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Meiko Electronics, First Half Ordinary Profit Increases by 42%, Jul-Sep Ordinary Profit Increases by 78%

Thu Nov 6, 2025 3:30 pm JST Earnings

6787 Meiko Electronics Co., Ltd. 【J-GAAP】

Earnings Report

Meiko Electronics Co., Ltd. <6787> [TSE Prime] announced its financial results after the market closed on November 6th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 11.3 billion yen, an increase 41.9% compared to the same period last year. Progress toward the full-year plan of 22.0 billion yen was 51.6%, also surpassing the five-year average of 43.0%.

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 1.1% from the same period last year to 10.6 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 77.9% from the same period last year, reaching 6.42 billion yen. However, the operating profit margin decreased from 11.8% in the same period last year to 10.0%.

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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 86,216 4,197 6,760 5,223 197.5 47.4 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 98,157 9,287 8,005 6,333 240.8 42.7 Nov 6, 2024 J-GAAP
Apr - Sep, 2025 111,493 11,418 11,360 9,395 360.0 51.6 Nov 6, 2025 J-GAAP
YoY +13.6% +22.9% +41.9% +48.3% +49.5%

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 ー ー ー ー － 45 May 13, 2025 J-GAAP
Apr - Sep, 2025 Results 111,493 11,418 11,360 9,395 360.0 45 Nov 6, 2025 J-GAAP
Revision Rate － － － － －

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 108,649 9,796 10,758 8,591 327.8 48 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 111,507 12,082 10,640 8,605 329.4 45 Nov 6, 2025 J-GAAP
YoY +2.6% +23.3% -1.1% +0.2% +0.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 179,458 11,660 14,267 11,310 428.7 68 May 10, 2024 J-GAAP
Mar, 2025 206,806 19,083 18,763 14,924 569.5 88 May 13, 2025 J-GAAP
Mar, 2026 Guidance 223,000 23,500 22,000 18,000 689.1 90 Aug 6, 2025 J-GAAP
YoY +7.8% +23.1% +17.3% +20.6% +21.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 51,144 6,022 3,611 3,280 124.7 11.8 Nov 6, 2024 J-GAAP
Oct - Dec, 2024 53,600 5,361 7,948 6,227 238.2 10.0 Feb 6, 2025 J-GAAP
Jan - Mar, 2025 55,049 4,435 2,810 2,364 90.2 8.1 May 13, 2025 J-GAAP
Apr - Jun, 2025 53,072 5,585 4,935 3,772 144.0 10.5 Aug 6, 2025 J-GAAP
Jul - Sep, 2025 58,421 5,833 6,425 5,623 215.5 10.0 Nov 6, 2025 J-GAAP
YoY +14.2% -3.1% +77.9% +71.4% +72.8%

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