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MEITEC Group, 3% Increase in Ordinary Profit, Update Record High for Fifth Consecutive Term, Despite Last Fiscal Year's Dividend Increase, This Fiscal Year to Decrease Dividend
9744 MEITEC Group Holdings Inc. 【J-GAAP】
Earnings ReportMEITEC Group Holdings Inc. <9744> [TSE Prime] announced its financial results at noon (11:30) on May 12th. The consolidated ordinary profit for the fiscal year ended March 2026 increased by 6.3% from the previous period to 20.1 billion yen. For the fiscal year ending March 2027, the consolidated ordinary profit is expected to grow by 3.0% to 20.7 billion yen, marking the fifth consecutive term of record-high profits. This will be the sixth consecutive term of revenue and profit growth.
At the same time, the company increased the annual dividend for the previous term from 181 yen to 196 yen (compared to 198 yen in the prior term), and has decided to reduce the dividend this fiscal year to 181 yen, a decrease of 15 yen from the previous fiscal year.
In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit grew 4.0% from the same period last year, reaching 3.80 billion yen. However, the operating profit margin decreased from 11.1% in the same period last year to 10.9%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 126,976 | 17,660 | 17,667 | 12,343 | 158.0 | 114 | May 9, 2024 | J-GAAP |
| Mar, 2025 | 133,068 | 18,830 | 18,911 | 12,740 | 165.0 | 198 | May 8, 2025 | J-GAAP |
| Mar, 2026 | 137,686 | 19,903 | 20,101 | 15,051 | 195.0 | 196 | May 12, 2026 | J-GAAP |
| YoY | +3.5% | +5.7% | +6.3% | +18.1% | +18.2% |
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 | 137,000 | 20,200 | 20,400 | 13,900 | 180.0 | 181 | Oct 30, 2025 | J-GAAP |
| Mar, 2026 Results | 137,686 | 19,903 | 20,101 | 15,051 | 195.0 | 196 | May 12, 2026 | J-GAAP |
| Revision Rate | +0.5% | -1.5% | -1.5% | +8.3% | +8.3% |
Current Period Guidance
H1 Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 | 68,352 | 10,063 | 10,172 | 6,933 | 89.8 | 90 | Oct 30, 2025 | J-GAAP |
| Apr - Sep, 2026 Guidance | 69,500 | 9,500 | 9,600 | 6,500 | 84.2 | 85 | May 12, 2026 | J-GAAP |
| YoY | +1.7% | -5.6% | -5.6% | -6.2% | -6.2% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2025 | 133,068 | 18,830 | 18,911 | 12,740 | 165.0 | 198 | May 8, 2025 | J-GAAP |
| Mar, 2026 | 137,686 | 19,903 | 20,101 | 15,051 | 195.0 | 196 | May 12, 2026 | J-GAAP |
| Mar, 2027 Guidance | 140,800 | 20,500 | 20,700 | 13,900 | 180.0 | 181 | May 12, 2026 | J-GAAP |
| YoY | +2.3% | +3.0% | +3.0% | -7.6% | -7.7% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Mar, 2025 | 32,670 | 3,618 | 3,658 | 2,939 | 38.1 | 11.1 | May 8, 2025 | J-GAAP |
| Apr - Jun, 2025 | 34,084 | 4,879 | 4,911 | 3,332 | 43.2 | 14.3 | Jul 31, 2025 | J-GAAP |
| Jul - Sep, 2025 | 34,268 | 5,184 | 5,261 | 3,601 | 46.6 | 15.1 | Oct 30, 2025 | J-GAAP |
| Oct - Dec, 2025 | 35,170 | 6,105 | 6,123 | 4,191 | 54.3 | 17.4 | Jan 29, 2026 | J-GAAP |
| Jan - Mar, 2026 | 34,164 | 3,735 | 3,806 | 3,927 | 50.9 | 10.9 | May 12, 2026 | J-GAAP |
| YoY | +4.6% | +3.2% | +4.0% | +33.6% | +33.6% |
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