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MTI, First Half Ordinary Profit Increases by 20%, Jan-Mar Ordinary Profit Increases by 22%

Tue May 12, 2026 2:00 pm JST Earnings

9438 MTI Ltd. 【J-GAAP】

Earnings Report

MTI Ltd. <9438> [TSE Prime] announced its financial results in the afternoon session on May 12th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending September 2026 (October 2025 to March 2026) increased 19.9% from the same period last year, reaching 2.06 billion yen. Progress toward the full-year plan of 3.60 billion yen (midpoint) was 57.3%, almost the same as the five-year average of 54.6%.

In the most recent three-month period, from January to March (2Q), the consolidated ordinary profit grew 21.5% from the same period last year, reaching 1.14 billion yen. However, the operating profit margin decreased from 12.1% in the same period last year to 10.7%.

Note: If the earnings forecast is disclosed as a range, the article is based on the midpoint of that range.

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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
Oct - Mar, 2023 13,517 1,052 1,518 1,558 28.4 53.7 May 9, 2024 J-GAAP
Oct - Mar, 2024 14,885 1,639 1,721 1,757 31.9 56.9 May 13, 2025 J-GAAP
Oct - Mar, 2025 15,666 1,679 2,063 1,863 33.6 57.3 May 12, 2026 J-GAAP
YoY +5.2% +2.4% +19.9% +6.0% +5.4%

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 15,666 1,679 2,063 1,863 33.5 10 May 8, 2026 J-GAAP
Oct - Mar, 2025 Results 15,666 1,679 2,063 1,863 33.6 10 May 12, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +0.1%

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 15,025 1,307 1,306 1,647 29.8 10 Nov 11, 2025 J-GAAP
Apr - Sep, 2026 Guidance 15,834 1,621 1,537 837 15.1 10 May 8, 2026 J-GAAP
YoY +5.4% +24.0% +17.7% -49.2% -49.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2024 27,669 2,394 2,827 2,363 43.1 17 Nov 7, 2024 J-GAAP
Sep, 2025 29,910 2,946 3,027 3,404 61.6 19 Nov 11, 2025 J-GAAP
Sep, 2026 Guidance 31,500 3,300 3,600 2,700 48.6 20 May 8, 2026 J-GAAP
YoY +5.3% +12.0% +18.9% -20.7% -21.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 7,614 921 938 1,168 21.2 12.1 May 13, 2025 J-GAAP
Apr - Jun, 2025 7,421 704 655 304 5.5 9.5 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 7,604 603 651 1,343 24.3 7.9 Nov 11, 2025 J-GAAP
Oct - Dec, 2025 7,773 835 923 603 10.9 10.7 Feb 9, 2026 J-GAAP
Jan - Mar, 2026 7,893 844 1,140 1,260 22.7 10.7 May 12, 2026 J-GAAP
YoY +3.7% -8.4% +21.5% +7.9% +7.2%

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