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MIYAJI ENGINEERING, 50% Decrease in Ordinary Profit for The Current Fiscal Year, Dividend to Cut by 22.5 Yen

Wed May 13, 2026 3:00 pm JST Earnings

3431 MIYAJI ENGINEERING GROUP, INC. 【J-GAAP】

Earnings Report

MIYAJI ENGINEERING GROUP, INC. <3431> [TSE Prime] announced its financial results in the afternoon session on May 13th (15:00). The consolidated ordinary profit for the fiscal year ended March 2026 decreased by 49.1% from the previous period to 4.83 billion yen. For the fiscal year ending March 2027 is also bleak, with an expected significant drop by 50.3% from the previous period to 2.40 billion yen.

At the same time, the company has decided to reduce the dividend this fiscal year to 75 yen, a decrease of 22.5 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit dropped to 1.16 billion yen, a 35.6% decrease compared to the same period last year. The operating profit margin worsened from 8.3% in the same period last year to 7.2%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 69,365 7,904 7,908 4,354 160.0 96 May 14, 2024 J-GAAP
Mar, 2025 74,725 9,157 9,485 4,851 181.3 97.50 May 14, 2025 J-GAAP
Mar, 2026 56,659 4,525 4,830 3,264 123.1 97.50 May 13, 2026 J-GAAP
YoY -24.2% -50.6% -49.1% -32.7% -32.1%

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 58,000 4,700 4,800 3,000 113.1 97.50 Nov 11, 2025 J-GAAP
Mar, 2026 Results 56,659 4,525 4,830 3,264 123.1 97.50 May 13, 2026 J-GAAP
Revision Rate -2.3% -3.7% +0.6% +8.8% +8.8%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 28,307 2,847 2,996 1,801 67.9 42.50 Nov 11, 2025 J-GAAP
Apr - Sep, 2026 Guidance 25,000 550 630 710 26.8 27 May 13, 2026 J-GAAP
YoY -11.7% -80.7% -79.0% -60.6% -60.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 74,725 9,157 9,485 4,851 181.3 97.50 May 14, 2025 J-GAAP
Mar, 2026 56,659 4,525 4,830 3,264 123.1 97.50 May 13, 2026 J-GAAP
Mar, 2027 Guidance 55,000 2,300 2,400 2,000 75.4 75 May 13, 2026 J-GAAP
YoY -2.9% -49.2% -50.3% -38.7% -38.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 20,796 1,717 1,807 1,138 42.5 8.3 May 14, 2025 J-GAAP
Apr - Jun, 2025 14,734 1,437 1,535 923 34.8 9.8 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 13,573 1,410 1,461 878 33.1 10.4 Nov 11, 2025 J-GAAP
Oct - Dec, 2025 12,611 540 670 622 23.5 4.3 Feb 10, 2026 J-GAAP
Jan - Mar, 2026 15,741 1,138 1,164 841 31.7 7.2 May 13, 2026 J-GAAP
YoY -24.3% -33.7% -35.6% -26.1% -25.4%

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