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MEIDENSHA, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 6% Increase, Raises Record High Profit

Thu Oct 30, 2025 3:30 pm JST Earnings

6508 MEIDENSHA CORPORATION 【J-GAAP】

Earnings Report

MEIDENSHA CORPORATION <6508> [TSE Prime] announced its financial results after the market closed on October 30th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 3.17 billion yen, an increase 82.1% compared to the same period last year, exceeded the previous forecast of 2.00 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 12.5%, from the previous forecast of 20.0 billion yen to 22.5 billion yen (compared to 21.1 billion yen in the previous period), record profits reach three consecutive terms, turning to a 6.2% increase in the consolidated ordinary profit outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to nearly flat at 19.3 billion yen, down 0.6% from the same period last year.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 70.0% from the same period last year, reaching 2.60 billion yen. However, the operating profit margin worsened from 4.3% in the same period last year to 3.4%.

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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 119,047 -2,366 -1,622 -1,616 -35.6 ー Oct 30, 2023 J-GAAP
Apr - Sep, 2024 120,099 1,909 1,743 2,094 46.2 8.2 Oct 28, 2024 J-GAAP
Apr - Sep, 2025 131,142 2,792 3,174 2,026 44.7 14.1 Oct 30, 2025 J-GAAP
YoY +9.2% +46.3% +82.1% -3.2% -3.2%

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 136,000 2,000 2,000 1,400 30.9 47 Aug 28, 2025 J-GAAP
Apr - Sep, 2025 Results 131,142 2,792 3,174 2,026 44.7 47 Oct 30, 2025 J-GAAP
Revision Rate -3.6% +39.6% +58.7% +44.7% +44.8%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 335,000 20,000 20,000 14,000 308.6 － May 13, 2025 J-GAAP
Mar, 2026 New 330,000 22,500 22,500 16,500 363.7 － Oct 30, 2025 J-GAAP
Revision Rate -1.5% +12.5% +12.5% +17.9% +17.9%

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 181,002 19,603 19,449 16,393 361.4 88 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 198,858 19,708 19,326 14,474 319.1 － Oct 30, 2025 J-GAAP
YoY +9.9% +0.5% -0.6% -11.7% -11.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 287,880 12,731 13,385 11,205 247.0 75 May 10, 2024 J-GAAP
Mar, 2025 301,101 21,512 21,192 18,487 407.5 123 May 13, 2025 J-GAAP
Mar, 2026 Guidance 330,000 22,500 22,500 16,500 363.7 － Oct 30, 2025 J-GAAP
YoY +9.6% +4.6% +6.2% -10.7% -10.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 65,124 2,805 1,530 1,077 23.8 4.3 Oct 28, 2024 J-GAAP
Oct - Dec, 2024 70,984 4,081 4,979 3,837 84.6 5.7 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 110,018 15,522 14,470 12,556 276.8 14.1 May 13, 2025 J-GAAP
Apr - Jun, 2025 58,390 348 573 465 10.3 0.6 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 72,752 2,444 2,601 1,561 34.4 3.4 Oct 30, 2025 J-GAAP
YoY +11.7% -12.9% +70.0% +44.9% +45.0%

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