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Moriya Transportation Engineering, 3% Increase in Ordinary Profit, Update Record High for Fourth Consecutive Term, Increased Previous Year's Dividend by 8 Yen, This Fiscal Year to Increase Dividend
6226 Moriya Transportation Engineering and Manufacturing Co.,Ltd. 【J-GAAP】
Earnings ReportMoriya Transportation Engineering and Manufacturing Co.,Ltd. <6226> [TSE Std] announced its financial results in the afternoon session on May 11th (15:00). The ordinary profit (non-consolidated) for the fiscal year ended March 2026 expanded to 46.0% from the previous period to 6.12 billion yen, exceeding the previous forecast of 5.27 billion yen. For the fiscal year ending March 2027, the ordinary profit is expected to grow by 3.0% to 6.31 billion yen, marking the fourth consecutive term of record-high profits. This will be the ninth consecutive term of revenue and the fourth consecutive term of profit growth.
At the same time, the company increased the annual dividend for the previous term from 51 yen to 59 yen (compared to 38 yen in the prior term), and the annual dividend for this fiscal year is 38 yen, taking into account the forward stock split scheduled to be allocated on March 31, this dividend represents an actual increase of 28.8%.
In the most recent three-month period, from January to March (4Q), the ordinary profit increased 37.2% from the same period last year, reaching 1.94 billion yen. The operating profit margin rose from 25.3% in the same period last year to 28.9%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 17,527 | 2,593 | 2,629 | 1,718 | 49.2 | 10 | May 10, 2024 | J-GAAP |
| Mar, 2025 | 19,435 | 4,092 | 4,198 | 2,840 | 81.1 | 19 | May 12, 2025 | J-GAAP |
| Mar, 2026 | 23,589 | 6,071 | 6,127 | 4,138 | 117.5 | 29.50 | May 11, 2026 | J-GAAP |
| YoY | +21.4% | +48.4% | +46.0% | +45.7% | +44.9% |
Full Year Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Guidance | 23,750 | 5,200 | 5,270 | 3,580 | 101.5 | 25.50 | Nov 7, 2025 | J-GAAP |
| Mar, 2026 Results | 23,589 | 6,071 | 6,127 | 4,138 | 117.5 | 29.50 | May 11, 2026 | J-GAAP |
| Revision Rate | -0.7% | +16.8% | +16.3% | +15.6% | +15.7% |
Current Period Guidance
H1 Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 | 10,777 | 2,568 | 2,605 | 1,771 | 50.3 | 10 | Nov 12, 2025 | J-GAAP |
| Apr - Sep, 2026 Guidance | 12,170 | 3,000 | 3,030 | 2,120 | 60.1 | 19 | May 11, 2026 | J-GAAP |
| YoY | +12.9% | +16.8% | +16.3% | +19.7% | +19.4% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2025 | 19,435 | 4,092 | 4,198 | 2,840 | 81.1 | 19 | May 12, 2025 | J-GAAP |
| Mar, 2026 | 23,589 | 6,071 | 6,127 | 4,138 | 117.5 | 29.50 | May 11, 2026 | J-GAAP |
| Mar, 2027 Guidance | 25,400 | 6,250 | 6,310 | 4,420 | 125.3 | 38 | May 11, 2026 | J-GAAP |
| YoY | +7.7% | +2.9% | +3.0% | +6.8% | +6.6% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Mar, 2025 | 5,521 | 1,395 | 1,416 | 963 | 27.5 | 25.3 | May 12, 2025 | J-GAAP |
| Apr - Jun, 2025 | 5,108 | 1,252 | 1,276 | 868 | 24.7 | 24.5 | Aug 7, 2025 | J-GAAP |
| Jul - Sep, 2025 | 5,669 | 1,316 | 1,329 | 903 | 25.7 | 23.2 | Nov 12, 2025 | J-GAAP |
| Oct - Dec, 2025 | 6,145 | 1,574 | 1,579 | 1,074 | 30.5 | 25.6 | Feb 10, 2026 | J-GAAP |
| Jan - Mar, 2026 | 6,667 | 1,929 | 1,943 | 1,293 | 36.7 | 28.9 | May 11, 2026 | J-GAAP |
| YoY | +20.8% | +38.3% | +37.2% | +34.3% | +33.5% |
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