kabutan

Mitsubishi Research Institute, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 6%

Mon Apr 27, 2026 4:00 pm JST Earnings

3636 Mitsubishi Research Institute, Inc. 【J-GAAP】

Earnings Report

Mitsubishi Research Institute, Inc. <3636> [TSE Prime] announced its financial results after the market closed on April 27th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending September 2026 (October 2025 to March 2026) expanded 10.0 billion yen, an increase 32.1% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 5.6%, from the previous forecast of 9.00 billion yen to 9.50 billion yen (compared to 9.73 billion yen in the previous period), and the declining rate is expected to decrease from 7.5% to 2.4%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the April to September period (second half) is expected to turn into a loss of 0.59 billion yen (compared to a profit of 2.09 billion yen in the same period last year).

In the most recent three-month period, from January to March (2Q), the consolidated ordinary profit grew 9.4% from the same period last year, reaching 6.23 billion yen. However, the operating profit margin decreased from 14.2% in the same period last year to 14.0%.

Kabutan News

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
Oct - Mar, 2023 66,534 8,601 9,341 6,212 391.2 114.7 Apr 25, 2024 J-GAAP
Oct - Mar, 2024 65,437 6,819 7,640 4,881 310.1 78.5 Apr 25, 2025 J-GAAP
Oct - Mar, 2025 72,571 9,293 10,094 8,470 537.7 106.3 Apr 27, 2026 J-GAAP
YoY +10.9% +36.3% +32.1% +73.5% +73.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Guidance ー ー ー ー － 80 Oct 30, 2025 J-GAAP
Oct - Mar, 2025 Results 72,571 9,293 10,094 8,470 537.7 80 Apr 27, 2026 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2026 Prev 122,000 7,500 9,000 5,800 368.2 165 Oct 30, 2025 J-GAAP
Sep, 2026 New 125,000 8,400 9,500 6,600 418.8 165 Apr 27, 2026 J-GAAP
Revision Rate +2.5% +12.0% +5.6% +13.8% +13.7%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 56,021 1,191 2,094 1,505 95.6 85 Oct 30, 2025 J-GAAP
Apr - Sep, 2026 Guidance 52,429 -893 -594 -1,870 -118.7 85 Apr 27, 2026 J-GAAP
YoY -6.4% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2024 115,362 7,060 8,147 5,003 316.4 160 Oct 30, 2024 J-GAAP
Sep, 2025 121,458 8,010 9,734 6,386 405.6 165 Oct 30, 2025 J-GAAP
Sep, 2026 Guidance 125,000 8,400 9,500 6,600 418.8 165 Apr 27, 2026 J-GAAP
YoY +2.9% +4.9% -2.4% +3.4% +3.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 37,731 5,339 5,702 3,890 247.1 14.2 Apr 25, 2025 J-GAAP
Apr - Jun, 2025 26,186 -186 614 106 6.7 -0.7 Jul 30, 2025 J-GAAP
Jul - Sep, 2025 29,835 1,377 1,480 1,399 88.9 4.6 Oct 30, 2025 J-GAAP
Oct - Dec, 2025 30,899 3,455 3,857 2,634 167.3 11.2 Feb 5, 2026 J-GAAP
Jan - Mar, 2026 41,672 5,838 6,237 5,836 370.5 14.0 Apr 27, 2026 J-GAAP
YoY +10.4% +9.3% +9.4% +50.0% +49.9%

Related Articles