, 2025 J-GAAP
Feb - Jul, 2026 Guidance 22,739 2,360 1,798 1,141 37.4 6.50 Mar 17, 2026 J-GAAP
YoY +26.0% +1.6% -8.4% -20.4% -23.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2024 20,562 2,341 1,895 1,375 46.6 11 Sep 12, 2024 J-GAAP
Jul, 2025 29,796 3,373 2,683 1,893 64.2 12 Sep 11, 2025 J-GAAP
Jul, 2026 Guidance 37,600 3,800 3,000 2,000 65.5 13 Sep 11, 2025 J-GAAP
YoY +26.2% +12.7% +11.8% +5.7% +2.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Nov - Jan, 2024 4,560 314 126 76 2.6 6.9 Mar 17, 2025 J-GAAP
Feb - Apr, 2025 8,091 1,033 865 589 20.0 12.8 Jun 12, 2025 J-GAAP
May - Jul, 2025 9,953 1,289 1,098 844 28.6 13.0 Sep 11, 2025 J-GAAP
Aug - Oct, 2025 4,921 411 180 115 3.8 8.4 Dec 11, 2025 J-GAAP
Nov - Jan, 2025 9,940 1,029 1,022 744 24.6 10.4 Mar 17, 2026 J-GAAP
YoY +118.0% +227.7% +711.1% +878.9% +853.1%

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