MEIKO CONSTRUCTION, First Half Ordinary Profit Increases by 0.4％
1869 MEIKO CONSTRUCTION CO.,LTD. 【J-GAAP】
Earnings ReportMEIKO 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 Performance and Financial Trends
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Progress Rate vs. First Half |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
40,029M | 1,984M | 2,252M | 1,555M | 61.6 | 38.7 | Nov 2, 2023 | J-GAAP |
|
|
40,305M | 2,720M | 3,023M | 2,053M | 81.4 | 43.7 | Oct 30, 2024 | J-GAAP |
|
|
43,933M | 2,671M | 3,034M | 2,076M | 82.2 | 51.9 | Nov 5, 2025 | J-GAAP |
| YoY | +9.0% | -1.8% | +0.4% | +1.1% | +1.1% |
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 Guidance | 43,933M | 2,671M | 3,034M | 2,076M | 82.2 | 21 | Oct 31, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 43,933M | 2,671M | 3,034M | 2,076M | 82.2 | 21 | Nov 5, 2025 | J-GAAP |
| Revision Rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
52,865M | 3,666M | 3,889M | 3,131M | 124.0 | 24 | May 8, 2025 | J-GAAP |
|
Guidance
Oct - Mar, 2025
|
54,067M | 2,829M | 2,816M | 1,974M | 78.2 | 21 | Oct 31, 2025 | J-GAAP |
| YoY | +2.3% | -22.8% | -27.6% | -37.0% | -37.0% |
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
86,218M | 5,370M | 5,820M | 4,028M | 159.6 | 36 | May 9, 2024 | J-GAAP |
|
|
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 |
|---|---|---|---|---|---|---|---|---|
|
|
21,931M | 2,294M | 2,305M | 1,584M | 62.8 | 10.5 | Oct 30, 2024 | J-GAAP |
|
|
24,669M | 1,471M | 1,665M | 1,135M | 45.0 | 6.0 | Jan 31, 2025 | J-GAAP |
|
|
28,196M | 2,195M | 2,224M | 1,996M | 79.1 | 7.8 | May 8, 2025 | J-GAAP |
|
|
21,106M | 874M | 1,222M | 836M | 33.1 | 4.1 | Jul 25, 2025 | J-GAAP |
|
|
22,827M | 1,797M | 1,812M | 1,240M | 49.1 | 7.9 | Nov 5, 2025 | J-GAAP |
| YoY | +4.1% | -21.7% | -21.4% | -21.7% | -21.8% |