kabutan

MEIKO CONSTRUCTION, First Half Ordinary Profit Increases by 0.4％

Wed Nov 5, 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 November 5th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) was 3.03 billion yen, a 0.4% increase compared to the same period last year. Progress toward the full-year plan of 5.85 billion yen was 51.9%, also surpassing the five-year average of 42.3%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 27.6% from the same period last year to 2.81 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.81 billion yen, a 21.4% decrease compared to the same period last year. The operating profit margin decreased from 10.5% in the same period last year to 7.9%.

Kabutan News

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
Apr - Sep, 2023 40,029 1,984 2,252 1,555 61.6 38.7 Nov 2, 2023 J-GAAP
Apr - Sep, 2024 40,305 2,720 3,023 2,053 81.4 43.7 Oct 30, 2024 J-GAAP
Apr - Sep, 2025 43,933 2,671 3,034 2,076 82.2 51.9 Nov 5, 2025 J-GAAP
YoY +9.0% -1.8% +0.4% +1.1% +1.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 43,933 2,671 3,034 2,076 82.2 21 Oct 31, 2025 J-GAAP
Apr - Sep, 2025 Results 43,933 2,671 3,034 2,076 82.2 21 Nov 5, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 52,865 3,666 3,889 3,131 124.0 24 May 8, 2025 J-GAAP
Oct - Mar, 2025 Guidance 54,067 2,829 2,816 1,974 78.2 21 Oct 31, 2025 J-GAAP
YoY +2.3% -22.8% -27.6% -37.0% -37.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 86,218 5,370 5,820 4,028 159.6 36 May 9, 2024 J-GAAP
Mar, 2025 93,170 6,386 6,912 5,184 205.4 42 May 8, 2025 J-GAAP
Mar, 2026 Guidance 98,000 5,500 5,850 4,050 160.4 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
Jul - Sep, 2024 21,931 2,294 2,305 1,584 62.8 10.5 Oct 30, 2024 J-GAAP
Oct - Dec, 2024 24,669 1,471 1,665 1,135 45.0 6.0 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 28,196 2,195 2,224 1,996 79.1 7.8 May 8, 2025 J-GAAP
Apr - Jun, 2025 21,106 874 1,222 836 33.1 4.1 Jul 25, 2025 J-GAAP
Jul - Sep, 2025 22,827 1,797 1,812 1,240 49.1 7.9 Nov 5, 2025 J-GAAP
YoY +4.1% -21.7% -21.4% -21.7% -21.8%

Related Articles