MEIKO CONSTRUCTION, 15% Decrease in Ordinary Profit for The Current Fiscal Year

Thu May 8, 2025 4:00 pm JST Earnings

1869 MEIKO CONSTRUCTION CO.,LTD. 【J-GAAP】

Earnings Report

MEIKO CONSTRUCTION CO.,LTD. <1869> [NSE Main] announced its financial results after the market closed on May 8th (16:00). The consolidated ordinary profit for the fiscal year ending March 2025 increased 18.8% from the previous period to 6.91 billion yen. However, for the fiscal year ending March 2026, the consolidated ordinary profit is expected to decrease by 15.4% from the previous period to 5.85 billion yen.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit increased 52.9% from the same period last year, reaching 2.22 billion yen. The operating profit margin improved from 6.3% in the same period last year to 7.8%.

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Actual Performance and Financial Trends

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	84,185M	6,331M	6,704M	4,657M	184.5	34	May 11, 2023	J-GAAP
Mar, 2024	86,218M	5,370M	5,820M	4,028M	159.6	36	May 9, 2024	J-GAAP
Mar, 2025	93,170M	6,386M	6,912M	5,184M	205.4	42	May 8, 2025	J-GAAP
YoY	+8.1%	+18.9%	+18.8%	+28.7%	+28.7%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Guidance	93,170M	6,386M	6,912M	5,184M	205.4	42	Apr 25, 2025	J-GAAP
Mar, 2025 Results	93,170M	6,386M	6,912M	5,184M	205.4	42	May 8, 2025	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

Current Period Guidance

First Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024	40,305M	2,720M	3,023M	2,053M	81.4	18	Oct 30, 2024	J-GAAP
Guidance Apr - Sep, 2025	44,000M	2,500M	2,650M	1,850M	73.3	21	May 8, 2025	J-GAAP
YoY	+9.2%	-8.1%	-12.3%	-9.9%	-9.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2024	86,218M	5,370M	5,820M	4,028M	159.6	36	May 9, 2024	J-GAAP
Mar, 2025	93,170M	6,386M	6,912M	5,184M	205.4	42	May 8, 2025	J-GAAP
Guidance Mar, 2026	98,000M	5,500M	5,850M	4,050M	160.4	42	May 8, 2025	J-GAAP
YoY	+5.2%	-13.9%	-15.4%	-21.9%	-21.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jan - Mar, 2024	22,462M	1,408M	1,455M	1,047M	41.5	6.3%	May 9, 2024	J-GAAP
Apr - Jun, 2024	18,374M	426M	718M	469M	18.6	2.3%	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	21,931M	2,294M	2,305M	1,584M	62.8	10.5%	Oct 30, 2024	J-GAAP
Oct - Dec, 2024	24,669M	1,471M	1,665M	1,135M	45.0	6.0%	Jan 31, 2025	J-GAAP
Jan - Mar, 2025	28,196M	2,195M	2,224M	1,996M	79.1	7.8%	May 8, 2025	J-GAAP
YoY	+25.5%	+55.9%	+52.9%	+90.6%	+90.6%