MEIKO CONSTRUCTION, 3% Decrease in Ordinary Profit for The Current Fiscal Year, Increased Previous Year's Dividend by 4 Yen, This Fiscal Year to Increase Dividend by 8 Yen

Tue May 12, 2026 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 12th (16:00). The consolidated ordinary profit for the fiscal year ended March 2026 increased by 17.5% from the previous period to 8.12 billion yen. However, for the fiscal year ending March 2027, the consolidated ordinary profit is expected to decrease by 2.7% from the previous period to 7.90 billion yen.

At the same time, the company increased the annual dividend for the previous term from 54 yen to 58 yen (compared to 42 yen in the prior term), and has decided to increase the dividend this fiscal year to 66 yen, an increase of 8 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit grew 20.8% from the same period last year, reaching 2.68 billion yen. The operating profit margin improved from 7.8% in the same period last year to 9.6%.

Kabutan News

Actual Performance and Financial Trends

Historical Performance

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
Mar, 2026	96,953M	7,574M	8,121M	5,969M	236.5	58	May 12, 2026	J-GAAP
YoY	+4.1%	+18.6%	+17.5%	+15.1%	+15.1%

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	98,000M	6,500M	7,000M	5,200M	206.0	58	May 12, 2026	J-GAAP
Mar, 2026 Results	96,953M	7,574M	8,121M	5,969M	236.5	58	May 12, 2026	J-GAAP
Revision Rate	-1.1%	+16.5%	+16.0%	+14.8%	+14.8%

Guidance Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2026 Prev	98,000M	6,500M	7,000M	5,200M	206.0	58	May 12, 2026	J-GAAP
Mar, 2027 New	105,000M	7,400M	7,900M	5,500M	217.9	66	May 12, 2026	J-GAAP
Revision Rate	+7.1%	+13.8%	+12.9%	+5.8%	+5.8%

Current Period Guidance

First Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2025	43,933M	2,671M	3,034M	2,076M	82.2	21	Nov 5, 2025	J-GAAP
Guidance Apr - Sep, 2026	47,250M	3,000M	3,400M	2,360M	93.5	33	May 12, 2026	J-GAAP
YoY	+7.6%	+12.3%	+12.1%	+13.7%	+13.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025	93,170M	6,386M	6,912M	5,184M	205.4	42	May 8, 2025	J-GAAP
Mar, 2026	96,953M	7,574M	8,121M	5,969M	236.5	58	May 12, 2026	J-GAAP
Guidance Mar, 2027	105,000M	7,400M	7,900M	5,500M	217.9	66	May 12, 2026	J-GAAP
YoY	+8.3%	-2.3%	-2.7%	-7.9%	-7.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jan - Mar, 2025	28,196M	2,195M	2,224M	1,996M	79.1	7.8%	May 8, 2025	J-GAAP
Apr - Jun, 2025	21,106M	874M	1,222M	836M	33.1	4.1%	Jul 25, 2025	J-GAAP
Jul - Sep, 2025	22,827M	1,797M	1,812M	1,240M	49.1	7.9%	Nov 5, 2025	J-GAAP
Oct - Dec, 2025	24,884M	2,204M	2,401M	1,638M	64.9	8.9%	Jan 30, 2026	J-GAAP
Jan - Mar, 2026	28,136M	2,699M	2,686M	2,255M	89.3	9.6%	May 12, 2026	J-GAAP
YoY	-0.2%	+23.0%	+20.8%	+13.0%	+13.0%